Dividend Once Again Tax-exempt
Haibach (near Aschaffenburg), 23 March 2016 – Adler Modemärkte AG is planning to pay the dividend of EUR 0.50 for the 2015 financial year, proposed by the Executive Board and the Supervisory Board, in full from its tax contribution account under § 27 of the German Corporation Tax Act (“Körperschaftssteuergesetz” – KStG) (these are not contributions to registered capital). The dividend is expected to be paid on 6 May 2016. As for the previous year, the dividend would be paid without any deductions for capital yields tax or solidarity surcharge. Therefore, the dividends paid to German shareholders are not subject to ongoing taxation. Tax refund or tax credit options do not exist with regard to the dividend.
According to the German tax administration, this distribution reduces the acquisition costs of the shares from a tax perspective. If the shares are subsequently sold, this may result in a higher amount of capital gains being taxed.
The Company’s Annual General Meeting held on 4 May 2016 in Aschaffenburg will resolve on the dividend proposal.
About Adler Modemärkte
Adler Modemärkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany’s largest and most important textile retailers. In 2015, the Group generated revenue of EUR 566.1 million with a workforce of around 4,200, generating EUR 33.3 million in EBITDA. ADLER currently operates 178 stores, 153 of which are located in Germany, 21 in Austria, two in Luxembourg, one in Switzerland, plus an online shop. The Company focuses on large-space concepts offering in excess of 1,400 m2 of retail space. With its many own brands and select external brands, ADLER offers a highly diverse product range. Thanks to more than 60 years of tradition and strong customer loyalty, ADLER considers itself to be the market leader within its target group of affluent customers aged 45 and over.
For more information: www.adlermode-unternehmen.com www.adlermode.com
Contact Adler Modemärkte AG
Adler Modemärkte AG
Tel.: +49 6021 633 1828
Fax: +49 6021 633 1417