RENK Group AG: Successful first Annual General Meeting / Dividend of EUR
0,30 per share

EQS-News: RENK Group AG / Key word(s): AGM/EGM
RENK Group AG: Successful first Annual General Meeting / Dividend of EUR
0,30 per share

26.06.2024 / 16:18 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Augsburg, June 26, 2024 - Today, RENK Group AG, a leading manufacturer of
drive solutions for the military and civilian sector, held its first Annual
General Meeting after successful IPO on February 7, 2024. The shareholders
in attendance - representing 75,47% of total voting share capital - assented
to all proposals by the Management Board and Supervisory Board with
overwhelming majorities.

The Annual General Meeting voted in favour of a dividend distribution of EUR
0.30 per share. All current shareholders carry full dividend rights for
financial year 2023, regardless of whether they invested in the company
before or after the IPO in February 2024. For coming financial years, the
company plans to distribute 40-50% of adjusted net income as dividend.

Susanne Wiegand, CEO of RENK Group AG, emphasized: "We are living in a time
of immense challenges and changes. In terms of security policy, we are
currently facing nothing less than the defense of our democracy and our
freedom. Our responsibility as a company is to use our solutions to make a
significant contribution to the defense capabilities and operational
readiness of the Bundeswehr, our allies and, ultimately, the entire Western
world and its values."

With an overwhelming majority, the Annual General Meeting discharged the
Executive Board and the Supervisory Board for the 2023 financial year. Karin
Sonnenmoser and Doreen Nowotne were newly elected to the Supervisory Board
of RENK Group AG. They succeed former Supervisory Board Members Swantje
Conrad and Cécile Dutheil who resigned from office with effect of this
Annual General Meeting. Florian Hohenwarter was confirmed in office by
election of the Annual General Meeting. He had previously been appointed by
court as a member of the supervisory board in succession to Dr. Rainer
Martens until today's Annual General Meeting.

"On behalf of the entire Supervisory Board, I would like to thank Ms.
Conrad, Ms. Dutheil and Dr. Martens for their trusting cooperation and the
significant contribution they have made as Supervisory Board Members to the
successful development of RENK. With Ms. Sonnenmoser, Ms. Nowotne and Mr.
Hohenwarter, we welcome renowned leaders who will enhance and decisively
strengthen our work on the Supervisory Board", said Claus von Hermann,
Chairman of the Supervisory Board.

The voting results of today's Annual General Meeting and the reports by the
Supervisory Board and the CEO will be available shortly at
https://ir.renk.com/annual-general-meeting/.

About RENK Group AG

Headquartered in Augsburg, Germany, RENK Group AG is a globally leading
manufacturer of mission-critical drive solutions across diverse military and
civil end markets. Our product portfolio includes gear units, transmissions,
power-packs, hybrid propulsion systems, suspension systems, slide bearings,
couplings & clutches and test systems. With this broad product portfolio
RENK Group AG serves in particular customers in industries for military
vehicles, naval, civil marine, and industrial applications focused on
energy. In the fiscal year 2023, RENK Group AG generated revenue of EUR 926
million.

For more information visit: www.renk.com

Disclaimer

This release contains forward-looking statements. These statements are based
on the current views, expectations, assumptions, and information of the
management of RENK Group AG (the "Company"). Forward-looking statements
should not be construed as a promise of future results and developments and
involve known and unknown risks and uncertainties. Various factors could
cause actual future results, performance, or events to differ materially
from those described in these statements, and neither the Company nor any
other person accepts any responsibility for the accuracy of the opinions
expressed in this release or the underlying assumptions. The Company does
not assume any obligations to update any forward-looking statements.
Moreover, it should be noted that all forward-looking statements only speak
as of the date of this release and that the Company assumes no obligation,
except as required by law, to update any forward-looking statement or to
conform any such statement to actual events or developments.

The Company expressly disclaims any obligation or undertaking to update,
review or revise any forward-looking statement contained in this release,
whether as a result of new information, future developments or otherwise




Contact:
Günther Hörbst
Head of Corporate Communications and Marketing

Gögginger Straße 73
86159 Augsburg

+49(0)160/5347450


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26.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        RENK Group AG
                   Gögginger Straße 73
                   86159 Augsburg
                   Germany
   Phone:          0821-5700-0
   E-mail:         info@renk.com
   Internet:       https://www.renk.com
   ISIN:           DE000RENK730
   WKN:            RENK73
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1933987

End of News EQS News Service
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1933987 26.06.2024 CET/CEST