United Power Technology AG
United Power Technology AG: Annual General Meeting resolves dividend payment
DGAP-News: United Power Technology AG / Key word(s): Dividend/AGM/EGM 21.08.2014 / 17:00 --------------------------------------------------------------------- United Power Technology AG: Annual General Meeting resolves dividend payment Eschborn, Germany, August 21, 2014 - Yesterday, the Annual General Meeting of United Power Technology AG (United Power), one of the leading manufacturers of engine-driven power equipment in China, has resolved to pay a cash dividend of 0.08 Euros per share for the financial year 2013. Based on the closing price (XETRA) from August 20, 2014, the dividend yield amounts to 3.5%. Despite lower revenues in 2013 compared to the previous year, the Management Board and Supervisory Board had jointly decided to propose a dividend to the Annual General Meeting. The dividend is the first dividend payment of United Power since its initial public offering in 2011. The dividend policy going forward will seek an increase of dividends assuming medium to long-term profitable growth, taking the general economic conditions into account. Around 60 per cent of the voting-entitled capital was represented at United Power's Annual General Meeting. All resolutions of the agenda were passed with a majority of over 99%. "With the dividend payment we want our investors to benefit from the development of our company and also increase the trust of our shareholders in the reliability of United Power as an investment on the Frankfurt Stock Exchange", states Wu, CEO of United Power. About United Power Technology Group United Power Technology Group designs, develops, manufactures and sells engines and an extensive range of engine-driven power equipment, including generators, outdoor power equipment, as well as components. Its major products comprise residential as well as commercial generators, which are currently delivered to end users in around 70 countries around the world. The operational companies of United Power Technology Group are incorporated under the laws of the People's Republic of China and located in Fuzhou and Shanghai, China. For further requests please contact: Kirchhoff Consult AG Andreas Friedemann T: +49 40 60 91 86 0 F: +49 40 60 91 86 60 E-Mail: a.friedemann@kirchhoff.de or visit www.unitedpower.de.com Disclaimer concerning prognoses This communication contains forward-looking statements. Forward-looking statements are statements that are not historical facts instead they reflect United Power's current views and expectations and the assumptions underlying them about future events. Forward-looking statements are subject to many risks and uncertainties. If any of such risks and uncertainties materialise or if the assumptions underlying any of United Power's forward-looking statements are proving to be incorrect, United Power's actual results may be materially different from those expressed or implied by such forward-looking statements. United Power does not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. --------------------------------------------------------------------- 21.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: United Power Technology AG Mergenthalerallee 10-12 65760 Eschborn Germany Phone: +49 6196 400804 Fax: +49 6196 400910 E-mail: oliver.kuan@unitedpower.cn Internet: www.unitedpower.de.com ISIN: DE000A1EMAK2 WKN: A1EMAK Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 283392 21.08.2014
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found