Grenkeleasing may pay dividend in stocks instead of cash

FRANKFURT Fri Jan 3, 2014 1:31am EST

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FRANKFURT Jan 3 (Reuters) - German IT services leasing provider Grenkeleasing is considering paying its shareholders their dividend in stocks instead of cash, the company said on Friday.

In a statement, Grenkeleasing also said it would bring forward its annual general meeting to April 10 from May 8 to seek shareholder approval to issue the new shares.

The company , which is due to publish full 2013 financial results on Feb. 7, said its new business volume rose 15.6 percent to 1.19 billion euros ($1.6 billion) last year, reaching the upper end of its outlook range of 13-16 percent growth.

($1 = 0.7322 euros) (Reporting by Maria Sheahan; editing by Patrick Graham)

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