Solar AG (ISIN DE000A0BVU93), a leading photovoltaic system integrator listed on the TecDAX, reached a decision today on a proposal to be put to the Annual General Meeting of Shareholders to raise dividend distribution to EUR 0.30 per share for the financial year 2008 (2007: EUR 0.20). This resolution is subject to the adoption of the annual financial statements for the financial year 2008 and approval by the Supervisory Board.
The Board of Directors cites the Group’s very successful performance over the course of the financial year 2008 as the reason for its dividend proposal and increase in dividend. At the same time, Phoenix Solar AG confirms its intention of pursuing an investor-oriented dividend policy aligned to the company’s growth and its business situation. All 6,684,500 of the currently traded shares of Phoenix Solar AG are entitled to dividend.
The final dividend proposal to be put forward to the Annual General Meeting of Shareholders, which will take place on 19 May 2009, will be announced when the annual general meeting is convened.
This is an English translation of the German original. In the event of any doubt, the German version shall prevail.
Phoenix Solar AG
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