DGAP-News: Scout24 AG / Key word(s): AGM/EGM
Annual General Meeting of Scout24 AG resolves dividend and paves the way for further capital repayments
In his speech, CEO Tobias Hartmann addressed the most important strategic, organizational and operational developments of the 2019 financial year. He illustrated the business model of the Scout24 Group, which focuses on the real estate segment, with examples and emphasized its excellent strategic positioning and high growth potential: "With ImmoScout24, we want to develop from a classifieds portal to a fully networked digital marketplace of the future. The ever-increasing interconnectedness opens up additional sources of revenue and associated growth opportunities for us. Our focus is on the further digitization of real estate transactions."
Dr Dirk Schmelzer, CFO of Scout24 AG, explained in his speech: "Through the successful sale of AutoScout24 we have realized considerable cash proceeds, some of which we have already used to repay debt. We therefore have a very healthy balance sheet structure in the current Covid-19 crisis. We want our shareholders to participate in this, too. In addition to the current share buyback program and this year's dividend payment, we will distribute a further EUR 1.2 billion to our shareholders in the coming year."
The reports and speeches of the Supervisory Board and Management Board were broadcast live on the Scout24 AG website. Duly registered shareholders were given the opportunity to follow the entire Annual General Meeting live via a protected internet service. A total of 78.43% of the voting share capital was represented. The following agenda items were put to a vote:
With Dr Elke Frank, Chief Human Resources Officer at Software AG, a new member was elected to the Supervisory Board of Scout24 AG. She succeeds Ciara Smyth, who was not available for re-election. The lawyer Dr Elke Frank has 20 years of management experience in listed companies and contributes to the competence profile of the Supervisory Board in particular with her expertise in the areas of personnel and remuneration.
The detailed voting results, the recording of the speeches of the Supervisory Board and Management Board and the corresponding presentation are available on the Scout24 AG website under www.scout24.com/en/General-meeting.
The information contained in this release is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results, including but not limited to the Company's financial position or profitability, to differ materially, also adversely, from those expressed or implied by the forward-looking statements. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this document (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.
|Phone:||+49 30 24301182 - 0|
|Fax:||+49 89 444 56 19 - 3278|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London|
|EQS News ID:||1073687|
|End of News||DGAP News Service|