08.05.2015
Wacker Chemie AG DE000WCH8881
DGAP-News: Wacker Chemie AG: ANNUAL SHAREHOLDERS' MEETING 2015: FOLLOWING A STRONG FIRST QUARTER, WACKER AIMS TO LIFT SALES ABOVE THE FIVE-BILLION-EURO THRESHOLD
DGAP-News: Wacker Chemie AG / Key word(s): AGM/EGM
Wacker Chemie AG: ANNUAL SHAREHOLDERS' MEETING 2015: FOLLOWING A
STRONG FIRST QUARTER, WACKER AIMS TO LIFT SALES ABOVE THE
FIVE-BILLION-EURO THRESHOLD
08.05.2015 / 14:50
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- EXECUTIVE AND SUPERVISORY BOARDS' PROPOSALS ADOPTED BY LARGE MAJORITY
OF SHAREHOLDERS
- DIVIDEND OF EUR1.50 FOR FISCAL 2014
- 2015 SALES AND EARNINGS EXPECTATIONS AFFIRMED
Munich, May 8, 2015 - Following a strong first quarter, Wacker Chemie AG
forecasts volume and sales gains for full-year 2015. This was underscored
by Rudolf Staudigl, CEO of the Munich-based chemical company, at the 2015
Annual Shareholders' Meeting. "We want to increase our sales by 10 percent
this year. That will take WACKER across the five-billion-euro threshold for
the first time," said Staudigl in his speech to some 1,000 shareholders at
the International Congress Center in Munich. Adjusted for non-recurring
effects, full-year earnings before interest, taxes, depreciation and
amortization (EBITDA) were also expected to rise slightly, said Staudigl.
In the first quarter of 2015, WACKER's sales and adjusted EBITDA figures
were markedly better both year on year and quarter on quarter.
In his speech, Staudigl detailed key projects to position the company in
the years to come. "2015 will be an eventful year for WACKER in many
respects," the CEO said. "Towards year-end, we want to produce the first
polysilicon at our new production site at Charleston, Tennessee (USA).
WACKER's single largest investment project ever opens up new prospects for
us. After China, the USA is the world's largest chemicals market and we see
a lot of future potential there."
For 2014, WACKER is distributing a dividend totaling EUR74.5 million to
shareholders, compared with EUR24.8 million a year earlier. The dividend
per dividend-bearing share is EUR1.50 after EUR0.50 a year ago. The
Executive and Supervisory Boards' other proposals were also adopted by
large majorities.
Resolutions and Voting Results
At today's Annual Shareholders' Meeting, 42,315,274 voting shares were
represented - 81.14 percent of all eligible shares (number of shares
outstanding: 49,677,983). The voting results were as follows for agenda
items 2 through 6:
Item 2: Resolution on the Appropriation of Profits
The Executive and Supervisory Boards proposed that 2014's retained profit
of EUR960.5 million be appropriated as follows: EUR74.5 million to be
distributed to shareholders and EUR886.0 million to be carried forward to
new account. The proposal was adopted. The result was:
- 42,196,002 Yes votes (99.97 percent)
- 14,056 No votes
Item 3: Resolution on the Ratification of the Actions of the Executive
Board
The proposal of the Executive and Supervisory Boards to ratify the acts of
the members of Wacker Chemie AG's Executive Board during fiscal 2014 was
adopted. The result was:
- 42,259,130 Yes votes (99.99 percent)
- 2,103 No votes
Item 4: Resolution on the Ratification of the Actions of the Supervisory
Board
The Executive and Supervisory Boards' proposal to ratify the acts of the
members of Wacker Chemie AG's Supervisory Board during fiscal 2014 was
adopted. The result was:
- 40,924,302 Yes votes (97.40 percent)
- 1,092,920 No votes
Item 5: Resolution on the Election of an Auditor
The Supervisory Board's proposal to appoint KPMG AG as auditor for fiscal
2015 was adopted. The result was:
- 40,988,499 Yes votes (96.97 percent)
- 1,280,894 No votes
Item 6: Resolution on the authorization to acquire treasury shares and on
their use, as well as on the exclusion of preemptive rights and rights to
tender.
The Executive and Supervisory Boards' proposal to authorize the Executive
Board to acquire treasury shares representing up to 10 percent of the
current share capital was adopted. The result was:
- 41,166,686 Yes votes (97.39 percent)
- 1,103,053 No votes
Note to editors: All documents relating to Wacker Chemie AG's 2015 Annual
Shareholders' Meeting can be downloaded from WACKER's website
(www.wacker.com) under Investor Relations.
This press release contains statements about the resolutions of the 2015
Annual Shareholders' Meeting. Said statements are not binding and serve the
sole purpose of providing an overview. They may not always correspond to
the exact wording and full extent of the resolutions adopted at the Annual
Shareholders' Meeting.
This press release contains forward-looking statements based on assumptions
and estimates of WACKER's Executive Board. Although we assume the
expectations in these forward-looking statements are realistic, we cannot
guarantee they will prove to be correct. The assumptions may harbor risks
and uncertainties that may cause the actual figures to differ considerably
from the forward-looking statements. Factors that may cause such
discrepancies include, among other things, changes in the economic and
business environment, variations in exchange and interest rates, the
introduction of competing products, lack of acceptance for new products or
services, and changes in corporate strategy. WACKER does not plan to update
the forward-looking statements, nor does it assume the obligation to do so.
For further information, please contact:
Wacker Chemie AG
Presse und Information
Christof Bachmair
Tel. +49 89 6279-1830
Fax +49 89 6279-1239
[email protected]
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Language: English
Company: Wacker Chemie AG
Hanns-Seidel-Platz 4
81737 München
Germany
Phone: 0049-89-6279-1633
Fax: 0049-89-6279-2933
E-mail: [email protected]
Internet: www.wacker.com
ISIN: DE000WCH8881
WKN: WCH888
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News-Service
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