Daimler Annual Shareholders' Meeting Approves Dividend of euro 1.85 Per Share
BERLIN, April 13, 2011 /PRNewswire/ -- At the Annual Meeting of Daimler AG in Berlin on Wednesday, the company's shareholders approved the payout of a dividend of euro 1.85 for the year 2010 (2009: euro 0.00). The total dividend distribution amounts to approximately euro 2 billion.
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The Annual Shareholders' Meeting also elected the existing Chairman of the Supervisory Board, Dr. Manfred Bischoff, as a member of that board for an additional five years. Furthermore, Petraea Heynike was elected to the Supervisory Board as successor to Dr. Manfred Schneider for a period of five years, and Lynton R. Wilson was elected to the Supervisory Board for an additional two years. In the Supervisory Board meeting following the Annual Shareholders' Meeting, Dr. Bischoff was once again elected as the Chairman of the Supervisory Board of Daimler AG.
The actions of the members of the Board of Management were ratified with a majority of 99.71% and the actions of the members of the Supervisory Board were ratified with a majority of 99.67%.
The Annual Meeting approved the system of remuneration for the members of the Board of Management and decided on an adjustment of Supervisory Board remuneration.
This year's Annual Meeting at the Berlin Messe exhibition center was attended by approximately 5,100 shareholders (2010: 4,700). 43.26% of the shareholders' voting rights were represented.
The dividend will be paid out on April 14, 2011 to all shareholders who held Daimler shares on April 13, 2011.
Further information on Daimler is available on the Internet: www.media.daimler.com and www.daimler.com
This document contains forward-looking statements that reflect our current views about future events. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a deterioration of our funding possibilities on the credit and financial markets; events of force majeure, including, amongst others, natural disasters, acts of terrorism, political unrest, industrial accidents and their effects on our sales, purchases, production or financial services activities; changes in currency exchange rates; a shift in consumer preference towards smaller, lower margin vehicles; or a possible lack of acceptance of our products or services which may limit our ability to implement prices as well as to adequately utilize our production capacities; price increases in fuel or raw materials; disruption of production due to shortages of materials, labor strikes, or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook of companies in which we hold a significant equity interest, most notably EADS; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending governmental investigations and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in Daimler's most recent Annual Report. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.
About Daimler
The company's founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. 125 years later, in anniversary year 2011, Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides its customers with a full range of automotive financial services including financing, leasing, insurance and fleet management. As an automotive pioneer, Daimler continues to shape the future of mobility. The Group applies innovative and green technologies to produce safe and superior vehicles which fascinate and delight its customers. With the development of alternative drive systems, Daimler is the only vehicle producer investing in all three technologies of hybrid drive, electric motors and fuel cells, with the goal of achieving emission-free mobility in the long term. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities on five continents. In addition to Mercedes-Benz, the world's most valuable automotive brand, Daimler's brand portfolio includes smart, Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI). In the year 2010, the Daimler Group sold 1.9 million vehicles and employed a workforce of more than 260,000 people; revenue totaled euro 97.8 billion and EBIT amounted to euro 7.3 billion.
SOURCE Daimler Corporate Communications
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