Deutsche Post AG Annual General Meeting 200505/19/2005, 01:00 AM CEST
- Shareholders resolve dividend increase to 50 euro cents for 2004
- Board of Management/Supervisory Board actions approved by large majority
- Capital increase authorization renewed
At Deutsche Post AG's Annual General Meeting in Cologne, around 4,000 shareholders approved the resolutions proposed by the Board of Management and the Supervisory Board with a large majority. Shareholders representing around 74 percent of the company's equity capital amongst other issues resolved the payment of a 2004 dividend 13.6 percent higher than the previous year, which corresponds to 50 euro cents per share. The dividend is tax exempt for German shareholders.
The actions of the Board of Management and Supervisory Board for business year 2004 were approved by a large majority (99.9 percent).
The Management Board was authorized to increase share capital by as much as 250,000,000 no-par value shares against contributions in kind excluding shareholders' pre-emptive subscription rights. This replaces the existing authorization, granted by the Annual General Meeting on October 13, 2000 and valid until September 30, 2005. The Board of Management was also authorized to buy back own shares totaling as much as 10 percent of the existing share capital.