Ad-hoc | 7 April 2000 07:14
Ad hoc-Service: MLP AG
MLP AG / english
Ad-hoc announcement sent by DGAP.
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MLP: Group profit for 1999 improved significantly;
increase in dividend payouts for the eleventh year
in succession
Heidelberg, 6th April 2000 – The Supervisory Board
of MLP AG, Heidelberg, has approved the group financial
statements and the year-end statements for 1999.
Group profit for the year 1999 rose by about 69 percent
from 23.7 million Euros to 40.3 million Euros.
MLP AG was able to increase the profit for the year
by 45 percent from 25.4 million Euros to 38.9 million Euros.
MLP AG is planning to increase the dividend payouts for
the eleventh year in succession. As the company announced
following the meeting of the Supervisory Board, the Board
of Directors as well as the Supervisory Board will propose
an increased dividend payout of 0.30 Euros for each ordinary
and preference share to the Annual General Meeting on
May 15th 2000. The dividend payout per ordinary share hence
amounts to 1.18 Euros and 1.20 Euros per preference share.
The total dividend payouts will increase from
17.7 to DM 23.6 million. This represents a plus
of some 33 percent.
With these figures MLP can continue with its course
of high dividend payouts. MLP CEO Dr. Bernhard Termühlen:
“It has long been our policy to involve the shareholders
in the company’s success to a high level. The shareholders
will benefit in two ways with the undiminished
high MLP growth: the price of the preference share has increased
by some 86 percent within the past year, the dividend payouts
have also risen again. We will do everything to ensure that
this is also the case in the future.”
He added, the company sees itself in the best sense as
“shareholder friendly”. This will also be self-evident
in the future for MLP.
As already announced the proposal will also be made to
the Annual General Meeting to increase the nominal capital
from the current figure of 19.8 to 79.2 million Euros
by converting a portion of the capital reserves.
The share capital amounting to 59.4 million Euros will be
increased to 79.2 million Euros. As a result,
the number of ordinary shares and preference shares
will rise to 39.6 million each. For each existing share,
current shareholders will receive three new shares which
will be issued as bonus shares.
“This step will improve the marketability of our share,
make it more tradable and increase its trading volume,”
commented Termühlen.
Background information:
MLP is leading in Europe in the Private Finance sector
for sophisticated private clients. MLP has two unique
selling points with the integration of different kinds
of financial services from insurance to banking as well as
the combination of highly qualified personal advice with
e-brokerage in the Internet. More than 1,600
MLP Financial Consultans in over 160 branch offices look
after more than 304,000 private clients.
At the end of March 2000, MLP was the 20th company in terms
of market capitalisation, and in position 33 for volume
of trading among all listed stocks. With such results MLP now
definitely fulfills the criteria set by the Deutsche Börse AG
for inclusion in the Dax 30.
Contact:
Jutta Funck
Tel.: +49 (0) 62 21-3 08-3 30
Fax: +49 (0) 62 21-3 08-2 58
Email: jutta.funck@mlp-ag.com
End of Message