Delticom AG: Annual General Meeting approves dividend increase
79% of the share capital was present at the General Meeting of Europe's leading Internet tyre retailer. Shareholders approved all the items on the agenda with a large majority. For the fiscal year 2009 the shareholders will receive a dividend payment of EUR 1.70 per share.
With a dividend increase of 70%, Delticom AG continues its dividend policy to let the shareholders participate in the company's success.
Shareholders present at the AGM particularly appreciated Delticom's strong market position and the payout to shareholders. "The 2009 business year was an extraordinary year for Delticom", commented CEO Rainer Binder as part of his Management Board speech. "As in previous years, we again proved that our focusing on our own strengths fully justifies itself."
The successful first quarter of 2010 was also highlighted during the Annual General meeting.Delticom AG published its 2010 firstquarter report on May 10, 2010. The complete report can be downloaded from the website www.delti.com within the "Investor Relations" area.
Delticom, Europe's leading online tyre retailer, was founded in Hanover in 1999. With 106 online shops in 35 countries, the company offers its private and business customers an unequalled assortment of excellently priced car tyres, motorcycle tyres, truck tyres, bus tyres, special tyres, rims, complete wheels (premounted tyres on rims), selected replacement car parts and accessories, motor oil and batteries. The independent website reifentest.com contains impartial information about tyre tests and helps the customers choose from more than 100 tyre brands and more than 25,000 tyre models. Delticom delivers either directly to the customer's home address, or to one of more than 25,000 service partners - affiliated garages which take delivery of tyres and then install these on the customer's vehicle.
Delticom's Wholesale division also sells tyres to wholesalers domestically and abroad.