The Ordinary Shareholders' Meeting of Lenzing AG resolved to distribute a dividend of EUR 2.00 per share for the 2012 financial year (compared to EUR 2.50 per share for the previous year). This consists of a minimum dividend of EUR 1.75 per share as well as an anniversary bonus of EUR 0.25 per share on the occasion of the company's 75 years in business. The dividend payment has been scheduled for April 30, 2013, with April 26, 2013 set as the exdividend day.
Furthermore, Franz Gasselsberger was elected to the Supervisory Board for the first time. Mr. Gasselsberger is Chief Executive Officer of Oberbank AG, a longstanding and important shareholder of Lenzing AG. He will strengthen the professional competence of the Supervisory Board, particularly on the basis of his financial expertise. The Supervisory Board mandates of Michael Junghans and Patrick Prügger were extended for a further three years.
Accordingly, the Supervisory Board now consists of Michael Junghans, Helmut Bernkopf, Franz Gasselsberger Josef Krenner, Martin Payer and Patrick Prügger as well as 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 2012 financial year. Moreover, the Ordinary Shareholders' Meeting resolved upon the remuneration for the Supervisory Board members for the 2012 financial year.
Deloitte Audit Wirtschaftsprüfungsgesellschaft mbH, Vienna, was appointed as the auditor of the annual accounts and the consolidated financial statements for the 2013 financial year.
The subsequent constituent meeting of the new Supervisory Board re-elected Michael Junghans as Chairman of the Supervisory Board and Veit Sorger to serve as the Deputy Chairman.
Press release Box-ID: 591408
Lenzing AG
Werkstraße 2
4860
Lenzing,
Austria
http://www.lenzing.com
Contact
Ms
Angelika
Guldt
+43 7672 7012713
Lenzing AG
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 and is the leading supplier in many business-to-business markets. The portfolio ranges from dissolving pulp, standard and specialty cellulose fibers and 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. Our successful specialization strategy and an outstanding cost position are the basis for our economic strength.
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 2012:
Sales: EUR 2.09 bn
Export share: 91.1%
Fiber sales volumes: 810,000 tons
Staff: 7,033
