Dividend increase to EUR0.80 approved by large majority of Deutsche Post AG's Annual General MeetingFrankfurt/Bonn, 05/27/2014, 03:10 PM CEST
As in past years, the dividend will be paid free of tax for shareholders living in Germany.
At the Annual General Meeting of Deutsche Post AG held in the Jahrhunderthalle in Frankfurt-Höchst, Germany, around 1,000 shareholders approved the resolutions proposed by the Board of Management and the Supervisory Board by large majorities. Shareholders with a majority of 99.84% of the company's share capital present at the AGM resolved, among other issues, to pay a dividend of EUR0.80 per share. This reflects an increase of EUR0.10 over the previous year's level. As in past years, the dividend will be paid free of tax for shareholders living in Germany.
The Annual General Meeting provided its vote of confidence by large majorities to the Board of Management (with 99.93% of the casted votes) and the Supervisory Board (99.92%) for financial year 2013. In addition, Prof. Dr. Henning Kagermann (with 97.37%), Dr. Ulrich Schröder (with 96.34%) and Dr. Stefan Schulte (with 98.85%) were re-elected to Deutsche Post AG's Supervisory Board during the scheduled Supervisory Board election. Upon conclusion of the Annual General Meeting, Hero Brahms left the company's supervisory body due to reasons of age. In his place and in accordance with the management proposal, the Annual General Meeting elected Simone Menne (98.82%) as new member to the logistics company's Supervisory Board. The terms of the Supervisory Board members elected to Deutsche Post's supervisory body during this year's Annual General Meeting will expire upon conclusion of the 2019 Annual General Meeting.
In addition, the Board of Management was again authorized (95.82%) to buy back own shares totaling as much as 10 percent of the existing share capital. The authorization expires in May 2019.