At the virtual Annual General Meeting of
In particular, they approved the proposed dividend resolution and the proposals for new elections to the corporate bodies. In total, about 90 percent of the voting capital stock was represented. Due to the spread of the Coronavirus in
Dividend on prior-year level resolved
As proposed by the corporate bodies, the Annual General Meeting approved a dividend at the previous year's level for both share classes. A dividend of
The dividend payout ratio increased by 3.3 percentage points to 34.2 percent of net income after non-controlling interests and adjusted for exceptional items. It is within the target range of between 30 and 40 percent.
New members elected to the Supervisory Board and Shareholders' Committee
'With the new appointments, we are rejuvenating our committees, increasing diversity and expanding important areas of expertise. I am pleased that we can welcome excellent new members to our corporate bodies,' said Dr.
She also explicitly expressed her thanks to all departing members of the corporate bodies for their great commitment to the interests of the company and their membership, some of which was longstanding.
All other members of both the Supervisory Board and the Shareholders' Committee were re-elected.
Creation of
The proposal for new authorized capital as an 'anticipatory resolution' was also accepted. This puts the company in a position to cover any future financial requirements quickly and flexibly. At the same time, additional flexibility and reserves for liquidity management are created. The previous authorized capital approved by the Annual General Meeting in 2015 expired in
This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of
This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of
This document has been issued for information purposes only and is not intended to constitute an investment advice or an offer to sell, or a solicitation of an offer to buy, any securities.
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