Management Board will propose a dividend increase and an anniversary bonus
Acquisition of A&R Sites not to be closed due to changed circumstances
In line with the expected solid development of earnings in 2013 the Management Board will propose a dividend increase of EUR 0.15 to EUR 2.40 per share to the 20th Ordinary Shareholders’ Meeting on April 30th, 2014. In addition an anniversary bonus of another EUR 2.40 per share shall be paid out for a further decade’s listing of Mayr-Melnhof Karton AG. „Our long-term target will remain to pay out about one third of the profit for the year with an augmenting dividend trend“, comments CEO Dr. Wilhelm Hörmanseder the unchanged dividend policy.
Dividend payment will be effected on May 13th, 2014, MM shares will be quoted
ex-dividend as of May 6th, 2014.
Furthermore the Management Board gives notice that the agreement of last November to acquire three A&R Carton sites will not be closed due to changed circumstances. „Conserving value for our shareholders remains a priority also throughout the consolidation. We will continue our course of expansion with verve and due care“, stresses Dr. Hörmanseder.