Deutsche Börse Proposes Dividend Of 3 Euros And Stock Split To Annual General Meeting - CFO Hlubek: "Investments In The Future" - Ten New Shares For One Old One In The Stock Split

The Executive Board and Supervisory Board of Deutsche Börse AG will propose to the Annual General Meeting (AGM) that a dividend of three euros per share be disbursed, as Deutsche Börse reported in an ad hoc announcement on Monday evening. All of the new shares from the capital increase in the framework of the initial public offering on February 5 this year are also entitled to receive a dividend.

The dividend for business year 2000 as at December 31, 2000 is lower than the dividend for the previous business year, when all of the profit was distributed. Chief financial officer Mathias Hlubek, who had recently announced more than once that there would be no full dividend distribution of the profit, said that a distribution of all the profit would not be compatible with raising capital by going public. “We will use the revenue reserves from business year 2000 and the fresh capital from the IPO for investments in the future,” Hlubek said.

At the AGM on May 3, the shareholders will also be asked to vote on a 10-for-1 stock split. The stock split is to be preceded by an increase of 76.49 million euros in the share capital from the company’s financial resources to 102.76 million euros. After this capital increase, the share of no-par stock certificates in the share capital will amount to one euro.

At a meeting on Monday, the Supervisory Board of Deutsche Börse AG re-appointed Michael Kuhn and Christoph Lammersdorf as members of the Executive Board for another five years, effective as of January 1, 2002. Kuhn and Lammersdorf have been on the Executive Board of Deutsche Börse since the beginning of 1999; Kuhn has additionally been chief executive officer of Deutsche Börse Systems AG, a subsidiary of Deutsche Börse, since the end of 1999.