Ad hoc announcement pursuant to Section 15 of the
German Securities Trading Act (WpHG)
CropEnergies Raises Dividend and Appoints New Member of Executive Board
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.
Ensuring mobility in a climate friendly way - today and in the future - is CropEnergies' business. Founded in Mannheim, Germany, in 2006, the young and dynamically growing member of the Südzucker Group is one of the leading European manufacturers of sustainably produced bioethanol for the fuel sector today. With its three modern production facilities in Germany, Belgium, and France as well as trading offices in the USA and Brazil, CropEnergies produces approximately 700,000 cubic meters of bioethanol per year. They mainly replace petrol and reduce CO2 emissions by up to 70 percent. With this, CropEnergies has established itself successfully as a bioethanol pioneer in a major emerging market.
In addition to the efficient production of bioethanol, CropEnergies is mainly characterized by the innovative co-product concept: The raw materials which are used such as cereals and sugar beets are completely utilized. As a result, 500,000 tonnes of high-quality protein food and animal feed products are manufactured every year out of the non-fermentable components of the raw materials.
Through advanced technology and innovation CropEnergies contributes to ensure a sustainable mobility from renewable sources today and in the future through its main product bioethanol: mobility - sustainable. renewable.
The CropEnergies AG stock (ISIN DE000AOLAUP1) has been listed at the regulated market (Prime Standard) at the Frankfurt Stock Exchange since 2006.