EQS-News

Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Shareholders Approve Domination and Profit and Loss Transfer Agreement with Pangea GmbH

EQS-News: Pfeiffer Vacuum Technology AG / Key word(s): AGM/EGM Pfeiffer Vacuum Technology AG: Pfeiffer Vacuum Shareholders Approve Domination and Profit and Loss Transfer Agreement with Pangea GmbH 03.05.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE

Pfeiffer Vacuum Shareholders Approve Domination and Profit and Loss Transfer Agreement with Pangea GmbH

• Distribution of a dividend of € 0.11 per share for fiscal 2022 decided
• Adoption of compensation report and amended compensation system for the Management Board and creation of new authorized capital 2023

 

Asslar, Germany, May 2, 2023. At today’s Annual General Meeting, the shareholders of  Pfeiffer Vacuum Technology AG (Pfeiffer Vacuum) overwhelmingly approved the resolutions put forward by the Management Board and the Supervisory Board. In total, about 81% of share capital was represented.

Domination and profit and loss transfer agreement

Discussions between Pfeiffer Vacuum’s shareholders and corporate bodies centered on the domination and profit and loss transfer agreement concluded with Pangea GmbH, a wholly owned subsidiary of Busch SE. The shareholders approved the agreement with a majority of 86.58% of the share capital present at the Annual General Meeting.

Dr. Britta Giesen, CEO of Pfeiffer Vacuum, responded with the following words: “We would like to warmly thank our shareholders for the great confidence they have shown in us and for the support provided for our future growth plans. The approval of the concluded domination and profit and loss transfer agreement now provides us the necessary legal basis for a more flexible and effective cooperation with the Busch Group. It enables us to forge ahead with greater momentum on a day-to-day basis to unlock the potential that is inherent in our mutual connection.”