Annual General Meeting of Deutsche Post AGCologne/Bonn, 06/05/2003, 11:30 AM CEST
- Dividend increased to EUR 0.40
- Compliance with recommendation of the Corporate Governance Code
- Transparent Stock Option Plan adopted
The proposed resolutions of the Board of Management were approved by a large majority of about 4.000 shareholders at today's Annual General Meeting of Deutsche Post AG at the Kölnarena. Among other items, the shareholders, with 99,98 percent of the capital present, approved a dividend increase from EUR 0.37 to EUR 0.40 per share (+ 8.1 percent).
The shareholders approved amendments to the Articles of Association, primarily, that the compensation of members of the Supervisory Board shall now be performance related, in order to comply with recommendations of the German Corporate Governance Code. In addition, a new Stock Option Plan was adopted.
The shareholders clearly expressed their trust in the Board of Management and the Supervisory Board. Both company boards were discharged for fiscal year 2002 by a large majority.
The Annual General Meeting progressed in a professional atmosphere and ended at 7:40 p.m. More than 300 Deutsche Post employees and numerous assistants ensured the event ran smoothly.