Elmos Semiconductor AG: 30% dividend increase
Annual General Meeting approves all proposals on agenda by large majority
Dortmund, Germany, May 15, 2019: Elmos Semiconductor AG held its 20th Annual General Meeting today. The shareholders in attendance approved a dividend increase to 0.52 Euro per share (previously 0.40 Euro) by a great majority, with 99% of the shareholders agreeing to the proposal. The other proposals on the agenda were also approved by a large margin.
In his speech to shareholders, CEO Dr. Anton Mindl presented a selection of dynamically growing product segments at Elmos, as well as a video offering a look at the company's headquarters in Dortmund. One of the highlights of the video was the test area, which was significantly expanded in late 2018. All told, more than 7,000 square meters of space are now available in Dortmund for producing and testing semiconductors.
In addition to presenting the most recent financial figures, Mindl also confirmed the guidance for the current year.
The dividend will be paid on May 20, 2019.
About Elmos Semiconductor AG Elmos develops, produces and markets semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making mobility worldwide safer, more comfortable and more energy efficient.
Notice This release contains forward-looking statements that are based on assumptions and estimates made by the Elmos management. Even though we assume the underlying expectations of the forward-looking statements to be realistic, we cannot guarantee the expectations will prove right. The assumptions may carry risks and uncertainties, and as a result actual events may differ materially from the forward-looking statements. Among the factors that could cause such differences are changes in general economic and business conditions, fluctuations of exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products, and changes in business strategy. Elmos neither intends nor assumes any obligation to update its statements with respect to future events.Contact Elmos Semiconductor AG Thalea Blunk, Head of Investor Relations, Fon: +49231?7549?273 Mathias Kukla, Press Relations, Fon: +49231?7549?199 Email: firstname.lastname@example.org
15.05.2019 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Elmos Semiconductor AG Heinrich-Hertz-Str. 1 44227 Dortmund
Germany Phone: +49 (0)231 7549-510 Fax: +49 (0)231 7549-111 E-mail: email@example.com Internet: http://www.elmos.com ISIN: DE0005677108 WKN: 567710 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 811733 End of News DGAP News Service