Mannheim, 7 May 2012 - CropEnergies AG, Mannheim, will propose to the annual general meeting on 17 July 2012 an increased dividend of EUR 0.18 (previous year: 0.15) per share.
This was decided at the supervisory board's meeting on 7 May 2012 upon the executive board's recommendation. The recommendation provides for the considerable increase in earnings in the financial year 2011/12. Based on 85.0 million shares issued, this represents a total dividend payout of EUR 15.3 (previous year: 12.8) million.
Furthermore, the supervisory board decided to appoint Dr. Marten Keil (42) to CropEnergies' executive board effective 17 July 2012, after adjournment of the annual general meeting. He will succeed Dr. Lutz Guderjahn (46) who will switch to the executive board of Südzucker AG Mannheim/Ochsenfurt, Mannheim, at the same time. Keil joined Südzucker in 2001 and was a member of the core team establishing the bioethanol division from 2005 on. Since the initial public offering (IPO) in September 2006, Keil has been responsible for business development as well as for marketing and public relations at CropEnergies.
The complete annual report 2011/12 will be published on the website www.cropenergies.com at 10 am on 8 May 2012.