GESCO : Annual General Meeting raises dividend by 50 % and changes financial year
August 29, 2019 at 09:50 am EDT
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DGAP-News: Gesco AG / Key word(s): AGM/EGM/Dividend
GESCO Annual General Meeting raises dividend by 50 % and changes financial year
29.08.2019 / 15:46
The issuer is solely responsible for the content of this announcement.
Wuppertal, 29 August 2019 - Today's Annual General Meeting of GESCO AG, a Prime Standard-listed company, voted to raise the dividend significantly. For financial year 2018/2019, the company plans to pay out a dividend of EUR 0.90 per share, an increase of 50 % compared to last year's dividend of EUR 0.60.
In addition to the regular proposals for resolutions, the Annual General Meeting also voted to change GESCO AG's financial year. Since the company's founding, the financial year of GESCO AG has run from 1 April to 31 March of the following year, whereas the financial years of the subsidiaries have coincided with the calendar year. The financial year of GESCO AG will be adjusted to match the calendar year so as to synchronise the entities' financial years, resulting in an abbreviated financial year from 1 April to 31 December 2019 for the current financial year, which began on 1 April 2019.
All points on the agenda were approved by a large majority.
About GESCO
GESCO AG is an industrial group made up of market and technology leading companies in the capital goods industry. Its focus is on production process technology, resource technology, healthcare and infrastructure technology and mobility technology. As a stock company listed in the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of hidden champions among Germany's industrial SMEs.
29.08.2019 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.
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Language:
English
Company:
Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone:
+49 (0)202 248200
Fax:
+49 (0)202 2482049
E-mail:
info@gesco.de
Internet:
www.gesco.de
ISIN:
DE000A1K0201
WKN:
A1K020
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Gesco AG is a Germany-based investment company that acquires industrial small and medium-sized enterprises (SMEs). The Company focuses on production process technology, resource technology, health, and infrastructure technology, as well as mobility technology, and operates as a long-term investor. It manages takeovers both through management buyouts (MBOs) and management buy-ins (MBI), and through group spin-offs. It offers machines, production facilities, tools, components, and services from steelmaking to 3Dimension (3D) printing, from medical technology to special purpose mechanical engineering. The Company operates in Germany and its subsidiaries include, among others, Astroplast Kunststofftechnick Gmbh & Co KG, Franz Funke Zerspanungstechnik GmbH & Co KG, Doemer GmbH & Co KG Stanz- und Umformtechnologie, Doerrenberg Edelstahl GmbH, MAE Group, SVT GmbH, Frank Group and Setter Group.
GESCO SE 
