Lloyd Fonds Aktiengesellschaft, DE000A12UP29

Lloyd Fonds Aktiengesellschaft, DE000A12UP29

24.05.2017 - 17:20:00

Lloyd Fonds Aktiengesellschaft: Shareholders approve dividend of 16 Cent per share at the annual general meeting; Dr. Stefan Rindfleisch new chairman of the Supervisory Board.

Shareholders approve dividend of 16 Cent per share at the annual general meeting; Dr. Stefan Rindfleisch new chairman of the Supervisory Board. At this year's annual general meeting, the shareholders of Lloyd Fonds AG approved (99,7 percent) the proposal put forward by the Supervisory Board and the Management Board to distribute a dividend of EUR 0.16 per share for 2016 (previous year: EUR 0.07). This resolution was based on the net profit for 2016 of EUR 3.3 million determined in accordance with the German Commercial Code for the year ending December 31, 2016. This translates into an unappropriated surplus of EUR 3.9 million under the German Commercial Code. Net profit calculated in accordance with IFRS stands at EUR 3.2 million.

On the basis of the dividend-entitled share capital of EUR 9.2 million, the total payout stands at EUR 1.5 million. This is equivalent to a dividend return of around 5.3 percent for the shareholders (closing price on March 20, 2017: EUR 3.04). Consequently, around 45 percent of the unappropriated surplus under the German Commercial Code is being paid out.

The balance of EUR 1.8 million is being carried forward, meaning that Lloyd Fonds AG has an unappropriated surplus of a total of EUR 2.4 million after the dividend distribution. "We are pleased to be able to pay out a good dividend to our shareholders for the second consecutive year and will be doing everything in our power to continue this dividend policy in the future," says Dr. Torsten Teichert, CEO of Lloyd Fonds AG.  

Dr. Stefan Rindfleisch elected new chairman of the Supervisory Board At the annual general meeting, the shareholders elected Dr. Stefan Rindfleisch to the Supervisory Board for the first time (99,9 percent). In the ensuing meeting of the Supervisory Board, he was elected chairman to take over from Prof. Dr. Eckart Kottkamp. Rindfleisch, an attorney from Hamburg, has a proven track record in shipping. In particular, he specializes in maritime finance and has been involved in numerous national and international fleet finance transactions, syndication and restructuring as well as container finance.  

Profit transfer agreement and authorized capital approved The shareholders approved a profit transfer agreement between Lloyd Shipping GmbH and the parent company Lloyd Fonds AG (99,9 percent). Under this agreement, the profit generated by Lloyd Shipping GmbH will be taxed at the level of Lloyd Fonds AG in the future. In this way, it will be possible to utilize the unused tax losses arising in the past to lower the group's tax rate.

In addition, the shareholders approved the creation of authorized capital up to EUR 4,6 million (98,7 percent). With the increase for the company's share capital to be increased to up to EUR 4.6 million will heighten the company's flexibility and create additional scope for action in the shareholders' best interests.

Contact: Susanne Maack Capital Markets / PR Lloyd Fonds AG Amelungstraße 8-10 20354 Hamburg Tel: +49-40-325678-132 Fax: +49-40-325678-99 Mail: ir@lloydfonds.de

24.05.2017 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: Lloyd Fonds Aktiengesellschaft Amelungstr. 8-10 20354 Hamburg

Germany Phone: +49 (0)40 32 56 78-0 Fax: +49 (0)40 32 56 78-99 E-mail: info@lloydfonds.de Internet: www.lloydfonds.de ISIN: DE000A12UP29 WKN: A12UP2 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt   End of News DGAP News Service

577425  24.05.2017 

@ dgap.de

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