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EQS-News: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG / Key word(s): AGM/EGM
Notice for the Annual General Meeting 2024
2024-05-16 / 08:45 CET/CEST
The issuer is solely responsible for the content of this announcement.
Notice for the Annual General Meeting 2024

Munich, May 15, 2024 - LUDWIG BECK AG (ISIN DE0005199905) held its Annual General Meeting in virtual form on May 15,
2024. Shareholders and shareholder representatives had the opportunity to follow the event via video stream on a
dedicated online portal. 3.3 million votes, i.e. 90.0% of the share capital, were represented. With the exception of
the discharge of the Chairman of the Executive Board, all proposed resolutions on the agenda items were approved.
The Executive Board looked back again on the year 2023. The ongoing conflict in Ukraine continued to impact the global
economy. Rising energy costs and high inflation again characterised LUDWIG BECK's business development in 2023. The
retail sector, especially the fashion industry, suffered from subdued consumer sentiment and was adversely affected by
extreme weather conditions and rail strikes. These events aggravated the economic burdens.
LUDWIG BECK generated gross sales of EUR 86.5m at group level (previous year: EUR 83.8m).
The individual items on the agenda:
Dividend:
After LUDWIG BECK AG has not distributed any dividends to shareholders in the last five years due to multiple crises,
the Supervisory Board and Executive Board propose to distribute a dividend of EUR 0.15 per share, i.e. EUR 554k, the first
time again for the 2023 fiscal year.
Further items on the agenda:
The Executive Board and Supervisory Board were discharged and Rödl & Partner GmbH, Wirtschaftsprüfungsgesellschaft,
Munich, was appointed as auditor for the 2024 fiscal year. The remuneration report with the disclosures on the
remuneration of the members of the Executive Board and Supervisory Board was also approved.
Voting results for the agenda items in detail:
Agenda item 2 "Appropriation of net retained profits:
Yes-votes: 1,917,565, No-votes: 1,409,336. The administration's proposal of the appropriation of net retained profits
was thus accepted with 57.64 %
Agenda item 3 "Discharge of the members of the Executive Board":
Agenda item 3a Christian Greiner:
Yes-votes: 943,567, No-votes: 1,415,943. The administration's proposal to discharge Mr Christian Greiner was thus not
accepted with 60.01 %.
Agenda item 3b Jens Schott:
Yes-votes: 2,959,156, No-votes: 3,853. The administration's proposal to discharge Mr Jens Schott was thus accepted with
99.87%.
Agenda item 4 "Discharge of the members of the Supervisory Board":
Agenda item 4a Dr Bruno Sälzer:
Yes-votes: 1,913,294, No-votes: 1,414,615. The administration's proposal to discharge Dr Bruno Sälzer was thus accepted
with 57.49%.
Agenda item 4b Sandra Pabst:
Yes-votes: 1,913,294, No-votes: 1,414,615. The administration's proposal to discharge Ms Sandra Pabst was thus accepted
with 57.49%.
Agenda item 4c Sebastian Hejnal:
Yes-votes: 3,320,932, No-votes: 6,975. The administration's proposal to discharge Mr Sebastian Hejnal was thus accepted
with 99.79%.
Agenda item 4d Clarissa Käfer:
Yes-votes: 2,956,232, No-votes: 371,677. The administration's proposal to discharge Ms Clarissa Käfer was thus accepted
with 88.83%.
Agenda item 4e Josef Schmid:
Yes-votes: 2,960,687, No-votes: 367,220. The administration's proposal to discharge Mr Josef Schmid was thus accepted
with 88,97%.
Agenda item 4f Michael Eckhoff:
Yes-votes: 3,325,387, No-votes: 2,520. The administration's proposal to discharge Mr Michael Eckhoff was thus accepted
with 99.92 %.
Agenda item 4g Michael Neumaier:
Yes-votes: 3,325,387, No-votes: 2,520. The administration's proposal to discharge Mr Michael Neumaier was thus accepted
with 99.92%.
Agenda item 4h Martin Paustian:
Yes-votes: 3,325,387, No-votes: 2,520. The administration's proposal to discharge Mr Martin Paustian was thus accepted
with 99.92%.
Agenda item 5 "Election of the auditor for the 2024 fiscal year":
Yes-votes: 3,326,235, No-votes: 548. The Supervisory Board's proposal to elect Rödl & Partner GmbH,
Wirtschaftsprüfungsgesellschaft, Munich, as the auditor for the 2024 fiscal year was thus accepted with 99.98%.
Agenda item 6 "Approval of the remuneration report":
Yes-votes: 1,917,967, No-votes: 15,656. The administration's proposal to approve the remuneration report was thus
accepted with 99.19%.
Agenda item 7 "Amendment of the Articles of Association in Section 15 (1) sentence 3 to adapt the provisions of the
Articles of Association to the statutory regulation"
Yes-votes: 2,962,958, No-votes: 91. The administration's proposal was thus accepted with 99.99 %.

Further information on the individual voting results can be found on the company's website at http://
kaufhaus.ludwigbeck.de under Company/Investor Relations in the Corporate Events/Annual General Meeting section.

Contact Investor Relations:
LUDWIG BECK AG
A. Deubel
t: +49 89 23691 - 745
f: +49 89 23691 - 600
ir@ludwigbeck.de
2024-05-16 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  
Language:     English 
Company:      Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG 

Marienplatz 11
80331 München
Germany

Phone:        +49 (0)89 2 36 91-0 
Fax:          +49 (0)89 2 36 91-600 
E-mail:       info@ludwigbeck.de 
Internet:     www.ludwigbeck.de 
ISIN:         DE0005199905 
WKN:          519990 
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, 

Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1904419

End of News EQS News Service
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1904419 2024-05-16 CET/CEST

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END) Dow Jones Newswires

May 16, 2024 02:45 ET (06:45 GMT)