New Work SE
XING AG: XING AG Executive Board proposes dividend increase and payment of a special dividend
XING AG / Key word(s): Dividend 24.02.2014 19:44 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, 24 February 2014 - The Executive Board of Hamburg-based XING AG (ISIN DE000XNG8888) today decided to put forward a proposal to the Supervisory Board to increase the basic dividend from EUR 0.56 per share to EUR 0.62 per share in light of the Company's preliminary unaudited figures for the 2013 fiscal year. The Executive Board also decided to pay a special dividend of EUR 3.58 per share. XING's liquid assets of EUR 66 million as of the end of 2013 and its cash-generative business model enable it to pay out a special dividend without any change to its continued growth strategy. After confirmation of the audited consolidated financial statements, the profit appropriation proposal is to be presented to the Annual General Meeting for resolution on the appropriation of the net income. Subject to approval by the Supervisory Board and Shareholders at the Annual General Meeting to be held on 23 May 2014, the total dividend payment will amount to around EUR 23.4 million. 24.02.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: XING AG Dammtorstraße 29-32 20354 Hamburg Germany Phone: +49 (0)40 419 131-793 Fax: +49 (0)40 419 131-44 E-mail: investor-relations@xing.com Internet: www.xing.com ISIN: DE000XNG8888 WKN: XNG888 Indices: TecDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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