Siltronic Annual General Meeting approves dividend of EUR 3 per share and new remuneration system for the Executive Board

There was a strong interest in Siltronic AG's virtual Annual General Meeting. A total of 72 percent of the voting capital was represented.

The shareholders approved the dividend payment of EUR 3 per share. "We have maintained our dividend policy also for the finanical year 2019 with a payout ratio of 40 percent of net income attributable to Siltronic shareholders. Our very solid net financial position allows us to do so without any problems," said Dr. Christoph von Plotho, CEO of Siltronic AG.

The Annual General Meeting also approved the new remuneration system for the Management Board. Siltronic is thus implementing the changed regulatory requirements for Executive Board compensation under ARUG II faster than required by law. "The new remuneration system will provide even stronger incentives for long-term corporate management. For example, the holding period for share-based variable compensation is extended and the Executive Board must also face comparison with its main competitors. It is also important to us to link variable remuneration to the company's sustainability strategy through non-financial targets," said Supervisory Board Chairman Dr. Tobias Ohler.

In addition, the renewed creation of authorised and conditional capital was approved, as was the renewed authorisation to issue convertible and/or warrant-linked bonds and to buy-back shares

The documents and voting results for the Annual General Meeting are available at www.siltronic.com under Investor Relations/ Annual General Meeting.

This website uses cookies to ensure the best experience on our website and to analyze the use of the website. You can change the settings at all times in "Manage settings".

Cookies and related technologies on this site

Please select YES or NO for each category before submitting your selection!

Please select if this website may use cookies or related technologies such as web beacons, pixel tags and flash objects ("cookies") as described below. You can learn more about how this site uses cookies and related technologies by reading our privacy policy below.

Functional

These cookies guarantee the correct operation of the site. Also called consent-free cookies or first party cookies.

The providers using cookies on this site are listed below. Where possible, you can choose to allow certain cookies on this site.

Name Provider
Name: TYPO3 backend
Provider: Siltronic AG

Cookies that are required and set for the use of the TYPO3 backend access.

Name: User controlled
Provider: Siltronic AG

Cookies, which are required and set for the basic function of our site.

Name: Google Tag Manager
Provider: Google Ireland Limited

The Google Tag Manager manages the JavaScript and HTML tags required for the use of tracking and analysis tools. The Google Tag Manager does not set any cookies itself.

Analytical cookies

These cookies collect anonymous information about how a website is used, e.g. how many visitors visit which pages. This is intended to improve the performance of the website and the user experience.

The providers using cookies on this site are listed below. Where possible, you can choose to allow certain cookies on this site.

Name Provider
Name: Google Analytics
Provider: Google LLC

With Google Analytics we collect anonymized user data that help us to improve the user experience on our website. To do this, we analyze usage statistics, e.g. Pageviews and clicks.