Annual General Meeting of MLP AG opened

Mannheim, June 5, 2014 – The Annual General Meeting of MLP AG was officially opened at 10am this morning at the Rosengarten Congress Center in Mannheim. A total of seven items are on the agenda (please refer to the table).

Among other things, these include the renewal of the anticipatory resolution typically employed by public limited companies for creation of new authorised capital. In addition to this, the shareholders will be voting on the dividend payout for the past financial year. In this connection, the Executive Board and Supervisory Board of MLP AG propose a dividend of 16 cents per share. This corresponds to a distribution rate of 68 percent. "With our proposed dividend we keep both aspects in mind: the appropriate participation of our shareholders as well as a further strengthening of MLP," comments Chairman of the Board, Dr. Uwe Schroeder-Wildberg in his opening address.

• Resolution concerning the use of unappropriated profit as per December 31, 2013
• Resolution on the discharge of the Executive Board for the financial year 2013
• Resolution on the discharge of the Supervisory Board for the financial year 2013
• Appointment of KPMG AG, Wirtschaftsprüfungsgesellschaft, Berlin, Germany, as auditor and Group auditor for the financial year 2014
• Resolution on the cancellation of authorised capital and the creation of new authorised capital as well as the relevant amendment to the Articles of Association
• Resolution to gain approval for increasing the upper threshold of variable remuneration to 200% of fixed remuneration pursuant to § 25a (5) Sentence 5 of the German Banking Act (KWG)

Note: Following the conclusion of the Annual General Meeting we will issue a press release informing you of the election results.

Download press release (PDF, 77KB)