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DGAP-Adhoc: GFT Technologies AG: Executive Board recommends an increase in the dividend for fiscal year 2013 from EUR 0.20 to EUR 0.25

May 23, 2014

GFT Technologies AG / Key word(s): Dividend 23.05.2014 21:22 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc disclosure pursuant to Section 15 German Securities Trading Act 23 May 2014GFT Technologies AG: Executive Board recommends an increase in the dividend for fiscal year 2013 from EUR 0.20 to EUR 0.25 The Executive Board of GFT Technologies AG (GFT) has decided today to modify its recommendation, which had been previously made to the Annual General Meeting of Shareholders to declare a dividend of EUR 0.20 per share for fiscal year 2013, and to recommend instead to the Annual General Meeting of Shareholders a dividend of EUR 0.25 per share (prior year: EUR 0.15) for fiscal year 2013. This dividend corresponds to a total dividend distribution of approximately EUR 6.58 million (prior year: EUR 3.95 million) and therefore represents a dividend rate (Dividendensatz) - total dividend as a percentage of the consolidated annual net income - of approximately 48%. The Supervisory Board of GFT will decide on Monday whether it will concur with this modified Executive Board resolution proposal. The reason for the recommended increase is the following: the Company's local German tax office (Finanzamt) informed GFT that the dividend for fiscal year 2012 (2012 Dividend) had not been paid from the tax reserve account (steuerliches Einlagekonto) and that therefore the investment income tax, solidarity surcharge and any church tax should have been reported, withheld and remitted for payment. GFT is therefore under an obligation to arrange for the 2012 Dividend to be corrected and taxes to be paid. In order to ensure that the shareholders do not suffer any liquidity problems due to the correction of the 2012 Dividend, the Executive Board of GFT has decided to recommend to the Annual General Meeting of Shareholders that the 2013 Dividend be increased to EUR 0.25 per share. The increase corresponds almost exactly to the amount which must be paid as taxes in connection with the correction of the dividend. Of the non-appropriated profit shown on the balance sheet in the amount of approximately EUR 11.42 million, approximately EUR 6.58 million (instead of the approx. EUR 5.27 million originally recommended) would be paid out as a dividend and approximately EUR 4.84 million (instead of the approx. EUR 6.15 million originally recommended) would be carried forward to a new account. Contact: Christian Kleff Head of Corporate Communications & IR GFT Technologies AG Filderhauptstr. 142 70599 Stuttgart T +49 711 62042-125 F +49 711 62042-101 christian.kleff@gft.comwww.gft.com23.05.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: GFT Technologies AG Filderhauptstr. 142 70599 Stuttgart Germany Phone: +49 (0)711/62042-0 Fax: +49 (0)711/62042-301 E-mail: Investor-Relations@gft.com Internet: www.gft.com ISIN: DE0005800601 WKN: 580060 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÜsseldorf, Hamburg, MÜnchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------


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Source: DGAP Ad Hoc Disclosures


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