Deutsche Post AG 2009 Annual General Meeting provides vote of confidence to Board of Management and Supervisory BoardFrankfurt/Bonn, 04/21/2009, 11:30 AM CEST
At Deutsche Post AG's Annual General Meeting at the Jahrhunderthalle in Frankfurt around 2,000 shareholders approved the resolutions proposed by the Board of Management and Supervisory Board by large majorities. Shareholders with a majority of 98.78 percent of the company's share capital present at the AGM resolved, among other issues, to pay a dividend of 60 euro cents per share. The dividend is tax-free for shareholders living in Germany.
The Board of Management was again authorized to buy back own shares totaling as much as 10 percent of the existing share capital. For the first time, shares may also be purchased through the use of derivatives. Shareholders also authorized the company to increase its share capital by up to 240 million euros by issuing up to 240 million shares.
In addition, the Annual General Meeting provided its vote of confidence by large majorities to the Board of Management and Supervisory Board for fiscal 2008 with 99.74 percent and 99.74 percent respectively.
The Annual General Meeting also elected Ulrich Schroeder, Chairman of the Board of Managing Directors of KfW Bankengruppe, Henning Kagermann, CEO of SAP AG, as well as Stefan Schulte, Vice Chairman of the Executive Board of Fraport AG, to the Supervisory Board.