General Meeting of Shareholders, May 26, 2005
Around 1,500 shareholders and shareholder representatives attended the Annual Shareholders’ Meeting which took place on May 26, 2005 in the Stadthalle of Braunschweig. All together, the shareholders present made up 24,193,723 units, which corresponds to a capital of 38.34 %.
The following points were on the Agenda:
- Presentation of the adopted annual financial statements for the financial year 2004, with the Management Report as well as the consolidated financial statements, the Group Management Report and the Report of the Supervisory Board.
- Resolution on the appropriation of the balance sheet profit (€ 0.40 per share) and the discharging of the Executive Board and the Supervisory Board.
- Choice of Hanover-based PwC Deutsche Revision Aktiengesellschaft Wirtschaftsprüfungsgesellschaft as the external auditor for the financial year 2005.
- Authorization for the acquisition of own shares .
- Approval of control and profit transfer agreements between Salzgitter AG and two wholly-owned subsidiaries.
The applications for resolution were approved with a majority of more than 99.2 %. Dr. Wilfried Lochte, Chairman of the Supervisory Board of Salzgitter AG, closed the Shareholders’ Meeting at 2.50 p.m.