Vossloh's Annual General Meeting: Dividend payment approved for the 2017 fiscal year

At Vossloh AG's Annual General Meeting today in Düsseldorf shareholders approved the proposed dividend distribution of €1.00 per share by a large majority. Likewise, the shareholder representatives up for election were voted into the Supervisory Board. With Prof. Dr. Anne Christine D’Arcy again a woman joins Vossloh AG's Supervisory Board. In addition, Dr. Bernhard Düttmann was newly elected to the Supervisory Board. In total, around 67 percent of the share capital of Vossloh AG was represented at the Annual General Meeting. Those present also approved the remaining agenda items.

After no dividend was distributed for the fiscal years from 2014 to 2016 as part of the transformation of the Group, the shareholders will participate in the success of the core business in 2017. “Paying a dividend is a visible and groundbreaking sign of the progress that we have made and will continue to make,” emphasized Andreas Busemann, CEO of Vossloh AG, in his speech. The total payout is around €16 million.

The schedule also included the regular election of the four shareholder representatives for the Supervisory Board. Dr.-Ing. Volker Kefer, Chairman of the Supervisory Board since 2017, and Ulrich M. Harnacke, Chairman of the Audit Committee since 2014 and Deputy Chairman of the Board, were confirmed in their offices, and they were joined by two new Supervisory Board members, Prof. Dr. Anne Christine d’Arcy and Dr. Bernhard Düttmann. The new members are replacing Dr.-Ing. Wolfgang Schlosser and Ursus Zinsli, both of whom have stated that, in view of the existing age limit, they will refrain from renewing their candidacy for the Supervisory Board. The six-member Board will be completed by the employee representatives Michael Ulrich and Andreas Kretschmann. Following the Annual General Meeting, Dr.-Ing. Volker Kefer was confirmed as the Chairman at the inaugural meeting of the Supervisory Board, as was his previous Vice Chairman Ulrich M. Harnacke.

“The strategic alignment established the right parameters: the coming together of the divisions under the central idea of ‘One Vossloh’ and the focus on rail tracks. The right starting position has been established”, said Andreas Busemann in his speech that both looks back on the transformation and also forwards to the future. “Vossloh began to reinvent the rail system some time ago. Drawing on our rail expertise, which we have gathered over time, many innovative ideas and carefully selected partners, we will bring together the best of the analog and digital worlds to offer our customers the best possible track availability.” He sees that Vossloh is on a good path to increase added value for customers.

The full speeches from CEO Andres Busemann and CFO Oliver Schuster as well as the presentation material and the voting results from the Annual General Meeting are available online at www.hauptversammlung.vossloh.com .

05/09/2018

Vossloh's Annual General Meeting: Dividend payment approved for the 2017 fiscal year