Rational AG to Exit MDAX Following Index Review

On March 6, 2024, Rational AG announced its upcoming temporary removal from the MDAX, a significant index of German stocks, effective March 18, 2024. This adjustment comes as a result of the latest quarterly index review by Deutsche Börse which found that Rational did not meet one of the core index criteria related to corporate governance. Specifically, the independence of Rational's Audit Committee Chairman was called into question, aligning with the German Corporate Governance Code's standards.

The issue stemmed from Dr. Maerz's tenure as a member of the Supervisory Board surpassing the twelve-year threshold, thus affecting his classification as independent according to the Code. Dr. Maerz has announced he will not seek re-election at the upcoming Annual General Meeting on May 8, 2024, concluding a twelve-year service period. Rational AG has indicated changes in the Audit Committee's composition are anticipated following this meeting, aiming for requalification for the MDAX inclusion.

CEO Dr. Peter Stadelmann expressed optimism about satisfying all index inclusion criteria henceforth and assured stakeholders of the company's commitment to rejoin the MDAX roster post the specified adjustments. The Executive and Supervisory Boards consider Rational’s presence in the DAX index family a priority and are poised to align with necessary governance requisites. Rational, a leader in thermal food preparation solutions for professional kitchens, has emphasized its dedication to customer value and sustainability in its operations.