MLP Finanzdienstleistungen AG

ots Ad hoc-Service: MLP AG Group profit for 1999 improved significantly
increase in dividend payouts for the eleventh year in succession

The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Heidelberg (ots Ad hoc-Service) - 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: End ----------------------------------------------------- Internet: Original-Content von: MLP Finanzdienstleistungen AG, übermittelt durch news aktuell

Themen in dieser Meldung

Das könnte Sie auch interessieren: