General Meeting of Shareholders, May 23, 2007
Almost 1,800 shareholders and shareholder representatives attended the shareholders' General Meeting of the Salzgitter Group held on May 23, 2007 in the Stadthalle of Braunschweig. They represented 33,467,008 ordinary shares; this corresponds to equity capital of € 85,559,125 and 52.94 percent.
The agenda contained the following items:
- Presentation of the approved parent company financial statements for the 2006 financial year along with the related management report, as well as the consolidated financial statements, Group management report, and report of the Supervisory Board
- Resolution concerning the appropriation of retained earnings
- Resolution concerning the discharge of members of the Management Board
- Resolution concerning the discharge of members of the Supervisory Board
- Selection of the auditor for the 2007 financial year
- By-election of Supervisory Board members
- Authorization to acquire, sell, and withdraw own shares
- Authorization to increase capital with the option to exclude shareholder subscription rights, and a corresponding modification of the company bylaws (approved capital 2007)
- Authorization to issue option and convertible bonds with the option to exclude shareholder subscription rights, to increase capital on a conditional basis, and a corresponding modification of the company bylaws (conditional capital 2007)
- Resolution concerning the modification of § 11 of the company bylaws
The items submitted for the adoption of resolutions were approved with the requisite majority, with the exception of the items 8 and 9 (resolutions concerning the acquisition, sale and withdrawal of the company’s own shares) that failed to gain majority support by a thin margin.. The Chairman of the Supervisory Board of Salzgitter AG, Rainer Thieme, concluded the Shareholders' General Meeting at 3.20 p.m.