This year’s annual general meeting of the shareholders of TOMORROW FOCUS AG was held today at the Haus der Bayerischen Wirtschaft in Munich and was attended by around one hundred shareholders and shareholder representatives. In line with the pleasing record of high attendance in previous years, together they accounted for around 80 percent of the company’s share capital with voting rights. All the items on the agenda requiring approval were adopted by large majorities.
The shareholders present at the general meeting elected Holger Taubmann to the company’s Supervisory Board. The election became necessary after the announcement by Annet Aris that she intended to step down at the end of the annual general meeting.
Holger Taubmann is Senior Vice President Distribution at Amadeus IT Group S.A., a leading global provider of IT solutions for the tourism industry based in Spain.
Resolutions to approve the actions of the Management Board and the Supervisory Board were passed by large majorities.
A resolution to pay a dividend of EUR 0.06 per qualifying share was also approved by the shareholders. As the dividend will be paid fully out of the contribution account for tax purposes, as defined in section 27 of the German Corporation Tax Act (Körperschaftssteuergesetz, KStG), there will be no deductions of capital gains tax or solidarity surcharge. In most cases, dividends paid to domestic shareholders are not subject to taxation.
A detailed breakdown of today’s voting results for each agenda item and a transcript of the presentation made to the shareholders at the general meeting can be found here.