EQS-News: Lenzing AG: Lenzing Annual General Meeting approves all agenda items
EQS-News: Lenzing AG / Key word(s): AGM/EGM
Lenzing AG: Lenzing Annual General Meeting approves all agenda items
26.04.2022 / 16:11
The issuer is solely responsible for the content of this announcement.
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Lenzing Annual General Meeting approves all agenda items
• Dividend of EUR 4.35 per share approved
• Lenzing Supervisory Board reduced from ten to nine elected members
• Dipl.-Bw. Peter Edelmann steps down from the Supervisory Board at his
request
• Cord Prinzhorn, MBA, elected Chairman of the Supervisory Board
Lenzing – The 78^th Annual General Meeting of Lenzing AG on Tuesday, April
26, 2022, passed a resolution to pay a dividend of EUR 4.35 per share in
accordance with the Managing Board’s profit distribution proposal, which
had been approved by the Supervisory Board. As a consequence, the payment
of the dividend amounts to a total of EUR 115,492,500. The payment will be
made on May 03, 2022.
The Annual General Meeting formally discharged the members of the Managing
Board and the Supervisory Board from liability for the 2021 financial
year, and set in advance the remuneration for the members of the
Supervisory Board for the 2022 financial year. In addition, a vote was
hold concerning the principles for the remuneration of the members of the
Managing Board and the Supervisory Board (remuneration policy). The
remuneration policy of Lenzing AG for the performance-based remuneration
of the Managing Board is linked not only to financial performance criteria
but also to non-financial sustainability criteria (ESG), which further
promote the sustainable business strategy.
KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was
appointed to serve as the auditor of both the separate and the
consolidated financial statements for the 2022 financial year.
Elections to the Supervisory Board
Dipl.-Bw. Peter Edelmann stepped down from the Supervisory Board upon his
own request, at the end of the Annual General Meeting. Mr. Edelmann has
served as a member of the Supervisory Board since 2018 and as its Chairman
since 2019, as well as on all committees of Lenzing AG. „We would like to
thank Peter Edelmann for his dedicated and undaunted work as Chairman of
the Supervisory Board of Lenzing AG. Over these four years, Lenzing has
launched the two largest investment projects in its corporate history and
also successfully implemented them, despite the challenges posed by
COVID-19. With his undisputed abilities and broad experience, Mr. Edelmann
has played a key role in this strategic transformation of the company into
a supplier of wood-based specialty fibers, thereby securing the basis for
profitable growth,“ comments Stephan Sielaff, CEO of Lenzing AG.
The Annual General Meeting passed a resolution to extend the Supervisory
Board mandates of Mag. Patrick Prügger (until the AGM that passes related
resolutions concerning the 2022 financial year) and of Dr. Astrid
Skala-Kuhmann (until the AGM that passes related resolutions concerning
the 2025 financial year).
The Supervisory Board of Lenzing AG now consists of nine members elected
by the AGM: Mag. Helmut Bernkopf, Dr. Christian Bruch, Dr. Stefan Fida,
Dr. Markus Fürst, Dr. Franz Gasselsberger, Melody Harris-Jensbach, Cord
Prinzhorn, MBA, Mag. Patrick Prügger and Dr. Astrid Skala-Kuhmann. Herbert
Brauneis, Ing. Daniela Födinger, Helmut Kirchmair, Georg Liftinger und
Johann Schernberger were appointed to the Supervisory Board by the Works
Council.
At the constitutive Supervisory Board meeting following the AGM, Cord
Prinzhorn, MBA, who had returned to the Supervisory Board after serving as
CEO on an interim basis, was elected Chairman, and Dr. Stefan Fida was
elected Deputy Chairman of the Supervisory Board.
Your contact for Investor Relations:
Public Relations:
Sébastien Knus
Dominic Köfner Vice President Capital Markets
Vice President Corporate Communications & Lenzing Aktiengesellschaft
Public Affairs Werkstrasse 2, 4860 Lenzing,
Lenzing Aktiengesellschaft Austria
Werkstrasse 2, 4860 Lenzing, Austria
Phone +43 7672 701 3599
Phone +43 7672 701 2743 E-mail [3]s.knus@lenzing.com
E-mail [1]media@lenzing.com Web [4] www.lenzing.com
Web [2] www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for the ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments. The Lenzing
Group’s high-quality fibers form the basis for a variety of textile
applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistently high quality,
their biodegradability and compostability. Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
The Lenzing Group’s business model extends far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. Lenzing
has a clear vision to reduce the speed of global warming and to accomplish
the climate targets of the Paris Agreement and the EU Commission’s „Green
Deal“: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2021
Revenue: EUR 2.19 bn
Nameplate capacity: 1,145,000 tonnes
Employees: 7,958
TENCEL(TM), VEOCEL(TM), LENZING(TM), REFIBRA(TM), ECOVERO(TM), LENZING
MODAL(TM), LENZING VISCOSE(TM), MICROMODAL(TM) and PROMODAL(TM) are
trademarks of Lenzing AG.
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26.04.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1335773
End of News EQS News Service
1335773 26.04.2022
References
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3. s.knus@lenzing.com
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