Deutsche Beteiligungs AG: Supervisory Board and Board of Management to recommend dividend of 1.40 euros per share at Annual Meeting
Consolidated financial statements approved: Net income totals 34.1 million euros
Announcement consistent with § 15 WpHG (German Securities Trading Act)
Deutsche Beteiligungs AG, WKN 550 810
The Supervisory Board of Deutsche Beteiligungs AG today approved the 2009/2010 consolidated financial statements and adopted the 2009/2010 annual financial statements of Deutsche Beteiligungs AG. At the Annual Meeting, the recommendation will be put to shareholders to pay a dividend of 0.40 euros per share, in addition to a surplus dividend of 1.00 euros per share, or a total dividend of 1.40 per share. This represents a return on the opening net asset value per share at the onset of the 2009/2010 financial year of 7.5 percent. Thus, the total amount proposed for distribution is 19.1 million euros. In the previous year, a dividend of 0.40 euros per share and, on top, a surplus dividend of 0.60 euros were paid. The amount distributed totalled 13.7 million euros.
Deutsche Beteiligungs AG concluded the 2009/2010 financial year (1 November to 31 October) posting net income of 34.1 million euros (previous year: 19.6 million euros). Despite the dividend payment (1.00 euro per share) in March 2010, net asset value increased from 18.77 euros per share at the start of the year to 20.03 euros at 31 October 2010.