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EQS-News: HORNBACH Holding AG & Co. KGaA / Key word(s): Dividend/AGM/EGM
HORNBACH Holding AG & Co. KGaA: Annual General Meeting approves dividend of Euro 2.40 and introduces staggered terms in
office for Supervisory Board
2024-07-05 / 13:41 CET/CEST
The issuer is solely responsible for the content of this announcement.
HORNBACH Holding AG & Co. KGaA: Annual General Meeting approves dividend of Euro 2.40 and introduces staggered terms in
office for Supervisory Board
. Dividend of Euro 2.40 approved for 2023/24 financial year - distribution quota rises to 30.7%
. Hornbach has now paid a dividend without interruption or reduction for 37 years
. By AGM resolution, Supervisory Board introduces rotating system with staggered future terms and reduces
term in office to four-year maximum
Bornheim (Palatinate), Germany, July 5, 2024.
Shareholders at today's Annual General Meeting of HORNBACH Holding AG & Co. KGaA (ISIN: DE0006083405) voted with a
large majority to approve the distribution of a dividend of Euro 2.40 per share (2022/23: Euro 2.40). This corresponds
to a distribution quota of 30.7% (2022/23: 24.4%) and a dividend yield of 3.5% based on the XETRA closing price on
February 29, 2024. HORNBACH is thus maintaining the continuity of its reliable dividend strategy. Since its IPO in
1987, HORNBACH Holding has distributed a dividend at least at the previous year's level to its shareholders each year.
Other proposals submitted by the Board of Management and Supervisory Board also received majority approval at the
Annual General Meeting. These included the introduction of a rotating system for the composition of the Supervisory
Board ("staggered board"). This means that, unlike to date, Supervisory Board members will no longer all be elected for
identical terms in office ending on the same date, but rather individually proposed for re-election. In parallel, the
future duration of a term in office will be reduced from five years currently to a maximum of four years. This new
requirement takes immediate effect. This way, HORNBACH has ensured that, in terms of its organization, the Supervisory
Board will regularly benefit from fresh momentum.
A total of 75.96% of HORNBACH Holding's share capital was represented at the Annual General Meeting. The voting results
for individual agenda items at the Annual General Meeting and a recording of the presentation given by Albrecht
Hornbach are published on HORNBACH Holding's website at: https://www.hornbach-holding.de/en/investor-relations/
annual-general-meeting/

About the HORNBACH Group
HORNBACH is an independent, family-run retail group managed by HORNBACH Holding AG & Co. KGaA, which is listed on the
Frankfurt Stock Exchange and included in the SDAX. Its largest subsidiary, HORNBACH Baumarkt AG, operates 171 DIY
megastores with garden centers (including specialist stores) and online shops in nine European countries. The HORNBACH
Group also includes HORNBACH Baustoff Union, a regional builders' merchant company with 38 locations in southwestern
Germany and France, and HORNBACH Immobilien AG, which develops retail real estate for the Group. In the 2023/24
financial year (balance sheet date: February 29, 2024), the HORNBACH Group generated net sales of Euro 6.2 billion,
making it one of the top five retailers for DIY and garden products in Europe. The Group has around 25,000 employees.


Press and Investor Relations contacts

Antje Kelbert                  Anne Spies 
Head of Investor Relations     Senior Investor Relations Manager 
Tel.: +49 (0) 6348 / 60 2444   Tel.: +49 (0) 6348 / 60 4558 
antje.kelbert@hornbach.com     anne.spies@hornbach.com 

Christian Grether              Maximilian Franz 
Press Spokesperson             Investor Relations Manager 
Tel.: +49 (0) 6348 / 60 2571   Tel.: +49 (0) 6348 / 60 2071 

christian.grether@hornbach.com maximilian.franz@hornbach.com

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HORNBACH Holding auf LinkedIn

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2024-07-05 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:     English 
Company:      HORNBACH Holding AG & Co. KGaA 

Hornbachstraße 11
76879 Bornheim
Germany

ISIN:         DE0006083405 
WKN:          608340 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1940735

End of News EQS News Service
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1940735 2024-07-05 CET/CEST

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END) Dow Jones Newswires

July 05, 2024 07:41 ET (11:41 GMT)