RWE Annual General Meeting approves dividend of €0.80 per share
- Dividend to be paid on 1 July
- Management Board and Supervisory Board discharged by a large majority
At today’s Annual General Meeting of RWE Aktiengesellschaft, which was held in a purely virtual setting for the first time, shareholders voted by a large majority in favour of the dividend proposal submitted by the Executive and Supervisory Boards. RWE will thus pay out €0.80 per share for fiscal 2019. The discharge of the Executive and Supervisory Boards and other items on the agenda were also approved by a large majority.
The entire Annual General Meeting was broadcast live on the Internet and can also be accessed online afterwards. After registering in due time, all shareholders were able to submit questions via the Internet by 23 June, which were answered at the meeting. Voting was also conducted online by postal vote or by proxy to the company’s proxies. In advance, both could also be used on a form. In total, the votes of 389.564.808 shares were represented. The 63,37 % of the share capital entitled to vote (voting presence in the previous year: 61.29 %).
With its four subsidiaries RWE Renewables, RWE Generation, RWE Power and RWE Supply & Trading and a portfolio of around 43 gigawatts of generation capacity, the new RWE supplies clean, reliable and affordable electricity in the future. RWE has a generation capacity from renewables including hydropower and biomass of approximately 10 gigawatts. The company intends to further expand this position by investing up to net €5 billion until 2022 in onshore and offshore wind power, photovoltaics and storage. In addition, RWE generates electricity from gas, hard coal, lignite and nuclear power. RWE Supply & Trading is the interface between RWE and the energy markets around the world. In order to push ahead with the energy transition, RWE is investing in innovative projects such as heat storage power plants, the generation and use of hydrogen as an energy source and further Power-to-X processes. The group employs a total of around 20,000 people worldwide. RWE AG is headquartered in Essen, Germany.
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