DGAP-News

Ringmetall holds its first virtual Annual General Meeting

DGAP-News: Ringmetall Aktiengesellschaft / Key word(s): AGM/EGM/Dividend Ringmetall holds its first virtual Annual General Meeting 28.08.2020 / 10:18 The issuer is solely responsible for the content of this announcement. Ringmetall holds its first virtual Annual General Meeting - Nearly unchanged share of capital represented compared to previous years - Dividend distribution of 6 cents per share approved

Munich, 28 August 2020 - Ringmetall AG (ISIN: DE0006001902), a leading international specialist supplier in the packaging industry, today held its 23rd Annual General Meeting as the first virtual general meeting of Ringmetall AG against the background of the current pandemic legislation. Despite the new format, shareholder participation was at a similarly high level as in the previous year. Of the company's share capital of EUR 29,069,040.00, 64.64 percent were registered to attend the Annual General Meeting (AGM 2019: 66.85 percent).

"We are pleased that this new format of a virtual Annual General Meeting is also so largly popular with our shareholders," explains Christoph Petri, Spokesman of the Management Board of Ringmetall AG. "We have providently introduced a corresponding amendment to the Articles of Association so that we can at least offer a similar format in parallel next year and perhaps reach even more of our shareholders".

Furthermore, an unchanged high dividend distribution compared to the previous year was resolved for the past fiscal year. "Even if the effects of COVID-19 are not passing by the Ringmetall Group without traces, we are currently coming through this global crisis well", continues Management Board member Christoph Petri. "It was therefore important for us to send this as a sign to our investors and to pay an unchanged high dividend of 6 cents per share." During the general debate, the Management Board responded in detail to the questions submitted by shareholders in advance about the course of the past fiscal year, the current course of business and expectations for the upcoming months. The items on the agenda were once again approved almost unanimously in accordance with the proposal of the administration: