GESCO Annual General Meeting resolves change in the Supervisory Board


Wuppertal, 25 July 2013 – The Annual General Meeting of SDAX-listed GESCO AG today resolved, among other things, a dividend of € 2.50 per share and the election of a new member of the Supervisory Board.

This dividend is in line with policy followed by GESCO AG for many years; the company aims to distribute around 40 % of Group net income after minority interest, adjusted for possible one-off effects, to shareholders.

The entrepreneur Stefan Heimöller, the largest single company shareholder who holds more than 13 % of the shares, was elected to the Supervisory Board. He succeeds Willi Back, who resigned from his position effective as of the end of today’s Annual General Meeting as part of a long-planned handover to a new generation. Willi Back played a significant role in the shaping of GESCO AG’s business model, was Chairman of the Executive Board for many years, and was appointed to the Supervisory Board in 2004. The Supervisory Board’s current term ends upon conclusion of the Annual General Meeting, which will approve the actions of the Supervisory Board for financial year 2014/2015.

In addition to the distribution and the Supervisory Board election, the agenda included the usual proposals. All points on the agenda were approved by a large majority.