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DGAP-News: Ludwig Beck am Rathauseck textile Hausfeld Meier AG: Notice of Annual General Meeting 2010

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Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The content of the The issuer / publisher is solely responsible.
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Venue: Hotel Hilton Munich Park Am Tucher Park 7, 80538 Munich
Munich, 17 May 2010 – the LUDWIG BECK AG (ISIN 0005199905) On 11 May 2010 its Annual Ordinary General Meeting carried out to the approximately 500 shareholders and shareholder representatives appeared. From the capital were about 87%, higher than 3.2 million votes represented. The general meeting was held in Munich. All Agenda items were given a very high approval.
The Annual Meeting of LUDWIG BECK AG approved the proposal of the Management Board and Supervisory Board unanimously approved a dividend of dividend of 0.35 EUR per share. At 3.695 million dividend shares is the dividend distribution for the Fiscal year 2009 approximately 1.3 million EUR. The remaining amount of approximately EUR 0.5 million of Net income is adjusted to other revenue reserves. The Dividend will be again this year without deduction of capital gains tax paid.
Executive Board and Supervisory Board were ratified, the remaining Agenda were adopted by a very large majority. As Auditor for the fiscal year 2010 was the BTU Treuhand Union Munich, accounting firm, Munich, ordered.
‘We are on our business development very proud, for the record results achieved in fiscal 2009 has shown us again that we are just in the ‘shopping experience’ at the Marienplatz and over again, achieved a unique atmosphere creating, in which the customers in an unfavorable continue economic environment have joy in shopping ‘, Dieter Münch, CFO of LUDWIG BECK AG. ‘We also want the current fiscal year continue our strategy of trading up and so far our achievements continued to expand, ‘said Münch concludes.
Positive forecast confirmed
The management of the LUDWIG BECK AG confirmed its expectations for the current fiscal year 2010 and going on a result of Income taxes of about EUR 6.0 million and an EBT margin of from about 6.9%. The previous sales and earnings this has the Management surprisingly very positive.
The votes on the various agenda items ran as follows:
Agenda Item 2 ‘appropriation of profit’:
Yes votes 3,234,929, Against 0, Abstentions 750th So was proposed by the administration to use the profits with 100.00%
adopted.
Agenda item 3 ‘Discharge of the members of the Board’:
3,228,729 votes, votes against 0, abstentions 950th So was proposed by the administration to discharge to the Board at 100.00 %
adopted.
Agenda Item 4 ‘discharge of the Supervisory Board ‘:
3,082,828 votes, 2200 negative votes, abstentions 100th So was proposed by the administration to discharge the Supervisory Board with 99.93%
adopted.
Agenda Item 5 ‘choice of auditors for Fiscal year 2010 ‘:
3,235,479 votes, votes against 0, abstentions 200th So the proposal of the Supervisory Board, the BTU Treuhand Union Munich, accounting firm, Munich, for to select auditors for the fiscal year 2010, 100.00% adopted.
Agenda item 6 ‘decision to cancel of § 16 para 3 of the Statute and the addition of Articles of Association to a new § 16a (restriction of speech and Question the right of shareholders in general meeting) ‘:
2,902,792 votes, 332,137 votes against, abstentions 750th This was the proposal for decision on the withdrawal of § 16 para 3 of the Statute and the addition of Statutes § 16a with a new 89.73%
adopted.
Agenda item 7 ‘elections to the Supervisory Board’:
Dr. Steffen Stremme electoral votes 3,232,778, Against 2901, Abstentions 0th This was the proposal of the Supervisory Board for the election of Dr. Stremme as shareholder representatives on the Supervisory Board with 99.91% adopted.
For more information on the individual voting results to the website of the LUDWIG BECK AG (www.ludwigbeck.de removed) be.
Contact Investor Relations: esVedra consulting GmbH Metis Tarta plug +49 89 28808-133 mts@esvedragroup.com
Contact Corporate Accounting: LUDWIG BECK on Rathauseck Jens Schott +49 89 23691-798 @ jens.schott ludwigbeck.de
05.17.2010 10:16 Ad-hoc reports, financial news and Press releases transmitted by DGAP. Media Library under http://www.dgap-medientreff.de and http://www.dgap.de
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Language: German Company: Ludwig Beck am Rathauseck textile Hausfeld Meier AG
Marienplatz 11
80331 München
Germany Phone: +49 (0) 89 2 36 91-0 Fax: +49 (0) 89 2 36 91-600 E-mail: info@ludwigbeck.de Internet: www.ludwigbeck.de ISIN: DE0005199905 WKN: 519 990 Listed: Regulated Market in Frankfurt (Prime Standard), München;
Unofficial Market in Berlin, Düsseldorf, Hamburg, Stuttgart
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