Today’s 48th Annual General Meeting of the Group held in the Congress Centrum Hannover was attended by approximately 2.200 shareholders and shareholder representatives as well as 290 guests and members of the press. They represented 118.538.125 shares corresponding to capital of 303.042.716,56 euros (47.22 percent).
The Agenda included the amendment of the charter with regards to the long-term variable remuneration for the Supervisory Board. The resolution to change the relevant section of the charter was approved; also, the resolution to amend section 21 of the charter to add a new paragraph 6 ‘Electronic transmission of information to shareholders’ was approved. Furthermore, the resolution for a new authorization to acquire and use own shares under Section 71 Para 1 No. 8 AktG, and to exclude the subscription right was passed with a strong majority.
Other items on the agenda included the presentation of the adopted annual financial statements for the financial year 2006, the management report, and the approved consolidated financial statements, group management report and the report of the Supervisory Board. Resolutions where then passed on the appropriation of the balance-sheet profit for the financial year 2006 and on the formal approval of the activities of the Executive Board as well as the Supervisory Board in the financial year 2006. Finally, PwC Deutsche Revision Aktiengesellschaft Wirtschafts-prüfungsgesellschaft, Hanover, was appointed by the Annual General Meeting to audit the financial statements for the 2007 financial year.
All applications for resolution were accepted with more than 97 percent of votes in favour. The Annual General Meeting was closed at 17:30 hrs by the Chairman of the Supervisory Board of TUI AG, Dr. Jürgen Krumnow.
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