CeWe Color Holding AG / AGM/EGM
28.05.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CeWe Color Holding AG:
- Earning capacity increasing dividend of 1.20 euros per share confirmed
- Shareholders elect Dr. Christian Jacobs to the Supervisory Board
- Authorisation to repurchase shares renewed
Oldenburg, 28 May 2008 The General Meeting of CeWe Color Holding AG
(Prime Standard, ISIN DE 0005403901, security identification number:
540390) in Oldenburg approved the proposal to pay out a dividend of 1.20
euros per denominated share for the 2007 accounting period with a large
majority.
Earning capacity increasing
With its dividend of 1.20 euros per share, CeWe Color Holding AG is paying
out a total of around 8.5 million. This has been made possible by the
company's enhanced earnings capacity. Earnings before tax and restructuring
matched those of the previous year in the 2007 reporting period and
exceeded those of the same period of the previous year by 19.5% in the
first quarter of 2008. The Board of Management expects to see earnings
before tax (EBT) rising by 33% and earnings after tax rising by 53% for the
full year of 2008. Earnings for the first quarter of 2008 fully comply with
projections and confirm the targets for 2008.
Restructuring for the most part completed digital growth achieved
Chairman of the Board of Management Dr. Rolf Hollander confirms: 'The
restructuring process has to a large extent been implemented. Thanks to
determined efforts made at establishing digital business at an early stage,
CeWe Color is once again seeing growth.'
Dr. Christian Jacobs elected to the Supervisory Board
With a large majority, the General Meeting also elected Dr. Johann
Christian Jacobs to the Supervisory Board. The General Meeting relieved
Supervisory Board member Dr. h.c. Bodin of his office since he as had
already been announced resigned from the Supervisory Board for personal
reasons as at the end of the General Meeting. He is now succeeded by Dr.
Johann Christian Jacobs, who holds 6.7 percent of the CeWe Color Holding AG
share capital through his investment company Sentosa GmbH. Dr. Jacobs is a
partner in the international law firm White & Case at their office in
Hamburg. The Supervisory Board now consists of Hubert Rothärmel (Chairman);
Hartmut Fromm (Deputy Chairman); Prof. Dr. Hans-Jürgen Appelrath; Dr.
Johann Christian Jacobs; Otto Korte and Prof. Dr. Michael Paetsch, who
succeeded Dr. Fritz Kröger as a member on 1 January 2008.
Authorisation to repurchase shares confirmed
The General Meeting also resolved on authorising the acquisition of up to
ten percent of the company's own shares in the period up to 27 November
2009. The acts of the Board of Management and the Supervisory Board of the
company were ratified with a large majority. The General Meeting approved
the appointment of Commerzial Treuhand GmbH,
Wirtschaftsprüfungsgesellschaft, Steuerberatungsgesellschaft, Oldenburg, as
Group auditors for the 2008 accounting period and as the auditors
responsible for conducting a review of the interim reports prepared in the
2008 accounting period.
The company is publishing the detailed results of the votes on its website
at www.cewecolor.com.
Should you have any queries, please contact:
CeWe Color AG & Co. OHG, Hella Hahm,
Tel.: 0441 / 404 - 400 (Secretary 234) or 0171 / 34 50 530, Fax: 0441 /
404 421,
Email:hella.hahm@cewecolor.de, Internet:www.cewecolor.com
About CeWe Color: Photo service company CeWe Color, with 15
highly-technical production operations and a staff of around 2,800
employees in 24 European countries, is both market and technological
leader. The company supplied around 2.8 billion photos, more than one
million CEWE PHOTO BOOKS and photo gift articles to more than 50,000 retail
partners in 2007. In 2007 turnover amounted to EUR 413.5 million. CeWe
Color is first mover in the launch of new digital technologies, for
example ordering digital photos in the Internet or with the help of order
terminals (DigiFoto Makers) in retail stores. Sales of personalised CEWE
PHOTO BOOKS are developing extremely well. In 1961, CeWe Color was founded
by Senator h.c. Heinz Neumüller. The company went public under the
leadership of Hubert Rothärmel. CeWe Color Holding AG is listed on the
Prime Standard.
DGAP 28.05.2008
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Language: English
Issuer: CeWe Color Holding AG
Meerweg 30-32
26133 Oldenburg
Deutschland
Phone: +49 (0)441 40 4-1
Fax: +49 (0)441 40 4-42 1
E-mail: info@cewecolor.de
Internet: www.cewecolor.de
ISIN: DE0005403901
WKN: 540390
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard);
Freiverkehr in Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: CeWe Color Holding AG: AGM
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