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Lenzing declares annual dividend of €1.75/share
29
Apr '14
This year’s Ordinary Shareholders’ Meeting of Lenzing AG (April 28, 2014) resolved to distribute a dividend of EUR 1.75 per share for the 2013 financial year (compared to EUR 2.00 per share for the previous year). The dividend payment has been scheduled for May 5, 2014, with April 30, 2014 set as the ex-dividend day.
 
Furthermore, Hanno Bästlein was elected to the Supervisory Board at the Ordinary Shareholders’ Meeting for the first time. The Supervisory Board mandate of Andreas Schmidradner was extended.
 
Martin Payer resigned from his position on the Supervisory Board at his own request. Accordingly, the Supervisory Board of Lenzing AG now consists of Michael Junghans, Hanno Bästlein, Helmut Bernkopf, Franz Gasselsberger, Josef Krenner, Martin Prügger, Andreas Schmidradner, Astrid Skala-Kuhmann and Veit Sorger.
 
This Ordinary Shareholders’ Meeting also adopted a resolution discharging the members of the Management Board and Supervisory Board for the 2013 financial year. Moreover, the Ordinary Shareholders’ Meeting resolved upon the remuneration for the Supervisory Board members for the 2013 financial year. Deloitte Audit Wirtschaftsprüfungsgesellschaft mbH, Vienna, was appointed as the auditor of the annual and the consolidated financial statements for the 2014 financial year.
 
In addition the Management Board was authorized, contingent upon the formal approval of the Supervisory Board, to purchase own shares amounting to up to 10% of the company's share capital. Furthermore, the Ordinary Shareholders’ Meeting also resolved that the Supervisory Board will be allowed to elect several deputy chairpersons in the future instead of only one as in the past.
 
The subsequent constituent meeting of the new Supervisory Board re-elected Michael Junghans as Chairman of the Supervisory Board and elected Hanno Bästlein and Veit Sorger to serve as the Deputy Chairmen.
 

Lenzing

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