good start for Aalberts
During the Annual General Meeting of Shareholders of 20 April 2000, the management of Aalberts Industries N.V. announced that sales, the profit, and the orders received in the first months of the year 2000 have increased considerably in comparison with the same period in 1999.
In addition, all activities have made positive contributions to profit, including the German company Seppelfricke and the new metal-coating centre set up in late 1998, Ionic Technologies in Greenfield, South Carolina.
The proposed dividend for the financial year 1999 was approved. At the choice of the shareholders, the dividend will be paid out in cash, at NLG 0.84 (EUR 0.38), or in the form of stock dividend either charged to the tax-exempt share premium or to the unappropriated profit, whereby 58 ordinary shares give the right to 1 ordinary share of NLG 0.10 nominal value. The dividend is made payable as from 28 April 2000 by the ABN AMRO Bank N.V. of Amsterdam.
Further, Mr. P.W.A. Niessen was re-appointed as and Mr. A.H. Land appointed as member of the supervisory board, both for a three-year term. The latter will succeed Mr. F.X. Noz, who stepped down for personal reasons after 25 years of service.
The management expressed its confidence in the expectations presented in the 1999 Annual Report: Barring unforeseen circumstances, Aalberts Industries will be able to realise growth of earnings per share in 2000 at the same level as that of the past years.