Business News
DOCDATA N.V. Will Propose Shareholders to Withdraw Shares on top of the Announced Dividend of EUR 0.25 per Share
Friday 28. March 2008 - The DOCDATA N.V. Management Board, under approval by the Supervisory Board, has today decided to propose to the shareholders in the Annual General Meeting of Shareholders, to be held on 15 May 2008, to decide to withdraw 308,850 ordinary shares (nominal value of EUR 0.10 each) of the own shares held by the Company at this moment. The issued share capital will decrease as a result of this from 7,308,850 ordinary shares to 7,000,000 ordinary shares.
Own shares held
Today, DOCDATA N.V. has acquired through a purchase transaction 270,000 own shares for a price of EUR 6.50 per share at the exchange of NYSE Euronext Amsterdam, resulting in a number of own shares held by the Company of 726,173 (9.94% of 7,308,850). If the shareholders decide to approve the proposal to withdraw own shares, the number of own shares held by the Company will decrease with 308,850 ordinary shares to 417,323 ordinary shares (5.96% of 7,000,000).
The DOCDATA N.V. Management Board was granted authority by the shareholders on 10 May 2007 to acquire own shares on behalf of the Company up to a maximum of 10% of the issued share capital. As DOCDATA N.V. currently holds 9.94% of the issued share capital, the Company will not acquire more own shares until the moment that the proposed withdrawal of own shares has been realised.
Announced dividend proposal
At the publication of the 2007 year-end results on 14 February 2008, DOCDATA N.V. has already announced that the management will propose to the shareholders at the Annual General Meeting of Shareholders to distribute a dividend of EUR 0.25 per outstanding ordinary share, out of the net income for the year 2007.
Announcement of publication of the agenda for the General Meeting of Shareholders and of the Annual Report
The agenda for the Annual General Meeting of Shareholders, to be held on 15 May 2008, as well as the 2007 Annual Report and the other documents for the meeting, will be published on Thursday 24 April 2008. These documents will be available from this date on the Company’s Corporate website