The Board of Directors, taking into account the losses after taxes incurred in the fiscal year of 2012, decided to propose to the Annual General Meeting of Shareholders, planned for June 14, 2013 that no dividends will be distributed for the fiscal year of 2012.
The Annual General Meeting of Shareholders, that took place on June 8, 2012 decided that no dividends would be distributed for the fiscal year of 2011.
(all amounts in Euro thousands)
| Distributed during the year: |
2012 |
|
2011 |
| Equity dividends on ordinary and preference shares: |
|
|
|
| Final dividend for 2011: € nil per share (2010: € 0.07759 per share) |
- |
|
6.565 |
The Annual General Meeting of Shareholders, that took place in May of 2011, approved the distribution of €8,665 thousand (note 23) from the tax exempt reserves under special laws, in addition to the proposed dividend for the fiscal year 2010.