Zumtobel Group AG

Earnings Release • Jul 24, 2020

publication: 24.07.2020 15:00 source: http://adhoc.pressetext.com/news/1595595600725 keywords: Zumtobel Group AG / general meeting / FY 2019/20

Shareholders' meeting results

Zumtobel Group AG: Results of the 44th General Meeting of the Zumtobel Group AG

Dornbirn (pta031/24.07.2020/15:00) - The Zumtobel Group AG held its 44th General Meeting on 24 July 2020 under the direction of Karin Zumtobel-Chammah, the new Supervisory Board chairwoman. A total of 269 registered shareholders or their representatives were present, representing approximately 54 percent of the company's share capital.

Management Board and Supervisory Board released from liability

In accordance with Point 2 of the agenda, the shareholders approved a release from liability for the members of the Management Board - Alfred Felder (CEO), Bernard Motzko (COO) and Thomas Tschol (CFO) - as well as for all members of the Supervisory Board for their respective activities during the 2019/20 financial year.

Dividend approved

The Zumtobel Group wants its shareholders to participate in the previous financial year's success after two years without dividends. In line with a proposal by the Management and Supervisory Boards, the General Meeting approved the distribution of a EUR 0.10 dividend per share for the 2019/20 financial year. The dividend will be paid on 31 July 2020.

Elections to the Supervisory Board

At this year's General Meeting, there were a few changes on the Supervisory Board of the Zumtobel Group. Christian Beer, managing partner and founder of the Heron Group, Dornbirn, was elected to the Supervisory Board by a shareholders' resolution; he succeeds Johannes Burtscher who resigned from the Supervisory Board effective with the end of the 44th General Meeting. Additionally, the term of Volkhard Hofmann, who has been a member of the Supervisory Board since 2017, was extended. Mr. Hofmann served as a consultant with the Boston Consulting Group (BCG) for over 30 years, including more than 20 years as a partner and managing director in various international positions. The terms of the newly elected members will end with the General Meeting in 2022. The Supervisory Board of the Zumtobel Group now includes six shareholder representatives and three members delegated by the Works Council.

Further points on the agenda involved the remuneration policy for the members of the Management Board and Supervisory Board, the remuneration of the Supervisory Board members for the 2020/21 financial year and the election of PwC Wirtschaftsprüfung GmbH, Vienna, as the auditor for the 2020/21 separate and consolidated financial statements.

Please find the voting results and additional information on our website (https://z.lighting/en/group/investor-relations/shareholdermeetings/).

emitter:	Zumtobel Group AG Höchster Straße 8 6850 Dornbirn Austria
contact person:	Emanuel Hagspiel
phone:	+43 5572 509 1125
e-mail:	Emanuel.Hagspiel@zumtobelgroup.com
website:	www.zumtobelgroup.com
ISIN(s):	AT0000837307 (share)
stock exchanges:	official trade in Vienna

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