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Shareholders approve substantial dividend increase

Shareholders elect Dr. Wolfgang Porsche for a further term of office on the Supervisory Board   The shareholders of Volkswagen Aktiengesellschaft present and represented at the 53rd Annual General Meeting held in Hanover on Thursday voted by a majority of 99.99 percent to pay a dividend of €3.50 (previous year: €3.00) per ordinary share and €3.56 … Continued

  • Shareholders elect Dr. Wolfgang Porsche for a further term of office on the Supervisory Board  

The shareholders of Volkswagen Aktiengesellschaft present and represented at the 53rd Annual General Meeting held in Hanover on Thursday voted by a majority of 99.99 percent to pay a dividend of €3.50 (previous year: €3.00) per ordinary share and €3.56 (€3.06) per preferred share as recommended by the Board of Management and the Supervisory Board. Approximately €1.6 billion will therefore be appropriated from the net profit of Volkswagen AG.

The resolutions on formal approval of the actions of the members of the Board of Management and of the actions of the members of the Supervisory Board for fiscal 2012 were passed by 91.96 percent of the ordinary stockholders.

Dr. Wolfgang Porsche was returned for a further term on the Supervisory Board.

Furthermore, the shareholders at the Annual General Meeting approved the conclusion of a control and profit and loss transfer agreement between Volkswagen Aktiengesellschaft and Porsche Holding Stuttgart GmbH, Stuttgart, between Volkswagen Aktiengesellschaft and Porsche Erste Vermögensverwaltung GmbH, Stuttgart, and between Volkswagen Aktiengesellschaft and Porsche Siebte Vermögensverwaltung GmbH, Stuttgart.

https://www.automotiveworld.com/news-releases/shareholders-approve-substantial-dividend-increase/

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