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

PALFINGER is an international technology and mechanical engineering company and the world's leading provider of innovative crane and lifting solutions. With about 11,000 employees, 34 locations and a worldwide sales and service network of around 5,000 service points, PALFINGER guarantees customers immediate and optimal proximity.

As the leader in its engineering field, the company aims to ensure its partners’ business success in the long term by providing solutions and products that remain economically and ecologically viable in the future. Its broad product and model portfolio allow PALFINGER to take digitalization and the deployment of artificial intelligence to new levels.

As a global company with strong roots in its home region, PALFINGER is convinced that thinking and acting in the interest of sustainability plays a vital role in successful business operations. That is why the company assumes social, ecological and economic responsibility along the entire value chain.

PALFINGER AG has been listed on the Vienna Stock Exchange since 1999 and achieved a revenue of EUR 1.53 billion in 2020.

For further information please contact:

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

This text and the corresponding images are available under “News” at PALFINGER’s website www.palfinger.ag, www.palfinger.com.