MLP

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Executive and Supervisory Boards propose dividends of 28 cents per share

  • MLP Annual General Meeting convenes at the Rosengarten Congress Center in Mannheim, Germany

Mannheim, 16th June 2009 – The MLP AG Annual General Meeting (AGM) convened this morning in Mannheim’s Rosengarten Congress Center at 10.00 am. The new Supervisory Board Chairman, Dr. Peter Lütke-Bornefeld, is chairing the shareholders’ meeting for the first time.

MLP Chief Executive Officer, Dr. Uwe Schroeder-Wildberg, looked back on the past business year in his opening speech. “We have proven, under extremely difficult prevailing conditions, just how sustainably we run our business,” he said. “Despite the financial crisis our total revenues almost matched the record level achieved in the preceding year, we managed business operations profitably and did not succumb to any involvement in high-risk capital market transactions.” MLP has an excellent capital base and a significant financial strength.

MLP’s high financial strength allows the Company to distribute almost 100 percent of net profits from continuing operations. The Executive and Supervisory Boards have therefore proposed a dividend of 28 cents per share to the AGM. This corresponds to total dividend payments of 30.2 million Euros.

Overview of the agenda items:

  • Resolution concerning the use of unappropriated profit as per December 31th 2008
  • Resolution on the discharge of the Executive Board for the financial year 2008
  • Resolution on the discharge of the Supervisory Board for the financial year 2008
  • Resolution on the selection of the auditor for the financial statements and the consolidated financial statements for the financial year 2009
  • Resolution on the selection of the auditor for the review of the semi-annual financial report 2009
  • Resolution on the authorisation to buy back and redeem own shares
  • Resolution on the consent to the transmission of information by means of remote data transmission and the corresponding change to the company’s Articles of Association
  • Resolution on the amendment of the Company’s Articles of Association regarding the type of proxy rights at the Annual General Meeting

Note: We will publish the voting results in a press release subsequent to the Annual General Meeting.