Company

Annual General Meeting of Scout24 AG approves all proposed resolutions with large majorities

  • Dividend of EUR 0.82 per share
  • New remuneration system of the Management Board
  • Transformation into a SE
  • Authorisation to repurchase further shares

Munich, 8 July 2021 - Today’s Annual General Meeting of Scout24 AG approved all resolutions proposed by the Company with large majorities. Due to the restrictions caused by the Covid-19 pandemic, the Annual General Meeting was held as a purely virtual event without the physical presence of shareholders or their proxies for the second year in a row. Key agenda items were the dividend of EUR 0.82 per share, the new remuneration system of the Management Board, the planned transformation of the Company into a Societas Europaea (SE) as well as the authorisation to purchase further treasury shares.

In his speech, CEO Tobias Hartmann addressed the most important strategic and operational developments of the financial year 2020, which was affected by the Covid-19 pandemic. By giving examples, he explained how real estate transactions become more efficient through various ImmoScout24 product initiatives. This contributes to the ecosystem strategy of the Scout24 Group. "Scout24 is much more than just a pure classifieds portal these days. We are developing into a comprehensive market network for real estate. Our goal is to connect all parties involved in a real estate transaction. We offer them various digital tools which can also be utilised in the longer term. This is how we want to strengthen our market position, creating a sustainable value for our shareholders,” said Tobias Hartmann about the company's long-term strategy.

Dr Dirk Schmelzer, Chief Financial Officer of Scout24 AG, explained the financial and economic situation of the Group: "So far, we have successfully mastered the Covid-19 crisis while demonstrating further growth and resilience. Now the focus will be on leveraging the additional growth opportunities in the market as best as possible."

The reports and presentations 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 76.19% of the voting share capital was represented. The following agenda items were put to a vote:
 

Voting results

Item

 

Valid votes
(% of share capital)

Yes votes
(% of valid votes)

Resolution

2

Resolution on the distributable profit for 2020

76.18%

99.55%

approved

3

Approval of the acts of the members of the Management Board

75.98%

98.85%

approved

4

Approval of the acts of the members of the Supervisory Board

72.79%

88.91%

approved

5

Election of the auditor

76.13%

93.31%

approved

6

Approval of the remuneration system of the Management Board

72.69%

91.88%

approved

7

Resolution on the remuneration of the Supervisory Board

75.41%

99.87%

approved

8

Transformation into a Societas Europaea - SE

76.03%

99.55%

approved

9

Authorisation to purchase treasury shares

76.11%

94.08%

approved

 

 

 

 

 

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/investor-relations/annual-general-meeting.
 

About Scout24
Scout24 is one of the leading digital companies in Germany. With the digital marketplace ImmoScout24, for residential and commercial real estate, we successfully bring together homeowners, real estate agents, tenants, and buyers - and we have been doing so for more than 20 years. With around 13.8 million users per month, ImmoScout24 is the market leader for digital real estate listing and search. To digitise the process of real estate transactions, ImmoScout24 is continually developing new products and building up an ecosystem for renting, buying, and commercial real estate in Germany and Austria. Scout24 is a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX and the DAX50 ESG. Further information is available on Twitter and LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian real estate market.


Media Relations Contact
Jan Flaskamp
Vice President Corporate Communications & PR
Tel.: +49 30 24301 0721
E-Mail: mediarelations@scout24.com

Investor Relations Contact
Ursula Querette
Head of Investor Relations
Tel.: + 49 89 262 02 4939    
E-Mail: ir@scout24.com


Disclaimer

All information contained in this document has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy and/or completeness of the information contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

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.

https://www.scout24.com/en/news-media/news/detail/annual-general-meeting-of-scout24-ag-approves-all-proposed-resolutions-with-large-majorities
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2021-07-08
Scout24

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