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Mannheim, 16th June 2009 – The MLP AG Annual General Meeting (AGM) convened this morning in Mannheim’s Rosengarten Congress Center at 10.00 am. The new Supervisory Board Chairman, Dr. Peter Lütke-Bornefeld, is chairing the shareholders’ meeting for the first time.
MLP Chief Executive Officer, Dr. Uwe Schroeder-Wildberg, looked back on the past business year in his opening speech. “We have proven, under extremely difficult prevailing conditions, just how sustainably we run our business,” he said. “Despite the financial crisis our total revenues almost matched the record level achieved in the preceding year, we managed business operations profitably and did not succumb to any involvement in high-risk capital market transactions.” MLP has an excellent capital base and a significant financial strength.
MLP’s high financial strength allows the Company to distribute almost 100 percent of net profits from continuing operations. The Executive and Supervisory Boards have therefore proposed a dividend of 28 cents per share to the AGM. This corresponds to total dividend payments of 30.2 million Euros.
Note: We will publish the voting results in a press release subsequent to the Annual General Meeting.