Dividends
A-TEC Industries’ dividend policy is to provide shareholders with consistent, stable returns: the aim is to distribute 25–30% of consolidated net profit.
Distributions of profits are only permitted if the Company's equity ratio according to its annual financial statements is at least 20% thereafter. In the event that the payment of a dividend results in the threshold being undershot the creditors of the 2005-2010 bond are entitled to terminate the agreement.
The AGM on June 27, 2008 decided that the entire profit for 2007 be carried forward to new account in order to strengthen the Company’s equity base and help finance its expansion goals.
With the approval of the Annual General Meeting of 7 May 2007, EUR 3.– per share will be distributed for financial 2006, a dividend of roughly 25%.
Print