Fulda, 14 July 2023 – The shareholders of KAP AG (“KAP”), a listed, medium-sized industrial holding company (German securities identification number: WKN 620840; ISIN DE0006208408), today voted on all proposed resolutions at the Company’s 37th Annual General Meeting. For the first time in four years, the meeting was held in person again. Roughly 85% of the shareholders exercised their voting rights.
Among other matters, the joint proposal for the appropriation of profits presented by the Management Board and the Supervisory Board to distribute a dividend of €1.50 per voting share was approved by majority vote. This move yet again underscores KAP AG’s attractive and sustainable dividend policy.
Additional resolutions adopted by the Annual General Meeting included the exoneration of the Management Board and the Supervisory Board, the election of the auditor and group auditor for the 2023 financial year and the approval of the remuneration report.
“Given our good positioning in many markets and the long-term financial security we have achieved at holding company level combined with our ample headroom, we look to the future with optimism. To be sure, we have room for further improvement in terms of efficiency and effectiveness. We are working very consistently on a number of measures in this respect in order to reach our minimum target of a normalised EBITDA margin of 10 percent and exceed it even if macroeconomic conditions are unsatisfactory,” Eckehard Forberich, Spokesman of KAP AG’s Management Board, emphasised in his address to the shareholders.
KAP AG has published the detailed voting results on the agenda items on its website’s investor relations section at https://www.kap.de/en/investor-relations/general-meeting/agenda-documents
Contact:
KAP AG
Kai Knitter
Head of Investor Relations & Corporate Communications
investorrelations@kap.de
+49 661 103 327
About KAP AG
KAP AG is a listed industrial holding company focused on upper mid-size operating companies that seizes attractive growth opportunities in their respective niche markets. Specifically, KAP AG currently focuses on four distinct operating segments: engineered products, flexible films, surface technologies and precision components. The Group lets its shareholders participate in the long-term sustainable value development through an attractive dividend. KAP AG currently has some 2,700 employees at 24 locations in eleven countries. KAP AG is a Participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. KAP AG’s shares are listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006208408).