voestalpine AG hereby announces that a shareholder has filed an action for rescission of the resolution adopted at the Annual General Meeting of voestalpine AG on July 3, 2019 electing Dr. Wolfgang Eder to the Supervisory Board of voestalpine AG.
As far as the voestalpine Group is concerned, the macroeconomic environment has clouded over significantly since the start of the business year 2019/20. By and large, this is due to the fallout from the international trade conflicts and the associated, growing weakness of the global economy, which affects above all Europe’s export-oriented industries, and the slumping automotive industry in particular.
Pursuant to the proposal of both the Management Board and the Supervisory Board, the 27th Annual General Meeting (AGM) of voestalpine AG today resolved a dividend of EUR 1.10 per share for the business year 2018/19. This year’s AGM also saw Herbert Eibensteiner take over as Chairman of the Management Board from Wolfgang Eder who, in turn, was elected to the Supervisory Board, the Group’s highest corporate body, along with four other new members as part of the reconstitution of the Supervisory Board.