Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Freenet AG
  6. News
  7. Summary
    FNTN   DE000A0Z2ZZ5

FREENET AG

(FNTN)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/23 03:59:58 pm
20.225 EUR   +1.61%
07/22DGAP-CMS : freenet AG: Release of a capital market information
DJ
07/19FREENET : Warburg Research gives a Buy rating
MD
07/19FREENET : Receives a Buy rating from Hauck & Aufhauser
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE: freenet AG: Annual General Meeting approves dividend of 1.50 euros per share and special dividend of 0.15 euros per share for financial year 2020

06/18/2021 | 08:26am EDT
DGAP-News: freenet AG / Key word(s): AGM/EGM 
freenet AG: Annual General Meeting approves dividend of 1.50 euros per share and special dividend of 0.15 euros per 
share for financial year 2020 
2021-06-18 / 14:24 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
freenet AG: Annual General Meeting approves dividend of 1.50 euros per share and special dividend of 0.15 euros per 
share for financial year 2020 
- AGM approves distribution of a dividend of 1.50 euros and a special dividend of 0.15 euros per eligible non-par-value 
share 
- Discharge of Executive Board and Supervisory Board 
- No majority for the proposed Executive Board remuneration system 
- Other agenda items adopted 
Büdelsdorf, 18 June 2021 - At the Annual General Meeting (AGM), the shareholders of freenet AG [ISIN DE000A0Z2ZZ5] 
followed the proposal of the Management Board and Supervisory Board and resolved with a majority of 99.50 percent to 
pay a dividend of 1.50 euros for the 2020 financial year (previous year: 0.04 euros per share) and a special dividend 
of 0.15 euros per eligible no-par-value share. The dividend payment thus amounts to a total of 203.7 million euros 
(previous year: 5.1 million euros). A total of 35.18 percent (initial presence including postal votes) of freenet AG's 
registered share capital was represented at the Company's virtual AGM. 
The distribution of a special dividend of 0.15 euros per eligible no-par-value share resolved today by the AGM, 
together with the already completed 2020 share buy-back program and the 2021 share buy-back program still running until 
the end of the year, represents a retrospective catch-up on the dividend suspended in the past financial year. In 
spring 2020, freenet AG had only distributed the legally required minimum dividend of 0.04 euros per share to its 
shareholders due to the great uncertainty surrounding the effects of the Corona pandemic. At this year's AGM, the 
Executive Board reconfirmed its sustainable dividend policy, which provides for an annual distribution of 80 percent of 
the free cash flow in the following financial years. 
The resolutions on the discharge of the members of the Executive Board and the Supervisory Board for the 2020 financial 
year were approved by a majority of the shareholders. The approval rates for the members of the Executive Board ranged 
from 95.36 to 95.46 percent; the members of the Supervisory Board were discharged with approval rates between 80.51 and 
94.76 percent. In the vote on the approval of the Executive Board remuneration system, the required majority was not 
reached. Overall, 65.58 percent of the share capital represented voted against the draft resolved by the Supervisory 
Board. All other agenda items were adopted by a large majority of shareholders. 
Prof. Dr. Helmut Thoma, Chairman of the Supervisory Board of freenet AG, on the results: 
"We are pleased that this year we are again able to let our shareholders participate in the success of our company and 
can compensate them for the dividend suspended in the past financial year. On behalf of the entire Executive and 
Supervisory Board, I would like to express my gratitude for the trust placed in us. 
Nevertheless, we take the shareholders' vote against the proposed Executive Board remuneration system seriously and 
will take our shareholders' concerns into account when revising the draft. We will submit an adjusted proposal to the 
shareholders of freenet AG for a vote at the next AGM in 2022 at the latest." 
Further information on the 2021 AGM with the detailed voting results will be available shortly at www.freenet-group.de/ 
investor/annual-general-meeting. 
Contact: 
freenet Group 
Investor Relations & ESG 
Tel.: +49 (0)40/ 513 06 778 
E-Mail: ir@freenet.ag 
https://www.freenet-group.de/en/ 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-18 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:      freenet AG 
              Hollerstrasse 126 
              24782 Buedelsdorf 
              Germany 
Phone:        +49 (0)40 51306-778 
Fax:          +49 (0)40 51306-970 
E-mail:       ir@freenet.ag 
Internet:     www.freenet-group.de 
ISIN:         DE000A0Z2ZZ5, DE000A1KQXU0 
WKN:          A0Z2ZZ , A1KQXU 
Indices:      MDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1209745 
 
End of News   DGAP News Service 
=------------ 

1209745 2021-06-18

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1209745&application_name=news 
 

(END) Dow Jones Newswires

June 18, 2021 08:25 ET (12:25 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.68% 35061.55 Delayed Quote.13.69%
FREENET AG 1.83% 20.27 Delayed Quote.15.76%
MDAX 0.92% 35163.22 Delayed Quote.13.14%
TECDAX 0.54% 3668.39 Delayed Quote.13.56%
All news about FREENET AG
07/22DGAP-CMS : freenet AG: Release of a capital market information
DJ
07/19FREENET : Warburg Research gives a Buy rating
MD
07/19FREENET : Receives a Buy rating from Hauck & Aufhauser
MD
07/15DGAP-CMS : freenet AG: Release of a capital market information
DJ
07/13DGAP-AFR : freenet AG: Preliminary announcement of the publication of financial ..
DJ
07/12FREENET : UBS remains Neutral
MD
07/08DGAP-CMS : freenet AG: Release of a capital market information
DJ
07/01FREENET AG : Release of a capital market information
EQ
06/24FREENET AG : Release of a capital market information
EQ
06/24DGAP-CMS : freenet AG: Release of a capital market information
DJ
More news
Financials
Sales 2021 2 574 M 3 029 M 3 029 M
Net income 2021 219 M 258 M 258 M
Net Debt 2021 877 M 1 032 M 1 032 M
P/E ratio 2021 11,4x
Yield 2021 7,39%
Capitalization 2 540 M 2 988 M 2 989 M
EV / Sales 2021 1,33x
EV / Sales 2022 1,30x
Nbr of Employees 3 909
Free-Float 97,7%
Chart FREENET AG
Duration : Period :
freenet AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FREENET AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 20,27 €
Average target price 21,68 €
Spread / Average Target 6,95%
EPS Revisions
Managers and Directors
Christoph Vilanek Chief Executive Officer
Ingo Arnold Chief Financial Officer
Helmut Thoma Chairman-Supervisory Board
Stephan A. Esch Chief Technical Officer
Thorsten Kraemer Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
FREENET AG15.76%2 998
VERIZON COMMUNICATIONS-4.77%233 417
CHARTER COMMUNICATIONS, INC.8.60%136 083
CHINA MOBILE LIMITED13.35%130 586
DEUTSCHE TELEKOM AG18.15%101 282
NIPPON TELEGRAPH AND TELEPHONE CORPORATION7.41%94 734