Weng Fine Art AG / Key word(s): AGM/EGM

06.08.2012 / 09:30

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Annual General Meeting on 24 September: Weng Fine Art AG proposes to double dividends and issues 2.25 million bonus shares

At its annual general meeting on 24 September 2012 in Krefeld, Weng Fine Art AG (WFA) will be proposing a cash dividend of EUR 0.30 per share for the financial year 2011/12 - double the dividend paid out in the previous year and once again EUR 0.05 more than predicted earlier this year. The art dealer, which was listed on the Frankfurt stock exchange at the start of this year, is also proposing a bonus stock issue at the same time: The 1 : 1 ratio originally predicted has been increased to 4 : 1. The shareholders would therefore receive four additional shares for each WFA share they hold.

'The excellent performance of the company in the first half year, our optimistic outlook for the rest of the year and our strong financial position, thanks to the recent capital increase, allow us to give shareholders the opportunity to participate in the company's achievements to a greater extent than originally planned', commented the company's founder and CEO Rüdiger K. Weng. The invitation to the company's AGM will be published soon on www.wengfineart.com.

ABOUT WENG FINE ART AG

Weng Fine Art AG (www.wengfineart.com) is one of the fastest-growing, internationally active art traders on the European continent. The company uses a B2B model, focusing on trading more than 500 blue chip artists from the 20th century. Important clients are, beside others, Sotheby's, Christie's and Phillips. The retail market is served by its 100% subsidiary Weng Fine Art Editions GmbH that offers worldwide on various platforms, multiple works of art by some of the most important contemporary artists. Weng Fine Art AG shares are traded on the Frankfurt Stock Exchange (Entry Standard) since 2 January 2012.

CONTACT DETAILS

Weng Fine Art AG
Rüdiger K. Weng, Vorstand   
Kimplerstrasse 294 | D-47807 Krefeld
Telefon +49(0)2151 93713-0 | Telefax+49(0)2151 93713-29 E-Mail weng@wengfineart.com | Internet www.wengfineart.com

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Language: English Company: Weng Fine Art AG Kimplerstraße 294 47807 Krefeld Germany Phone: 02151 937130 Fax: 02151 93713-29 E-mail: art@wengfineart.com Internet: www.wengfineart.com ISIN: DE0005181606 WKN: 518160 Listed: Open Market (Entry Standard) in Frankfurt  
 
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