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DGAP-News: AlzChem Group AG: Annual General Meeting approves dividend of EUR 0.09 per share

14.05.2019, 13:55:02 (www.4investors.de - in Kooperation mit DGAP - EQS Group):




DGAP-News: AlzChem Group AG / Key word(s): AGM/EGM

AlzChem Group AG: Annual General Meeting approves dividend of EUR 0.09 per share
14.05.2019 / 13:55


The issuer is solely responsible for the content of this announcement.
AlzChem Group AG: Annual General Meeting approves dividend of EUR 0.09 per share


Trostberg, May 14, 2019 - At today's Annual General Meeting of AlzChem Group AG, a vertically integrated specialty chemicals supplier with a leading market position in selected niche markets, the shareholders present honored the successful business development and corporate strategy and expressed their confidence in the Management Board and Supervisory Board. All items on the agenda were resolved by a large majority in the interests of management, which included a dividend payment of EUR 0.09 per share and, among other things, a reverse stock split of 10 to 1. With this measure, the company is responding to the wish of the majority of shareholders to reduce the number of shares to a ratio commensurate with the size and value of the company and thereby increase the stock exchange price per share to a level customary on the capital market. The measure is expected to be implemented in July/August after entry in the commercial register.

In Munich, the Management Board reported to the shareholders on the successful business development both in the short fiscal year 2018/II (period from July 1 to December 31, 2018) and in the first quarter of 2019 (period from January 1 to March 31, 2019) and confirmed the forecast for the full year 2019. In addition, it discussed in detail the development in the individual segments and the further corporate strategy.

Ulli Seibel, CEO of AlzChem Group AG: "Our company continues to develop very successfully and in the desired direction. A significant contribution will also be made in the future by our own distribution of Creamino, which has been active since the beginning of the year, and the additional Creamino production capacities that will be available from the middle of the year."

The voting results of the Annual General Meeting can be viewed on the company's website at https://www.alzchem.com/de/hv.

About AlzChem
The AlzChem Group is a vertically integrated manufacturer of various chemical products based on the NCN chain. These are products with typical nitrogen-carbon-nitrogen bonding that are used in a wide variety of different industries. The company has a leading position in select niche markets. The strategic focus of growth and the main focus of its extensive research and development are on the business segment Specialty Chemicals. The company has around 1,560 employees at four sites in Germany and three other sites abroad.












14.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
AlzChem Group AG

Dr.-Albert-Frank-Str. 32

83308 Trostberg


Germany
Phone:
+498621862888
Fax:
+49862186502888
E-mail:
ir@alzchem.com
Internet:
www.alzchem.com
ISIN:
DE000A0AHT46
WKN:
A0AHT4
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart
EQS News ID:
810963

 
End of News
DGAP News Service




810963  14.05.2019 



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