RENK Group AG: Successful First Annual General Meeting

Today, RENK Group AG, a manufacturer of drive solutions for military and civilian sectors, held its first Annual General Meeting after its IPO on February 7, 2024. Shareholders representing 75.47% of the voting share capital approved all proposals by the Management and Supervisory Boards.

The meeting confirmed a dividend of €0.30 per share. Shareholders, irrespective of their investment date, receive full dividend rights for the fiscal year 2023. Future dividends are expected to be 40-50% of adjusted net income.

The meeting discharged the Executive and Supervisory Boards for the financial year 2023. Karin Sonnenmoser and Doreen Nowotne were elected to the Supervisory Board, succeeding Swantje Conrad and Cécile Dutheil. Florian Hohenwarter was confirmed in office.

Claus von Hermann, Chairman of the Supervisory Board, expressed gratitude to the outgoing members and welcomed the newly elected members, emphasizing their leadership.