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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
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
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.
Jutta Funck Tel.: +49 (0) 62 21-3 08-3 30 Fax: +49 (0) 62 21-3
08-2 58 Email: firstname.lastname@example.org
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