Shareholders' Meeting confirms payment of special dividend

EQS-News: TAKKT AG / Key word(s): AGM/EGM/Dividend
Shareholders' Meeting confirms payment of special dividend

17.05.2024 / 15:21 CET/CEST
The issuer is solely responsible for the content of this announcement.

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SHAREHOLDERS' MEETING CONFIRMS PAYMENT OF SPECIAL DIVIDEND

* Shareholders' Meeting approves all agenda items

* TAKKT distributes dividend of EUR 1.00 per share in total

* CEO focused on strengthening resilience in her speech

  * Hubertus Mühlhäuser and Stefan Räbsamen elected to the Supervisory Board
    - Hubertus Mühlhäuser takes over as Chairman of the Board

Germany, Stuttgart, May 17, 2024. At the virtually held 25th Shareholders'
Meeting of TAKKT AG, the shareholders approved all agenda items as proposed
by the Management Board and Supervisory Board. They confirmed the payment of
the dividend of EUR 1.00 per share, consisting of a base dividend of EUR
0.60 per share and of a special dividend of EUR 0.40 per share.

In her speech at the Shareholders' Meeting, CEO Maria Zesch gave an overview
of the progress made in implementing the strategy and explained how the
current measures are contributing to the Group's future and its growth:
"Resilience stands for flexibility and the courage to change. For us, this
means that we are maintaining our focus on our strategy consisting of
Growth, OneTAKKT and Caring. And that we will take a critical look at
ourselves and adjust where necessary." Maria Zesch also confirmed the
mid-term targets, which include accelerating growth compared to the
long-term historical growth trend, a significant increase in profitability
and continued strong cash generation.

As announced, Thomas Schmidt and Florian Funck stepped down from the
Supervisory Board of TAKKT AG at the end of the Shareholders' Meeting. "I
would like to sincerely thank Thomas Schmidt and Florian Funck for their
excellent and trusting cooperation over the last few years. As Chairman of
the Supervisory Board and as long-standing members of the Board, both have
been instrumental in guiding and supporting the new strategic direction and
integrated positioning of our Group," said CEO Maria Zesch.

The Shareholders' Meeting elected Hubertus Mühlhäuser and Stefan Räbsamen as
new members of the Supervisory Board. Hubertus Mühlhäuser has extensive
experience both from a customer perspective from his previous position as
CEO of CNH Industrial N.V. (NYSE: CNHI), one of the largest capital goods
groups globally, as well as extensive knowledge of the Food Service market
from his time as CEO of Welbilt Inc. (ex-NYSE: WBT), a global food service
equipment manufacturer. Stefan Räbsamen has extensive expertise in auditing,
due diligence, transformation, and the capital market from his many years as
a partner and Chairman of the Board of Directors at the auditing and
consulting firm PwC Switzerland. At the constituent meeting immediately
after the Shareholders' Meeting, the Supervisory Board elected Hubertus
Mühlhäuser as Chairman of the Board. "I am pleased about the election and
look forward to my task as Chairman of the Supervisory Board. TAKKT is
currently facing a challenging environment, but has a solid customer base, a
strong product portfolio, and highly motivated employees. Our business has
great potential and I look forward to setting the course for profitable
growth together with the Management Board and my colleagues on the
Supervisory Board," said Mühlhäuser.

About TAKKT AG

TAKKT AG is the leading omnichannel distributor for business equipment in
Europe and North America. The Group is represented in more than 20 countries
with its Industrial & Packaging, Office Furniture & Displays and FoodService
divisions. The product range of the subsidiaries comprises more than 600,000
products for the areas of plant and warehouse equipment, office furniture,
transport packaging, display articles and equipment for the food service
industry, hotel market and retailers. The company is listed on the SDAX and
is represented in the Prime Standard of the German Stock Exchange.

Contacts
Benjamin Bühler phone +49 711 3465-8223
Email: investor@takkt.de


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17.05.2024 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:        TAKKT AG
                   Presselstr. 12
                   70191 Stuttgart
                   Germany
   Phone:          +49 (0)711 3465 80
   Fax:            +49 (0)711 3465 8104
   E-mail:         investor@takkt.de
   Internet:       www.takkt.de
   ISIN:           DE0007446007
   WKN:            744600
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Stuttgart; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Hamburg, Hanover, Munich, Tradegate
                   Exchange
   EQS News ID:    1906159

End of News EQS News Service
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1906159 17.05.2024 CET/CEST