DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): Dividend/AGM/EGM
Annual General Meeting of ProCredit Holding approves dividend of EUR 0.18 per share
A total of 72.93% of the registered share capital participated in the voting. The Annual General Meeting approved by a large majority all of the proposals that were put to the vote.
The Management Board reported on the positive operating performance of the ProCredit group in the 2020 financial year and in the first months of the current year. With 9.5% growth in the customer loan portfolio and another positive consolidated result of EUR 41.4 million, the ProCredit group had demonstrated the soundness of its sustainability-oriented business model in the challenging environment of 2020 posed by COVID-19. With portfolio growth of 3.0% and a consolidated result of EUR 15.6 million for the first quarter, up by EUR 1.9 million on the previous year's figure, ProCredit has also made a good start to the current financial year 2021.
The Annual General Meeting approved the actions of the General Partner and Supervisory Board in the 2020 financial year.
The Annual General Meeting also resolved to pay a dividend of EUR 0.18 per share. This amount corresponds to a value of 20 basis points of the Common Equity Tier 1 capital ratio of the ProCredit group and thus to the European Central Bank's recommended maximum amount for dividend distributions, which is in effect until 30 September 2021. In addition, the Management Board, in coordination with the Supervisory Board, intends to propose to an Extraordinary General Meeting, to be held by 31 December 2021 at the latest, that a further dividend of EUR 0.35 per share be distributed for the 2020 financial year, provided that no recommendation from the German Federal Financial Supervisory Authority or the European Central Bank precludes such distribution.
As part of the Supervisory Board elections, Mr Rainer Ottenstein was re-elected to the Supervisory Board after his regular term of office expired. In addition, Mr Christian Krämer and Mr Petar Slavov had resigned from their positions as members of the Supervisory Board of ProCredit Holding AG & Co. KGaA as of the end of this year's Annual General Meeting. Ms Jovanka Joleska Popovska and Dr Jan Martin Witte were newly elected to the company's Supervisory Board in their place. Ms Jovanka Joleska Popovska served for many years as Managing Director of ProCredit Bank North Macedonia and is today a member of the supervisory boards and the respective audit committees of the ProCredit banks in Moldova and Albania. Dr Jan Martin Witte is Director of Global Equity and Funds (LNd) in the Development Bank division of Kreditanstalt für Wiederaufbau (KfW). He also has many years of experience in development finance. The Chairman of the Supervisory Board of ProCredit Holding, Dr Claus-Peter Zeitinger, speaking also on behalf of the other Supervisory Board members, thanked Mr Christian Krämer and Mr Petar Slavov for their commitment and their valuable contribution over the past years, and welcomed Ms Jovanka Joleska Popovska and Mr Jan Martin Witte warmly to the Supervisory Board of ProCredit Holding.
BDO AG Wirtschaftsprüfungsgesellschaft, Hamburg, was appointed as auditor of the group's consolidated financial statements for the 2021 financial year.
The results of the voting on the individual agenda items as well as further information on the Annual General Meeting will be published on the company's website at https://procredit-holding.com/investor-relations/general-meetings/ .
About ProCredit Holding AG & Co. KGaA
28.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
ProCredit Holding AG & Co. KGaA
60486 Frankfurt am Main
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange
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