DGAP-News

JOST Werke AG: Virtual Annual General Meeting 2021 approves dividend of EUR 1.00 per share

DGAP-News: JOST Werke AG / Key word(s): Dividend/AGM/EGM JOST Werke AG: Virtual Annual General Meeting 2021 approves dividend of EUR 1.00 per share 07.05.2021 / 13:25 The issuer is solely responsible for the content of this announcement. Virtual Annual General Meeting 2021 approves dividend of EUR 1.00 per share

Neu-Isenburg, May 7, 2021: The shareholders of JOST Werke AG ("JOST"), a leading global producer and supplier of safety-critical systems for the commercial vehicle industry, approved all resolutions proposed by the Executive Board and the Supervisory Board at the Annual General Meeting (AGM), which took place on Thursday May 6, 2021.

Like in the previous year, JOST held its AGM in a virtual format without the physical attendance of shareholders, proxies and guests. The virtual AGM was broadcast on the company's website for all registered shareholders of JOST Werke AG. Shareholders had the opportunity to ask their questions in advance and could exercise or transfer their voting rights online.

A total of 81.68 % of JOST's share capital was represented at the AGM. The proposed dividend of EUR 1.00 per share for fiscal year 2020 was approved unanimously (prior year: EUR 0). The payout ratio increased thus to 77% of consolidated profit after tax (prior year: 0%).

With a large majority, shareholders also formally approved the actions of the Executive and Supervisory Board for fiscal year 2020. The remuneration system for the Executive Board was approved and the remuneration system for the Supervisory Board was confirmed. PricewaterhouseCoopers GmbH Wirtschaftsprüfungs-gesellschaft, Frankfurt am Main, was appointed as auditor of the annual and consolidated financial statements for fiscal year 2021.

Addressing JOST's shareholders, Supervisory Board Chairman Manfred Wennemer emphasized JOST's success in fiscal year 2020: "The Executive Board as well as all employees of JOST Werke AG have done an outstanding job in the very challenging environment of fiscal year 2020. JOST clearly demonstrated its flexibility and resilience." Manfred Wennemer also thanked shareholders for their support in the previous year and for the trust they have placed in the company.