The Group’s 51st ordinary Annual General Meeting, held at the Hanover Congress Centre today, was attended by around 2,000 shareholders, shareholder representatives and guests. The attendance corresponded to 68.22 per cent of the capital stock (previous year: 68.93 per cent).
The voting results were as follows:
- Under agenda items 3 to 5 (Ratification of the actions of Executive Board and Management Board, appointment of an auditor), the proposals for resolutions by the management were passed with clear majorities.
- Under agenda item 6, Professor Dr Klaus Mangold was elected to the Supervisory Board as a shareholder representative for the remaining term of office of the Supervisory Board until the close of the ordinary Annual General Meeting 2011.
- Under agenda item 7, the proposal for a resolution by the management (Amendment to the Articles of Association: Reducing the size of the Supervisory Board from 20 to 16 members as of Annual General Meeting 2011) was passed at 76.67 per cent of the votes.
- Under agenda item 8 (Vote on the remuneration system for TUI AG Executive Board members), the proposal for a resolution by the management was passed at 69.32 per cent of the votes.
- Under agenda item 9 (Appointment of a special auditor pursuant to section 142 (1) of the German Stock Corporation Act to examine the recapitalisation of Hapag-Lloyd AG), the motion for a resolution was rejected at 68.57 per cent of the votes.
- Under agenda item 10 (Appointment of a special auditor pursuant to section 142 (1) of the German Stock Corporation to examine the publication of insider information in connection with the issuance and placement of the convertible bond in October/November 2009) the motion for a resolution was rejected at 74.67 per cent of the votes.
- No motions were filed concerning agenda items 11 to 13, so that no resolution were adopted on these items.
The Annual General Meeting was closed at 8:25 p.m. by the chairman of the meeting.