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.


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