MLP
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MLP Executive and Supervisory Boards propose dividends of 25 cents per share

  • MLP Annual General Meeting convenes at the Rosengarten Congress Center in Mannheim, Germany
Mannheim, 20th May 2010 - The MLP AG Annual General Meeting (AGM) convened this morning in Mannheim’s Rosengarten Congress Center at 10.00 am. MLP Chief Executive Officer, Dr. Uwe Schroeder-Wildberg, looked back on the past business year in his opening speech. He commented that “MLP has posted a stable group net profit, under very difficult conditions in the private customer as well as company business sectors. MLP has a strong foundation as well as considerable financial power and is well positioned for future strategic developments.”

MLP’s high financial power allows the company to distribute almost 100 percent of net profits from continuing operations. The Executive and Supervisory Boards have therefore proposed dividends of 25 cents per share to the AGM. This corresponds to total dividend payments of EUR 27.0 million. Shareholders can be paid the dividends tax-free.

In addition shareholders will be voting for the first time today on the MLP directors’ remuneration system. The following table highlights the remaining agenda items.

Overview of the agenda items

  • Resolution concerning the use of unappropriated profit as per December 31st, 2009
  • Resolution on the discharge of the Executive Board for the financial year 2009
  • Resolution on the discharge of the Supervisory Board for the financial year 2009
  • Resolution on the approval of the remuneration system for members of the Executive Board
  • Resolution on the selection of the auditor for the financial statements and the consolidated financial statements for the financial year 2010
  • Resolution on the selection of the auditor for a review of the semi-annual financial report 2010
  • Resolution on the authorisation to buy back and use own shares with exclusion of subscription rights
  • Resolution on the authorisation to make use of equity derivates within the scope of purchasing own shares
  • Resolution on the cancellation of authorised capital and the creation of a new authorised capital as well as the relevant amendment to the articles of association
  • Resolution on amendment of the Company’s articles of association to comply with the legislation on implementation of the Shareholders’ Rights Directive (ARUG)
  • Resolution on the amendment of the Company’s articles of association with regard to the venue of the Annual General Meeting
  • Resolution on the amendment of Supervisory Board remuneration and corresponding amendment to the Company’s articles of association
Note: We will publish the voting results in a press release subsequent to the Annual General Meeting.