Corporate | 11 June 2015 22:18
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Hamburger Hafen und Logistik AG / Key word(s): AGM/EGM
Hamburg, 11 June 2015
Annual General Meeting 2015
The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) today resolved to distribute a dividend of EUR 0.52 per listed Class A share. This corresponds to a dividend payout ratio of 69.7 percent. The Executive and Supervisory Boards’ dividend proposal was ratified by 99.97 percent of the votes cast. In his speech at the Annual General Meeting, Klaus-Dieter Peters – Chairman of HHLA’s Executive Board – emphasised that: “2014 was a successful year for HHLA. We were able to improve both our revenue and our operating result considerably. We set a new record for container throughput at the Port of Hamburg and saw very pleasing growth in container transport by our intermodal companies. This is all the more remarkable given that we once again faced a challenging operating environment. These results also confirm our vertical growth strategy, which benefits both our intermodal companies and quayside container handling.” The shareholders endorsed the Executive and Supervisory Boards’ proposal and today agreed to a dividend of EUR 0.52 per listed Class A share for the 2014 financial year. The dividend for the Port Logistics subgroup is therefore EUR 0.07 higher than the previous year’s figure of EUR 0.45 per Class A share. This represents an increase of approximately 16 percent. The dividend payout ratio is equivalent to 69.7 percent of the net profit for the year after minority interests. Distributing a large proportion – between 50 and 70 percent – of the Group’s distributable net profit to shareholders remains a cornerstone of the company’s dividend policy. HHLA is distributing a total of EUR 36.4 million to holders of its dividend-entitled Class A shares. The Annual General Meeting also resolved to distribute EUR 1.50 per Class S share for the unlisted Real Estate subgroup. This is equivalent to a dividend payout ratio of 60.9 percent and a total of EUR 4.1 million – an increase of approximately 20 percent on the previous year. All of the Class S shares are held by the Free and Hanseatic City of Hamburg. It will receive a total of almost EUR 30 million in dividends for its Class A shares and its unlisted Class S shares. The shareholders formally approved the actions of both the HHLA Executive Board and the Supervisory Board during the 2014 financial year by 99.77 percent and by 98.97 percent of the votes cast respectively. Over 900 shareholders and guests attended the Annual General Meeting of Hamburger Hafen und Logistik AG on 11 June 2015 at CCH Congress Center, Hamburg. 82.5 percent of the share capital was represented (previous year: 82.3 percent). The voting results of the Annual General Meeting, the speech by the Chairman of the Executive Board, Klaus-Dieter Peters, and the accompanying presentation are available on the HHLA website in the Investor Relations section under Annual General Meeting (www.hhla.de/en/investor-relations/ann-general-meeting). Contact: Heiko Hoffmann Investor Relations HAMBURGER HAFEN UND LOGISTIK AG Bei St. Annen 1, D-20457 Hamburg, www.hhla.de Tel: +49-40-3088-3397 Fax: +49-40-3088-55-3397 E-mail: investor-relations@hhla.de 2015-06-11 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. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Hamburger Hafen und Logistik AG | |
| Bei St. Annen 1 | ||
| 20457 Hamburg | ||
| Germany | ||
| Phone: | +49 (0)40-3088-0 | |
| Fax: | +49 (0)40-3088-3355 | |
| E-mail: | info@hhla.de | |
| Internet: | www.hhla.de | |
| ISIN: | DE000A0S8488 | |
| WKN: | A0S848 | |
| Indices: | SDAX | |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart | |
| End of News | DGAP News-Service |
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| 367681 2015-06-11 |