Heidelberger Druckmaschinen AG Annual General Meeting for Financial Year 2007/2008 |
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| 07/18/2008 |
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- Proposed dividend of 0.95 Euro per share adopted
- AGM elects shareholder representatives to the Supervisory Board
- Wössner confirmed as Chairman of the Supervisory Board
- All items on the agenda approved
Around 1,700 shareholders today participated in the Annual General Meeting of Heidelberger Druckmaschinen AG (Heidelberg) for the financial year 2007/2008, which was held at the Congress Center Rosengarten in Mannheim. Approximately 60 percent of Heidelberg’s share capital was represented at the event.
The Management Board discussed the company’s strategy and the Balance Sheet for the past financial year (April 1, 2007 through March 31, 2008).
Approval from the company’s shareholders was needed for 12 of the 13 items on the AGM’s agenda. Key items included the appropriation of the retained earnings and the associated distribution of a dividend of 0.95 Euro per participating share, and a resolution regarding the appointment of members of the Supervisory Board. Shareholders also voted on a further ten resolutions.
For the resolution regarding the appointment of members of the Supervisory Board, over 98 percent of the voters were in agreement. At the constituent meeting of the new Supervisory Board that took place after the AGM, Dr. Mark Wössner, 69, was elected as the new Chairman of the Heidelberg Supervisory Board until 2011.
The Articles of Incorporation state that the Supervisory Board is to consist of 16 members. The members who represent shareholders are to be elected by the AGM as set out in the Aktiengesetz (German Stock Corporation Act) regulations. In accordance with this, voting took place for the eight members appointed by the shareholders to the Supervisory Board for the next period of office, which will last for approximately five years. The eight employees' representatives were elected as set out in the Mitbestimmungsgesetz (German Co-Determination Act) during a separate procedure prior to the AGM. The term of office begins when the AGM ends on July 18, 2008. The full list of names is set out in Item 6 of the Agenda for the Annual General Meeting.
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For further information:
Heidelberger Druckmaschinen AG
Investor Relations
Andreas Trösch
Tel.: +49 (0)6221 92 60 20
Fax: +49 (0)6221 92 99 60 21
E-mail:
andreas.troesch@heidelberg.com
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Important note
This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.
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