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Hamburg, May 26, 2011 - Today’s AGM for Hamburg-based XING AG (ISIN DE000XNG8888) approved the special distribution of funds put forward by the Executive and Supervisory Boards. The special distribution of funds will amount to €20 million, which equates to a payout per share of approximately €3.70. At the shareholders’ request, the record date, i.e. the date on which shareholders have to be in possession of shares in order to qualify for the special distribution of funds, was brought forward to August 1, 2011. This provides shareholders entitled to a payout with more flexibility when it comes to share dealing. The payout will take place following the six-month blocking period which commences on the date of publication of the entry of the decision into the commercial register. Further information about the next steps in the process will be published in due course.
New Supervisory Board members
Four new Supervisory Board members were appointed at this year’s AGM:
The tenures of Dr. Neil Sunderland and Fritz Oidtmann were extended. As planned, Dr. Andreas Meyer-Landrut gave up his seat on the Supervisory Board with immediate effect and will continue to support XING AG as a legal consultant.
XING is the social network for business professionals. More than 10.8 million members worldwide use XING to boost their business, job, and career. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas. Members can meet and exchange views in over 45,000 specialist groups, while also getting together at networking events. The platform is operated by XING AG, which was founded in Hamburg, Germany, in 2003 and has been publicly listed since 2006. In December 2010, XING acquired amiando AG, a Munich-based company and Europe’s leading provider of online event management and ticketing. Please visit
www.xing.com for more information.