Corporate | 8 September 2014 09:00
DGAP-News: Weng Fine Art AG / Key word(s): AGM/EGM/Miscellaneous
08.09.2014 / 09:00
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PRESS RELEASE | 8 SEPTEMBER 2014
Weng Fine Art AG prepares for a holding structure in its Annual General
Meeting
The Annual General Meeting of Weng Fine Art AG (WFA), which took place in
Krefeld on September 1, has paved the way for the implementation of a
holding structure. The corresponding revisions of the Articles of
Association were adopted with a quorum of 99.99%. In front of about 150
attending shareholders and guests, WFA CEO and founder Rüdiger K. Weng
clarified the future strategy of the company listed on the Frankfurt Stock
Exchange: "Our focus is now on organic growth in the areas of B2B trade,
e-commerce and services - complemented by attractive strategic investments
".
All the other resolutions proposed by the administration were adopted
unanimously or with 99.99% of the votes cast - including the discharge of
the Executive and Supervisory Board, the appointment of the auditors, and
the conversion of the financial year. 2015 will be a short fiscal year -
from 1 February to end of the year in 2015 - with the 2016 fiscal year then
corresponding to the calendar year. In addition, new supervisory board
elections were held, with the current members Heribert Reiners (Chairman),
Christian W. Röhl (Deputy Chairman) and Wim Zwitserloot reelected for two
more years in office. Furthermore, the Insurance Manager Dr. Dietrich von
Frank was unanimously elected as a substitute member of the Supervisory
Board.
The Annual General Meeting decided, in accordance with the management's
proposal, to pay a dividend of EUR 0.11 per share by the custodian banks on
September 3rd 2014. The dividend for the fiscal year increased again - up
10 percent over the previous year.
ABOUT WENG FINE ART AG
Weng Fine Art AG (www.wengfineart.com), headquartered in Krefeld and with
subsidiaries in Switzerland, is a leading international art trading and
consulting company. The founder-led company combines long-standing
expertise in the art market with business know-how. Other success factors
are the large inventory focused on artworks of the 20th and 21st
centuries, as well as access to attractive financing. On this basis, WFA
continuously builds its operational activity and regional presence, and
addresses new segments in the art market such as art e-Commerce. Weng Fine
Art AG is listed on the Entry Standard of the Frankfurt Stock Exchange.
INVESTOR RELATIONS CONTACT
Weng Fine Art AG
c/o edicto GmbH, Axel Mühlhaus
Eschersheimer Landstr. 42 | 60322 Frankfurt a.M.
Telefon +49 (0)69 905505-52 | Telefax +49 (0)69 905505-77
E-mail amuehlhaus@edicto.de
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Language: English
Company: Weng Fine Art AG
Kimplerstraße 294
47807 Krefeld
Germany
Phone: 02151 937130
Fax: 02151 93713-29
E-mail: art@wengfineart.com
Internet: www.wengfineart.com
ISIN: DE0005181606
WKN: 518160
Listed: Freiverkehr in Berlin; Frankfurt in Open Market (Entry
Standard)
End of News DGAP News-Service
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