53113 Bonn, de
Prof. Wulf von Schimmelmann once again elected as Chairman of the Supervisory Board of Deutsche Post AG
In addition, the Annual General Meeting provided its vote of confidence by large majorities to the Board of Management and Supervisory Board for financial year 2012 with 99.83 percent and 99.67 percent respectively. Shareholders with 90.32 percent of the company's share capital present also elected Prof. Wulf von Schimmelmann once more to the Supervisory Board of Deutsche Post AG. As a result, Prof. von Schimmelmann, who was again appointed to be Chairman of the Supervisory Board during its constituent meeting following the Annual General Meeting, has now been appointed to serve in the supervisory body of Deutsche Post AG until the Annual General Meeting of 2018.
Moreover, shareholders with 99.70 percent of the company's share capital present also voted to convert the remuneration of the Supervisory Board to a purely fixed remuneration. This step ensures that Supervisory Board members provide their guidance and supervision irrespective of remuneration interests. The new remuneration structure fully complies with the recommendations of the German Corporate Governance Code.
Finally, the Board of Management was once again authorized to issue bonds with warrants, convertible bonds or income bonds as well as profit participation certificates in the aggregate amount of up to €1.5 billion. The Annual General Meeting also once again authorized the Board of Management to increase the share capital by up to €240 million by issuing up to 240 million shares. Both authorizations will expire in May of 2018.
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