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GRAMMER AG — AGM Information 2015
May 20, 2015
186_rns_2015-05-20_21732045-11f1-4a6c-9baa-dc23e02cb884.html
AGM Information
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Corporate | 20 May 2015 15:30
Grammer AG: Resolution passed to increase dividend and new Supervisory Board members elected at the annual general meeting
Grammer AG / Key word(s): AGM/EGM
2015-05-20 / 15:30
Grammer AG: Resolution passed to increase dividend and new Supervisory Board members elected at the annual general meeting
Amberg, May 20, 2015 – At Grammer AG’s annual general meeting the shareholders passed a resolution approving the distribution of a dividend of EUR 0.75 per share. In addition, six new seats on the Supervisory Board were filled following the scheduled expiry of the previous term of office. All the other items on the agenda were approved by the annual general meeting with the necessary majorities. Similarly, the shareholders ratified the activities of the Executive Board and the Supervisory Board for 2014.
Dividend increased to EUR 0.75
The shareholders approved the proposal of the Executive Board and the Supervisory Board, passing a resolution to increase the dividend to EUR 0.75 per share. This is 15 percent more than in the previous year in which EUR 0.65 per share was paid. Accordingly, the company is distributing around EUR 8.4 million on the total of 11,214,624 dividend-entitled shares, equivalent to around 36 percent of its net retained profit of the GRAMMER AG.
Supervisory Board election and departure of the Chief Financial Officer
Elections for six seats on the Supervisory Board were held as the previous terms of office had expired. The shareholders accepted the proposals submitted by the current Supervisory Board, electing Dr. Klaus Probst, Mr. Wolfram Hatz, Dr. Bernhard Wankerl, Ms. Ingrid Hunger, Dr. Hans Liebler and Dr. Peter Merten to Grammer AG’s Supervisory Board with a large majority.
As previously announced, Mr. Volker Walprecht, who had hitherto been Chief Financial Officer of Grammer AG, stepped down from this position. Mr. Gérard Cordonnier will be assuming this position from June 1, 2015.
Almost 40 % of the voting-entitled capital was represented at GRAMMER AG’s annual general meeting in Amberg this year.
Company Profile
GRAMMER AG, Amberg, Germany, specializes in the development and production of components and systems for automotive interiors as well as driver and passenger seats for offroad vehicles. In the Automotive Division, we supply headrests, armrests and center console systems to premium automakers and automotive system suppliers. The Seating Systems Division comprises the truck and offroad seat segments as well as train and bus seats.
Grammer is represented in 20 countries worldwide with a workforce of over 10,500 employees across its 30 subsidiaries.
The GRAMMER share is listed in the SDAX and traded on the Frankfurt and Munich stock exchanges via the electronic trading system, Xetra, as well as in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
2015-05-20 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | Grammer AG |
| Postfach 14 54 | |
| 92204 Amberg | |
| Germany | |
| Phone: | +49 (0)9621 66-0 |
| Fax: | +49 (0)9621 66-1000 |
| E-mail: | [email protected] |
| Internet: | www.grammer.com |
| ISIN: | DE0005895403, DE0005895403 |
| WKN: | 589540, 589540 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart |
| End of News | DGAP News-Service |
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| 359923 2015-05-20 |