In his speech, Staudigl detailed key projects to position the company in the years to come. “2015 will be an eventful year for WACKER in many respects,” the CEO said. “Towards year-end, we want to produce the first polysilicon at our new production site at Charleston, Tennessee (USA). WACKER’s single largest investment project ever opens up new prospects for us. After China, the USA is the world’s largest chemicals market and we see a lot of future potential there.”
For 2014, WACKER is distributing a dividend totaling €74.5 million to shareholders, compared with €24.8 million a year earlier. The dividend per dividend-bearing share is €1.50 after €0.50 a year ago. The Executive and Supervisory Boards’ other proposals were also adopted by large majorities.
Resolutions and Voting Results
At today’s Annual Shareholders’ Meeting, 42,315,274 voting shares were represented – 81.14 percent of all eligible shares (number of shares outstanding: 49,677,983). The voting results were as follows for agenda items 2 through 6:
Item 2: Resolution on the Appropriation of Profits
The Executive and Supervisory Boards proposed that 2014’s retained profit of €960.5 million be appropriated as follows: €74.5 million to be distributed to shareholders and €886.0 million to be carried forward to new account. The proposal was adopted. The result was:
- 42,196,002 Yes votes (99.97 percent)
- 14,056 No votes
Item 3: Resolution on the Ratification of the Actions of the Executive Board
The proposal of the Executive and Supervisory Boards to ratify the acts of the members of Wacker Chemie AG’s Executive Board during fiscal 2014 was adopted. The result was:
- 42,259,130 Yes votes (99.99 percent)
- 2,103 No votes
Item 4: Resolution on the Ratification of the Actions of the Supervisory Board
The Executive and Supervisory Boards’ proposal to ratify the acts of the members of Wacker Chemie AG’s Supervisory Board during fiscal 2014 was adopted. The result was:
- 40,924,302 Yes votes (97.40 percent)
- 1,092,920 No votes
Item 5: Resolution on the Election of an Auditor
The Supervisory Board’s proposal to appoint KPMG AG as auditor for fiscal 2015 was adopted. The result was:
- 40,988,499 Yes votes (96.97 percent)
- 1,280,894 No votes
Item 6: Resolution on the authorization to acquire treasury shares and on their use, as well as on the exclusion of preemptive rights and rights to tender.
The Executive and Supervisory Boards’ proposal to authorize the Executive Board to acquire treasury shares representing up to 10 percent of the current share capital was adopted. The result was:
- 41,166,686 Yes votes (97.39 percent)
- 1,103,053 No votes
Note to editors: All documents relating to Wacker Chemie AG’s 2015 Annual Shareholders’ Meeting can be downloaded from WACKER’s website (www.wacker.com) under Investor Relations.
This press release contains statements about the resolutions of the 2015 Annual Shareholders’ Meeting. Said statements are not binding and serve the sole purpose of providing an overview. They may not always correspond to the exact wording and full extent of the resolutions adopted at the Annual Shareholders’ Meeting.
This press release contains forward-looking statements based on assumptions and estimates of WACKER’s Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward-looking statements, nor does it assume the obligation to do so.