United Internet AG: Dividend proposal of 0.05 EUR due to ongoing 5G spectrum auction
May 20, 2019 at 02:10 pm EDT
Share
DGAP-Ad-hoc: United Internet AG / Key word(s): Dividend
United Internet AG: Dividend proposal of 0.05 EUR due to ongoing 5G spectrum auction
20-May-2019 / 20:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Montabaur, May 20, 2019. On March 27, 2019, United Internet AG announced that the company's Management Board and Supervisory Board would make a dividend proposal at the Annual Shareholders' Meeting on May 23, 2019 that would take into account the outcome of the ongoing auction on the allocation of mobile frequencies in the 2 GHz and 3.6 GHz bands ("5G spectrum auction"). Accordingly, a dividend of 0.05 EUR per United Internet share was proposed in case that the United Internet subsidiary 1&1 Drillisch has successfully acquired spectrum in the auction by today, i.e., by May 20, 2019.
The 5G spectrum auction is not yet finished and continues regardless of its already now historically long duration. Even after the expiry of today's deadline (May 20, 2019) it is therefore still not clear whether 1&1 Drillisch will acquire spectrum in the 5G spectrum auction.
As announced on May 7, 2019 by the company for this case, the Management Board and Supervisory Board of United Internet have today resolved to propose to the Annual Shareholders' Meeting a dividend in the amount of 0.05 EUR per share. The objective of this precautionary measure is to ensure that the necessary additional investments can be made if 1&1 Drillisch will successfully acquire spectrum by the end of the 5G spectrum auction. The proposed dividend is based on the minimum dividend as prescribed by Section 254 (1) of the German Stock Corporation Act (AktG). On the basis of 200.3 million shares with dividend entitlement (as of December 31, 2018), the total dividend payment for the fiscal year 2018 would amount to 10.01 million EUR.
Contact partner
United Internet AG
Mathias Brandes
Phone +49 2602 96-1616
presse@united-internet.de
20-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
United Internet AG
Elgendorfer Straße 57
56410 Montabaur
Germany
Phone:
+49 (0)2602 / 96 - 1100
Fax:
+49 (0)2602 / 96 - 1013
E-mail:
info@united-internet.de
Internet:
www.united-internet.de
ISIN:
DE0005089031
WKN:
508903
Indices:
MDAX, TecDAX
Listed:
Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
United Internet AG is a Germany-based Internet service provider (ISP) and holding company of the United Internet Group. The Company's products and technical services are divided into two key segments. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications. The Applications segment includes such applications as home pages, e-shops, Personal Information Management applications, group work, online storage and office software. The Application segment also includes the operations of the Companyâs brands Sedo and affilinet, which serve customers performance-based advertising and sales possibilities. The Companyâs brand portfolio also includes GMX, WEB.DE, 1&1, united-domains, Fasthosts and InterNetX. In addition, the Company develops Internet based applications, such as cloud applications. The Company acts primarily via its wholly owned subsidiary 1&1 Internet AG, and Sedo Holding AG, in which it holds a majority stake.