08.10.2013
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DGAP-Adhoc: VanCamel AG: Listing, Listing date and dividend policy
VanCamel AG / Key word(s): IPO/Dividend
08.10.2013 19:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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VanCamel AG announces its listing date and dividend policy
The listing of VanCamel in the Prime Standard of the German stock exchange
is scheduled for Friday, October 11th. Due to the high strategic importance
for the company as well as the existing free float of just under 20%,
VanCamel AG in the current environment has decided to execute its Listing
as a 'safe IPO' without a public offering. The highly profitable and cash
rich fashion label is established in China, selling quality men's fashion
through 2,200 authorized mono label retail outlets in 26 provinces of the
PRC.
Specification of the dividend policy
In connection to the IPO, the Company committed itself to already propose a
dividend of at least 15% of consolidated net income from fiscal year 2013
to the General Meeting to be held in 2014. This dividend is to be
understood as the basis for the long-term dividend policy of VanCamel.
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Information and Explaination of the Issuer to this News:
About VanCamel
VanCamel AG is the German holding company of an established and fast
growing Chinese fashion label, which employs close to 200 workers in the
design, marketing and distribution of own branded apparel, footwear and
accessories. VanCamel-products address the young, well-funded urban
middle-class, particularly targeting male consumers aged between 25 and 40
primarily residing in tier 2 and tier 3 cities, aspiring after upper middle
class fashion styles. The prizewinning design of VanCamel's apparel is made
in-house whereas the design of the footwear is outsourced based on the
conceptual ideals of VanCamel. The production of both, apparel and
footwear, is completely outsourced to local contract manufacturers.
VanCamel is an established national brand with a PRC-wide reach. More than
40 regional distributors supply VanCamel's products to more than 2,200
authorized retail outlets in 26 provinces throughout China. Since 2010,
VanCamel grew at an average annual growth rate of 21 percent. For fiscal
year 2013 VanCamel expects sales of EUR 173 million and a net profit of ca.
EUR 34 million.
For further information about the company visit: www.vancamel.de
For enquiries:
VanCamel AG
Lester Eng Ann Soh
Member of the Management Board and CFO
E-Mail: [email protected]
Tel.: +86 155 5911 7996
08.10.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: VanCamel AG
Ferdinandstraße 25
20095 Hamburg
Germany
Phone: 040 689999-0
Fax: 040 689999-10
E-mail: [email protected]
Internet: www.vancamel.de
ISIN: DE000A1RFMM9
WKN: A1RFMM
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed (Prime Standard, Frankfurt)
End of Announcement DGAP News-Service
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