Brenntag plans virtual General Shareholders’ Meeting on June 10, 2020 and confirms dividend proposal

  • Brenntag adheres to scheduled date for General Shareholders’ Meeting and invites shareholders to participate virtually
  • Management Board and Supervisory Board confirm increased dividend of 1.25 EUR per share (2018: 1.20 EUR)

The General Shareholders’ Meeting of Brenntag AG will take place as planned on June 10, 2020. Due to the spread of COVID-19, this year's General Shareholders’ Meeting will be held as a purely virtual event, without the physical presence of shareholders. The Board of Management and the Supervisory Board confirm their intention to pay out the proposed dividend of 1.25 EUR per share for the financial year 2019 in full, subject to the approval of the shareholders. Brenntag's annual dividend increase since the IPO in 2010 thus continues.

Due to the COVID-19 pandemic and to protect the health of shareholders, employees and the service providers involved this year's General Shareholders’ Meeting cannot take place as planned as a face-to-face event in Essen. "It is nevertheless important to us to hold the General Shareholders’ Meeting on the initially planned date and thus enable the shareholders to vote on the items on the agenda at that time," explains Christian Kohlpaintner, CEO of Brenntag AG. "We have therefore decided to make use of the possibility created by the legislator to hold a virtual General Shareholders’ Meeting. Brenntag is well positioned for the current challenging environment as the company is represented worldwide, covers a wide range of industry segments and serves a broad customer base. The strength of our resilience is emphasized by the current crisis situation and therefore all our shareholders should be able to rely on the dividend."

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