• Contact
• Locations
• German

The Supervisory Board of Dürr AG decided to propose an increase of the dividend

04/23/1998

Furthermore, the Supervisory Board of Dürr AG decided to propose to the share- holders at the Shareholders' Meeting to increase the expired and approved capital stock

As proposed by the Board of Management, the Supervisory Board of Dürr AG decided - in its meeting on April 22, 1998 - to propose an increase of the dividend from 1,20 DM to 1,50 DM per 5-DM share at this year's Shareholders' Meeting which will be held on July 1, 1998.

Furthermore, the Supervisory Board decided to propose to the shareholders at the Shareholders' Meeting to increase the expired and approved capital stock to 20 m DM, and to extend validity for a further 5 years, and also to authorize the Board of Management to spend the convertible bonds up to an amount of 20 m DM. Moreover, they should have the option of repurchasing shares up to an amount of 10 % of equity capital.