As set out in the matrix of medium-term objectives first published in April 2013, Talanx AG aims to achieve the payout rate announced in its IPO of 35% to 45% of Group net income, as defined by International Financial Reporting Standards (International Financial Reporting Standards – IFRS ), after taxes and minority interests. The dividend paid by Talanx for 2012 was EUR 1.05; this equates to a payout rate of 42.1%.
The Board of Management and Supervisory Board will propose a dividend of EUR 1.20 per share to Talanx AG’s General Meeting. Based on the year-end price of EUR 24.65, this gives a return of 4.9%. The payout rate, based on IFRS earnings per share, is around 40%.
The Annual General Meeting is to be held on Thursday, 8 May 2014 in the Kuppelsaal of the Hannover Congress Centre (HCC).
|14||GENERAL INFORMATION ON THE TALANX SHARE|
|German securities identification number (WKN)||TLX100|
|Class of shares||Ordinary registered shares with no par value (Stückaktien)|
|Number of shares||252,797,634|
|Year-end price||EUR 24.65|
|Annual high||EUR 25.88|
|Annual low||EUR 21.82|
|Stock exchanges||Xetra, Frankfurt, Hannover|
|Trading segment||Prime standard of the Frankfurt Stock Exchange|
|Share prices: Xetra|