HOMAG Group AG plans to distribute dividend of EUR 0.30 per share / Ad hoc announcement
Homag Group AG / Dividend
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
Schopfloch, March 30, 2009. At its meeting today to ratify the Company's annual financial statements, the supervisory board of HOMAG Group AG approved a resolution of the management board to propose a dividend of EUR 0.30 per share at the annual general meeting on May 27, 2009 (dividend for 2007: EUR 0.90).
The management board explained that this dividend proposal strikes a balance between an appropriate dividend without, however, losing sight of the current difficult market environment and the need to secure sufficient liquidity to allow room for maneuver in the event of acquisition opportunities.
Information and Explaination of the Issuer to this News:
With its 16 production companies worldwide, 21 group-owned sales andservice companies and approximately 60 exclusive sales partners, HOMAGGroup AG's market position is excellent and its portfolio as acomprehensive system supplier and technology partner makes it unique.Backed by a workforce of more than 5,300 employees, the Company sees itselfas the leading global manufacturer for plant and machinery for thewoodworking industry for the production of furniture and constructionelements as well as prefabricated houses. The group also offers itscustomers a wide range of services in related areas for production machinesand equipment. HOMAG Group AG shares have been trading on the PrimeStandard of the Frankfurt Stock Exchange since July 13, 2007 and werelisted on the SDAX of the German Stock Exchange on October 2007.
This ad hoc announcement contains certain statements relating to the future. Future-oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as "believes”, "estimates”, "assumes”, "forecasts”, "intend”, "may”, "will”, "should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this announcement, it cannot be guaranteed that the same will hold true in the future.
HOMAG Group AG
Tel.: +49 7443 13-2034
30.03.2009 Financial News transmitted by DGAP
Issuer: Homag Group AG, Homagstr. 3-5, 72296 Schopfloch, Deutschland
Phone: +49 (0)7443 / 13 – 0
Fax: +49 (0)7443 / 13 – 2300
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf
We are here for you!
Stiles Machinery Sales616-698-7500 firstname.lastname@example.org www.stilesmachinery.com
Stiles Machinery Service616-698-6615 email@example.com Contact form