Lenzing Ordinary Shareholders' Meeting Resolves to Distribute a Dividend of EUR 1.75 per Share
Furthermore, Hanno Bästlein was elected to the Supervisory Board at the Ordinary Shareholders' Meeting for the first time. The Supervisory Board mandate of Andreas Schmidradner was extended.
Martin Payer resigned from his position on the Supervisory Board at his own request.
Accordingly, the Supervisory Board of Lenzing AG now consists of Michael Junghans, Hanno Bästlein, Helmut Bernkopf, Franz Gasselsberger, Josef Krenner, Martin Prügger, Andreas Schmidradner, Astrid Skala-Kuhmann and Veit Sorger.
Today's Ordinary Shareholders' Meeting also adopted a resolution discharging the members of the Management Board and Supervisory Board for the 2013 financial year. Moreover, the Ordinary Shareholders' Meeting resolved upon the remuneration for the Supervisory Board members for the 2013 financial year. Deloitte Audit Wirtschaftsprüfungsgesellschaft mbH, Vienna, was appointed as the auditor of the annual and the consolidated financial statements for the 2014 financial year.
In addition the Management Board was authorized, contingent upon the formal approval of the Supervisory Board, to purchase own shares amounting to up to 10% of the company's share capital. Furthermore, the Ordinary Shareholders' Meeting also resolved that the Supervisory Board will be allowed to elect several deputy chairpersons in the future instead of only one as in the past.
The subsequent constituent meeting of the new Supervisory Board re-elected Michael Junghans as Chairman of the Supervisory Board and elected Hanno Bästlein and Veit Sorger to serve as the Deputy Chairmen.
The Lenzing Group is a world market leader with headquarters in Austria, production sites in all major markets as well as a worldwide network of sales and marketing offices. Lenzing supplies the global textile and nonwovens industry with high-quality man-made cellulose fibers. The portfolio ranges from dissolving pulp, standard and specialty cellulose fibers to engineering services.
Lenzing quality and innovative strength set global standards for man-made cellulose fibers. With 75 years of experience in fiber production, the Lenzing Group is the only company worldwide combining the manufacturing of all three man-made cellulose fiber generations on a large industrial scale under one roof - from the classic viscose to modal and lyocell (TENCEL®) fibers. The success of the Lenzing Group results from a unique combination of consistent customer orientation together with its leadership in innovation, technology and quality. Lenzing is committed to the principle of sustainable management and very high environmental standards.
Lenzing's core business fibers is complemented by our activities in the business field engineering.
Key Figures Lenzing Group 2013:
Sales: EUR 1.91 bn
Export share: 90,8%
Fiber sales volumes: 890,000 tons