EQS-News

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Notice for the Annual General Meeting 2023

EQS-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): AGM/EGM Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Notice for the Annual General Meeting 2023 09.05.2023 / 18:00 CET/CEST The issuer is solely responsible for the content of this announcement. Notice for the Annual General Meeting 2023

Munich, May 9, 2023 - LUDWIG BECK AG (ISIN DE0005199905) held its Annual General Meeting in virtual form on May 9, 2023. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a provided online portal. 3.2 million votes, or 87.5% of the share capital, were represented. All items on the agenda received very high levels of approval.

The Executive Board once again looked back on the year 2022. At the beginning of the year, consumer sentiment was far from normal because of the high levels of COVID-19 infections and the onset of the war in Ukraine. Over the summer months, however, a positive trend could be observed, before consumer sentiment deteriorated again in the last quarter.

LUDWIG BECK generated gross sales of € 83.8m at group level (previous year: € 66.0m).

Regarding the individual agenda items:
 

Dividend:
The net loss of LUDWIG BECK AG for the past fiscal year was € -0.6m due to the general economic environment. This was fully offset by withdrawals from the revenue reserves. The balance sheet profit of LUDWIG BECK AG for the 2022 fiscal year thus amounted to € 0. For this reason, the Executive Board and Supervisory Board were unable to propose a dividend distribution to the Annual General Meeting.

Other items on the agenda:
The Executive Board and Supervisory Board were discharged and BTU Treuhand GmbH, Wirtschaftsprüfungsgesellschaft, Munich, was appointed as auditor for the 2023 fiscal year. The remuneration report with the disclosures on the remuneration of the Executive Board and Supervisory Board members was also approved.

Voting results for the agenda items in detail:

Agenda item 2 "Discharge of the members of the Executive Board":

Agenda item 2a Christian Greiner: Yes-votes: 1,961,189, No-votes: 306,773. The administration's proposal to discharge the Executive Board was thus accepted with 86.47 %.