Du är här

2014-04-16

EVS Broadcast Equipment: EVS Broadcast Equipment invites its shareholders to a Combined General Meeting on May 20, 2014

The Board proposes a dividend translating into a pay-out ratio of 86%, in line
with the average of the last 10 years

EVS Broadcast Equipment, the leading provider of live video production
systems, today published the invitation to its combined Ordinary, Special and
extraordinary General Meeting, to be held on May 20, 2014, at its
headquarters in Liège.

Aside from the usual topics, the Board of Directors will propose shareholders,
during theOrdinary General Meeting
, to approve the following resolutions:

* The payment of atotal gross dividend of EUR 2.16 (including the interim
dividend of EUR 1.16 paid in last November), implying a final gross
dividend of EUR 1.00 to be paid on June 2, 2014;
* Aprofit sharing plan in the form of a grant of 37 EVS shares for EVS
employees, adjusted for the employee time spent with the firm in 2013;
* Therenewal of the mandates of Acces Direct and Christian Raskin as
Independent Directors.

The dividend proposal (18.2% lower than 2012) takes into account the 18.5%
decrease of net profit in an uneven year 2013, the reviewed budget for the
new headquarter (between EUR 55 million and EUR 60 million), mainly due
higher investments in future-proof equipment), the willingness to keep some
financial flexibility if the company needs to accelerate investments for
growth and the cautiousness of the EVS management relating to the short term
market conditions (as announced in 2013 results press release). The Board has
also decided to adapt the dividend policy. As from 2013, the Board of
Directors has established a dividend policy which aims at paying a high
portion of the net profit, taking into account the cash needed to finance the
company growth, and with a maximum pay-out ratio of 100%. This EUR 2.16
dividend represents a pay-out ratio of 85.7% (in line with average of last 10
years) and a dividend yield of 4.4% (gross dividend divided by average share
price in 2013);

In line with the desire of the Board to increase the number of independent
Directors, an internal rule has been set to limit non-executives Board
mandates duration to a maximum of 12 years or 3 successive mandates.
Therefore, Francis Bodson, Jean Dumbruch and Jacques Galloy are not
re-eligible as they have been Board members for more than 12 years. They have
all three been instrumental in building the success of EVS since a long time.
The Board wants to express its sincere gratitude for their continued support
and longstanding commitment to the development of the group.

ASpecial General Meeting
will follow the Ordinary General meeting to propose shareholders to approve
change of control clauses in relation with the EUR 24 million senior debt
secured in last November 2013 with BEI, ING and BNPPF.

AnExtraordinary General Meeting
will also take place, to propose shareholders to renew the authorizations
given to the Board to buy back shares and to use the authorized capital
procedures. Both authorizations are not valid in case of takeover bids.

All documents relating to the combined General Meeting of May 20 are available
on the website of EVS Broadcast Equipment atwww.evs.com, including the 2013
financial annual report.

--------------------------------------------------------------------------------
|For more information, please contact: |
| |
| |
| |
|Joop JANSSEN, Managing Director&CEO |
|Magdalena BARON, Senior Vice President, CFO |
|Geoffroy d'OULTREMONT, Vice President Investor Relations&Corporate |
|Communication |
|EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-Jean, |
|B-4102 Seraing, Belgium |
|Tel: +32 4 361 70 14. E-mail: corpcom@evs.com;www.evs.com |
|Forward Looking Statements |
| |
|This press release contains forward-looking statements with respect to the |
|business, financial condition, and results of operations of EVS and its |
|affiliates. These statements are based on the current expectations or beliefs |
|of EVS's management and are subject to a number of risks and uncertainties |
|that could cause actual results or performance of the Company to differ |
|materially from those contemplated in such forward-looking statements. These |
|risks and uncertainties relate to changes in technology and market |
|requirements, the company's concentration on one industry, decline in demand |
|for the company's products and those of its affiliates, inability to timely |
|develop and introduce new technologies, products and applications, and loss |
|of market share and pressure on pricing resulting from competition which |
|could cause the actual results or performance of the company to differ |
|materially from those contemplated in such forward-looking statements. EVS |
|undertakes no obligation to publicly release any revisions to these |
|forward-looking statements to reflect events or circumstances after the date |
|hereof or to reflect the occurrence of unanticipated events. |
| |
|About EVS |
|EVS provides its customers with reliable and innovative technology to enable |
|the production of live, enriched video programming, allowing them to work |
|more efficiently and boost their revenue streams. Its industry-leading |
|broadcast and media production systems are used by broadcasters, production |
|companies, post-production facilities, film studios, content owners and |
|archive libraries around the globe. It spans four key markets - Sports, |
|Entertainment, News and Media. |
| |
|Founded in 1994, its innovative Live Slow Motion system revolutionized live |
|broadcasting. Its reliable and integrated tapeless solutions, based around |
|its market-leading XT server range, are now widely used to deliver live |
|productions worldwide. Today, it continues to develop practical innovations, |
|such as its C-Cast second-screen delivery platform, to help customers |
|maximize the value of their media content. |
| |
|The company is headquartered in Belgium and has offices in Europe, the Middle |
|East, Asia and North America. Approximately 500 EVS professionals from 21 |
|offices are selling its branded products in over 100 countries, and provide |
|customer support globally. EVS is a public company traded on Euronext |
|Brussels: EVS, ISIN: BE0003820371. For more information, please |
|visitwww.evs.com. |
| |
| |
|dcinex, of which EVS owns 41.3%, is the European leader for Digital Cinema |
|technology and services in Europe with more than 5,500 committed digital |
|screens in Europe, out of which 3,700 have already been |
|deployed.www.dcinex.com. |
--------------------------------------------------------------------------------
Press release in pdf format
http://hugin.info/133958/R/1778006/607138.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVS Broadcast Equipment via Globenewswire

HUG#1778006

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.