- Distribution of a dividend of EUR 1.00 per share resolved
- Ratification of the actions of the Management Board and Supervisory Board by over 95%
- All proposed resolutions, including the transformation of legal form into SE & Co. KGaA, adopted with a large majority
- Johannes Laumann appointed to the Management Board of Mutares Management SE; Dr. Wolf Cornelius to become Senior Advisor
Munich, May 23, 2019 – The Annual General Meeting of Mutares AG (ISIN: DE000A2NB650) today approved the proposal of the Management Board and the Supervisory Board to once again pay a dividend of EUR 1.00 per share (previous year: EUR 1.00) for the past fiscal year. Including treasury shares, a total of around EUR 15.2 million (previous year: EUR 15.2 million) will thus be distributed from Mutares AG’s retained earnings. The actions of the members of the Management Board and the Supervisory Board in fiscal year 2018 were also approved by the shareholders. Voting presence at the Annual General Meeting was 52.9%.
In addition, the shareholders of Mutares AG accepted the proposal to transform Mutares AG into an SE & Co. KGaA. The legal and economic identity of the company remains unaffected by this transformation of legal form. The share capital of the Company remains unchanged as does the number of no-par value shares issued. The shareholders will hold the same number of no-par value shares in KGaA as before the transformation of legal form in Mutares AG. The shares of Mutares SE & Co. KGaA will be admitted to stock exchange trading as before. The previous ISIN DE000A2NB650 and WKN A2NB65 will remain unchanged. The transformation of legal form will take effect upon entry in the commercial register, which is expected in the coming weeks.
The other items on the agenda also received the clear approval of the Annual General Meeting. The voting results can be viewed at https://mutares.de/investor-relations/ .
Robin Laik, CEO of Mutares AG: “We are pleased to let our shareholders participate in the success of Mutares again this year and to distribute a dividend of EUR 1.00 per share as in the previous year. The approval of the change of form proposed by the Management Board and Supervisory Board encourages us to continue to increase the growth of the Group and the profitability of Mutares in the future”.
Changes in the Management Board
In addition, Mutares AG announces changes in the Management Board. Johannes Laumann will be a member of the Management Board of Mutares Management SE, which will take over the management of the company after the change of legal form to KGaA. He will be responsible for Investor Relations and M&A. The executive committee of Mutares Management SE will be completed by the existing members, the CFO, Mark Friedrich, the CRO, Dr. Kristian Schleede and the founding shareholder, largest shareholder and CEO, Robin Laik.
Mr. Laumann has been working for Mutares AG since May 2016 and was most recently Managing Director of the Mutares investment Donges Group. In 18 months, the company achieved an operative turnaround and organic growth, and with the strategic acquisitions of Kalzip, Normek and FDT, considerable inorganic growth. The Donges Group was successfully developed into a group with annual revenues of over EUR 230 million.
Dr. Wolf Cornelius, former member of the Management Board and COO, resigns from the Management Board upon implementation of the change of legal form and thereafter will be available to the Management Board of Mutares Management SE as Senior Advisor. With his wealth of experience from more than five decades of management activity in various industries, the Management Board will continue to rely on the expertise of Dr. Cornelius.
Volker Rofalski, Chairman of the Supervisory Board of Mutares AG: “Dr. Wolf Cornelius has helped to build and shape Mutares AG from the very beginning. For 11 years he has been working with great expertise and passion for the benefit of employees, business partners and investors. The Management Board and Supervisory Board would like to thank Dr. Wolf Cornelius warmly and are delighted to have him with the Mutares Group.”
Further information on the Annual General Meeting 2019 and the detailed voting results will be available shortly at www.mutares.de/investor-relations/Hauptversammlung.