PWO Annual General Meeting approves all agenda items with a large majority

EQS-News: PWO AG / Key word(s): AGM/EGM/Dividend
PWO Annual General Meeting approves all agenda items with a large majority

07.06.2024 / 14:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Press Release

PWO Annual General Meeting approves all agenda items with a large majority

Carlo Lazzarini (CEO): 'Following a successful 2023, we will continue to
strengthen the PWO Group and further expand its global market position in
2024.'

  * Increase of the dividend per share from EUR 1.65 to EUR 1.75 for the
    2023 financial year

* Confirmation of the forecast for 2024

Oberkirch, June 6, 2024- PWO AG held its Annual General Meeting 2024
yesterday; around 65 percent of the share capital was represented.

In his speech, CEO Carlo Lazzarini reported to the shareholders on how PWO -
following on from the record-breaking year in 2022 - has once again pushed
boundaries, broadened scope and opened additional prospects for the Group's
further development with another outstanding performance in 2023.

The targets for 2023 were achieved for all key performance indicators.
Expectations for EBIT before currency effects and the lifetime volume of new
business were even raised twice over the course of the year. Shareholders
are to participate in this strong development with an increased dividend.

A key focus of the Management Board's report was the strategic development
of the PWO Group. By laying the foundation stone for a new engineering and
production site in Serbia a few days ago, we are following our customers
into one of the most dynamic countries in the European mobility industry and
tapping into additional growth potential beyond the continued expansion of
our existing Czech sites.

We are vigorously implementing the decarbonization of our business. In
reducing greenhouse gases in Scope 1&2, we are moving faster than the
1.5-degree path required by the Paris Agreement. We offer our employees many
ways to realize their personal career prospects at the PWO Group. At all
levels and in all areas of our Group, we have therefore been able to develop
strong personalities. Thus, we manage the PWO Group with a lean two-member
Executive Board and at the same time implement an ambitious global growth
strategy. Our success continues to be based on our completely
combustion-independent business model and our high innovative strength,
which we use to support our customers in ramping up the green mobility of
the future.

The agenda of the 2024 Annual General Meeting included the presentation of
the financial statements for the 2023 financial year as well as the
resolutions on the appropriation of net profit, on the formal approval to
the actions of the members of the Executive Board, on the formal approval to
the actions of the members of the Supervisory Board and the election of the
auditor of the financial statements, the auditor of the consolidated
financial statements and the auditor of the sustainability report.
Resolutions were also passed on the approval of the remuneration report and
about the updated remuneration system for the members of the Executive
Board. Various amendments to the Articles of Association were also resolved.
All the resolutions proposed by the management were approved by a large
majority at the Annual General Meeting.

The detailed voting results are made available on the PWO website at
https://pwo-group.com/en/investors-press/annual-general-meeting/.

PWO AG

The Executive Board

Contact:
Charlotte Frenzel
Investor Relations & Corporate Communications

T. +49 179 / 6904 237
M. charlotte.frenzel.ext.ma@pwo-group.com

PWO Group: Pushing boundaries in lightweight metal solutions

2,000 PRODUCT SOLUTIONS | 3,000 EMPLOYEES | 9 LOCATIONS | OVER 100 YEARS OF
EXPERIENCE

We are a global company in the mobility industry that is helping to shape
the environmentally friendly mobility of the future through innovations and
is entirely independent of combustion engines.

With our expertise in climate-friendly lightweight construction, we are
technology leaders and combine economic efficiency with sustainability. We
develop and produce sophisticated metal components and complex subsystems at
the frontiers of what is technologically feasible. We meet the challenges of
our time with innovative and sustainable concepts. And above all, we aim to
seize the opportunities they offer.

As a values-based employer with informal structures at a global level, we
offer our employees a meaningful environment for realizing their personal
prospects. Transparent and responsible corporate governance is an integral
part of our self-image.

Our corporate strategy is summed up in the slogan PEOPLE. PLANET. PROGRESS.


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   Language:       English
   Company:        PWO AG
                   Industriestraße 8
                   77704 Oberkirch
                   Germany
   Phone:          +49 (0)7802 84-844
   Fax:            +49 (0)7802 84-789
   E-mail:         ir@pwo-group.com
   Internet:       www.pwo-group.com
   ISIN:           DE0006968001
   WKN:            696800
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Stuttgart; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Hamburg, Munich, Tradegate Exchange
   EQS News ID:    1920817

End of News EQS News Service
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1920817 07.06.2024 CET/CEST