EANS-News: Binder+Co Aktiengesellschaft / Annual General Meeting agrees dividend of 64 cents per share and renewal of share buy-back programme

Operating profit improved by 47% in 2008

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stock market/AGM

Gleisdorf/Vienna (euro adhoc) - As expected, at yesterday´s Annual
General Meeting, the Binder+Co AG shareholders approved the annual
financial statements presented for 2008. During the past year the
Gleisdorf-based processing, environmental and packaging technology
specialist was once again able to achieve dynamic development in all
areas. Sales revenues were up by 37.4% at EUR 73.45 million, while
EBIT was improved by 47.2% to EUR 7.20 million. At EUR 85.25 million,
company order intake was also 48.3% higher than the figure for the
preceding year.

Following yesterday´s approval by the AGM, the positive result
prompted Binder+Co to distribute a dividend for 2008 of 64 cents per
share to shareholders. This represents a payout ratio of around 50%.

Furthermore, the authorisation granted to the Management Board at the
last AGM (March 26, 2008), with regard to the purchase own shares,
was renewed. Consequently, the Management Board is empowered to
acquire of up to 10% of its own shares up to September 25, 2011. The
acquired shares will be offered for acquisition to all employees,
including all Management Board members, in the course of a stock
option programme. Up to now, 100,997 shares, representing 2.69% of
share capital, have been repurchased and are under the ownership of
the company.

Member of the Board, Karl Grabner, "The agreed dividend and stock
option programme serve to underline our commitment to providing our
stockholders and employees with a commensurate share of the
benefits."

A further item on the agenda of the AGM was the election of the
Supervisory Board, whereby Erhard F. Grossnigg (grosso holding
Gesellschaft mbH) was appointed to the Board as a new member. At its
subsequent constituent meeting, the Supervisory Board then selected
Erhard F. Grossnigg as chairman and Kurt Berger as vice-chairman.

end of announcement euro adhoc
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ots Originaltext: Binder+Co Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Karl Grabner, Member of the Board

Phone: +43 (0) 3112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade