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PRESS RELEASE: GRENKE AG: Annual General Meeting of GRENKE AG increases dividend by 14%

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DGAP-News: GRENKE AG / Key word(s): AGM/EGM
GRENKE AG: Annual General Meeting of GRENKE AG increases dividend by 14%

2019-05-14 / 17:24
The issuer is solely responsible for the content of this announcement.

*Annual General Meeting of GRENKE AG increases dividend by 14%*

- 78.16% of share capital represented at meeting
- All Agenda Items adopted by a large majority
- Dividend for the 2018 fiscal year increases from EUR 0.70 to EUR 0.80 per
share
- A total of four Supervisory Board members elected

Baden-Baden, May 14, 2019: This year's Annual General Meeting of GRENKE AG
was centred around the Company's successful performance in the 2018 fiscal
year. The shareholders present adopted all Agenda Items up for resolution by
a large majority. They also approved the appropriation of profits. Based on
the resolution of the Annual General Meeting to increase the dividend from
EUR 0.70 in the previous year to EUR 0.80 per share, the Company adhered to
its dividend continuity of the past years by increasing the dividend for the
ninth consecutive year. The remaining unappropriated surplus will again be
carried forward and provides the Company with additional equity to support
its further growth.

The members of the Board of Directors and Supervisory Board were discharged
for the 2018 fiscal year. KPMG AG Wirtschaftsprüfungsgesellschaft was
appointed as the auditor for the current fiscal year.

The end of the Annual General Meeting also marked the end of the terms of
office of Supervisory Board members Tanja Dreilich, Dr Ljiljana Mitic,
Florian Schulte and Erwin Staudt. Mr Staudt and Ms Dreilich retired from the
Board. The Annual General Meeting sincerely thanked Ms Dreilich and Mr
Staudt while electing Ms Claudia Krcmar and Mr Heinz Panter as new members
to the Supervisory Board. Ms Dr Ljiljana Mitic and Mr Florian Schulte were
re-elected to the Board.

The shareholders also approved the adjustment of the Supervisory Board's
remuneration system and the related amendment to the Articles of
Association. In addition, they granted authorisation to issue bonds with
warrants and/or convertible bonds, exclude subscription rights, create new
conditional capital (Conditional Capital 2019) and the corresponding
amendment to the Articles of Association.

In her speech to the shareholders and guests, Antje Leminsky, Chair of the
Board of Directors, underscored the achievements during the past fiscal
year, which was once again marked by new records in both new business and
net profit. She also provided an overall very optimistic outlook for the
current year. "Against the backdrop of the successful 2018 fiscal year, we
expect new business in the Leasing segment to grow by 14% to 19% and in the
Factoring segment by around 25%. Based on the favourable performance in the
first quarter of 2019, we are on solid footing to reach these targets. We
will continue to pursue our dedicated growth strategy by sustaining our
strong advances in new business and net profit and through further cell
divisions.

Around 400 shareholders attended this year's Annual General Meeting. The
shareholder presence at the time of voting was at 78.16 %.

The Company invited several pupils to its Annual General Meeting including
the winners of Sparkasse Baden-Baden-Gaggenau's stock exchange planning game
and pupils from the Markgraf-Ludwig High School, Baden-Baden, as part of the
existing campaign under the motto "Business Provides Education".

The Board of Directors

For further information, please contact:

GRENKE AG
Investor Relations
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-204
Email: investor@grenke.de
Internet: www.grenke-group.com [1]

*About GRENKE*

The GRENKE Group (GRENKE) is a global financing partner for small and
medium-sized companies. As a one-stop shop for customers, GRENKE's products
range from flexible small-ticket leasing and demand-driven bank products to
convenient factoring. Fast and easy processing and personal contact with
customers and partners are at the centre of GRENKE's activities.

Founded in 1978 in Baden-Baden, the Company operates in 32 countries and
employs more than 1,500 staff worldwide. GRENKE shares are listed in the
SDAX on the Frankfurt Stock Exchange (ISIN DE000A161N30).

Further information about GRENKE and its products is available at
www.grenke-group.com [1]

2019-05-14 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: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: investor@grenke.de
Internet: www.grenke.de
ISIN: DE000A161N30
WKN: A161N3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 811197

End of News DGAP News Service

811197 2019-05-14


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7d14ffce5486d5edae29367848c2ab55&application_id=811197&site_id=vwd&application_name=news


(END) Dow Jones Newswires

May 14, 2019 11:24 ET ( 15:24 GMT)
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