PALFINGER news

Resolutions of the General Meeting

07.04.2021

PALFINGER AG / Results of the 33rd Annual General Meeting - Dividend Distribution of EUR 0.45 per Share, Three Members Appointed to the Supervisory Board, Authorization to Acquire Treasury Shares Approved

 

Today's 33rd Annual General Meeting of PALFINGER AG, which was held in Lengau with the virtual participation of 244 shareholders with voting rights, resolved, among other things, to distribute a dividend of EUR 0.45 per share. This corresponds to a total dividend payout of around EUR 16.9 million for the fiscal year 2020. The actions of the members of the Executive Board and the Supervisory Board were ratified and PwC Wirtschaftsprüfungs GmbH was appointed as the auditor of the financial statements and the consolidated financial statements for the fiscal year 2021. The Annual General Meeting also re-elected Hannes Palfinger and Gerhard Rauch to the Supervisory Board. Prof. Dr. Sita Mazumder was also appointed as a new member of the Supervisory Board, succeeding Dr. Heinrich Dieter Kiener. Prof. Dr. Sita Mazumder was born in Switzerland and has a strong international track record as a business owner, a long academic career and, as an economist and computer scientist, also brings professional expertise in the field of digitalization, among other things. The remuneration report for the fiscal year 2020 - prepared by the Executive Board and Supervisory Board and submitted to the Annual General Meeting for voting - was also adopted by the Annual General Meeting. In addition, the Executive Board was authorized to acquire treasury shares up to an amount of 10 percent of the share capital on and off the stock exchange subject to the reverse exclusion of subscription rights, to sell or use treasury shares other than on the stock exchange or by means of a public offering subject to the application of the provisions relating to the exclusion of shareholders' subscription rights, and to reduce the share capital by retiring these treasury shares without any further resolution by the Annual General Meeting.


ABOUT PALFINGER AG

The international mechanical engineering firm of PALFINGER is the world’s leading producer of innovative crane and lifting solutions. With around 12,000 employees, 34 manufacturing sites and a worldwide network of dealerships and service centers at over 5,000 locations, PALFINGER takes on its customers’ challenges and creates added value. PALFINGER is consistently continuing on its course as a provider of innovative, complete solutions that deliver increased efficiency and better operability, while leveraging the potential of digitization along the entire production and value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2021 achieved record revenue of EUR 1.84 billion. In 2022, PALFINGER celebrates its 90th anniversary under the tagline “Celebrating the future since 1932.”

 

For further information please contact:

Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com

Texts and accompanying images are available in the “News” section of www.palfinger.ag, www.palfinger.com.