The Annual Shareholder’s Meeting of June 16, 2011 has decided, for the financial year 2010, a dividend of an amount of EUR 0.37 per common share.1)
In comparison to the year-end 2009, the number of shares entitled to a dividend at the year-end 2010 increased slightly due to the conversion of STADA warrants 2000/2015 by 58,876,360 shares; STADA also held at the end of the year 2010 100,706 shares not entitled to a dividend. This results in total dividend payments in the amount of EUR 21.7 million (previous year: EUR 32.3 million).
The distribution ratio thus amounts to approx. 32% of net income (previous year: approx. 32%).2)
The aim of the proposal is to allow shareholders to participate in net earnings, without placing too great a restriction on the Group’s financial flexibility for further growth.
Information on the Shareholders' Meeting
| 1) | See the Company’s ad hoc release of February 28, 2011. |
| 2) | Dividend ratio in terms of unappropriated retained earnings of STADA Arzneimittel AG approx. 90% (previous year: approx. 99%). |
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