elexis AG / AGM/EGM/Dividend
20.05.2009
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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elexis press announcement on the resolutions of the general meeting of
shareholders of May 20, 2009
+++ Shareholders of elexis AG resolve a dividend of euro 0.48 per share
+++ elexis-Group implements comprehensive cost reduction programme
+++ Innovation offensive is being continued
Wenden, May 20, 2009 - At the ordinary general meeting of shareholders of
May 20, 2009 the shareholders of elexis AG resolved all the items on the
agenda with a large majority. The elexis business model is attenuating the
effects of the current general economic conditions and forms the foundation
for future profitability. Apart from cost reduction programmes elexis is
focussing with further product innovations on the major trends in demand.
Dividend
The shareholders resolved to distribute a dividend of euro 0.48 per share
for the past fiscal year. They thus followed the proposal of the Management
Board and the Supervisory Board. The dividend payment amounts to a total of
euro 4.4 million. As in the prior years the distribution ratio amounts to
one third of the net income earned by the Group after deduction of minority
interests.
Repurchase of own shares
Furthermore, the shareholders authorised the Company to repurchase up to
10% of its own share capital. This authorisation is valid until November
19, 2010. The share capital of elexis AG currently amounts to euro 23.5
million. An unchanged amount of 9.2 million shares is in circulation. The
corresponding authorisation of the prior year, which was valid up to
November 20, 2009, was cancelled. The Management Board was authorised to
use acquired shares also within the context of corporate mergers or for the
acquisition of companies and parts of companies. This authorisation is
subject of the approval of the Supervisory Board.
Supervisory Board and Management Board
The ordinary general meeting of shareholders of elexis AG granted discharge
to all members of the Management Board and the Supervisory Board for the
fiscal year 2008.
Appointment of the auditors
PricewaterhouseCoopers, Frankfurt am Main, were reappointed as auditors for
the fiscal year 2009.
All other items on the agenda were also approved with a large majority.
Continuity of the work of the Management Board
The Supervisory Board expressed its trust in the Management Board and
intends to prolong until 2015 the cooperation with the members of the
Management Board currently in office shortly after the general meeting of
shareholders.
Outlook 2009
The bottom of the current economic development has not yet been reached.
The elexis Group is reacting with cost reduction programmes and an
innovation offensive. The profit break-even point in relation to sales is
being reduced substantially through personnel measures and further cost
optimisations. The product range is being extended by new innovative
products. These are based on the major trends of global demand and result
in a sustainable improvement in efficiency and quality for our customers.
In this respect the return on investment should possibly be attained in
less than twelve months. Products which are not older than four years
contribute already today approximately 50% to the sales of the elexis
Group. The elexis business model, consisting of cost leadership, technology
leadership, diversification and market leadership, forms the basis of the
profitability. This is reflected by an equity ratio of currently more than
50% as well as net liquidity of more than euro 15 million. With this elexis
is entering the future in a strengthened condition.
The speech of the Management Board at the general meeting of shareholders
(German version) is available for access under www.elexis.de.
The shares of elexis AG (ISIN: DE 000 508 500 5) are listed in the Prime
Standard at the Frankfurt Stock Exchange. elexis AG is one of the companies
included in the SDAX.
Please address enquiries to:
Gabriele Bornemann
Manager Investor Relations
elexis AG
Industriestrasse 1
D-57482 Wenden
Tel.: +49 (0) 2762 / 612 - 136
Fax: +49 (0) 2762 / 612 - 135
Email: info@elexis.de
DGAP 20.05.2009
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Language: English
Issuer: elexis AG
Industriestraße 1
57482 Wenden
Deutschland
Phone: +49 (0)2762 612 - 130
Fax: +49 (0)2762 612 - 135
E-mail: eicke@elexis.de
Internet: www.elexis.de
ISIN: DE0005085005
WKN: 508500
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-News: elexis AG:Annual General Meeting 20. Mai 2009
| Source: EQS Group AG