Wachenheim Castle invites you to the general meeting: profits and elections!

Wachenheim Castle invites you to the general meeting: profits and elections!

In November 2024, the ordinary general meeting of Schloss Wachenheim AG takes place. Shareholders are invited to take part in the ERA Conference Center in Trier on November 21 at 10:00 a.m. This meeting is important because it has a variety of important points on the agenda that illuminate the company's financial and operational perspectives.

One of the priorities of the agenda is the presentation of the annual financial statements and the group's financial statements for the financial year from July 1, 2023 to June 30, 2024, which was previously approved by the Supervisory Board. According to the legal requirements, no decision is necessary at this point. The proposed documents are available on the company's website.

important resolutions for the use of the balance sheet profit

Another central agenda item concerns the decision on the use of the balance sheet profit, which amounts to 47,145,464.16 euros. Board and Supervisory Board recommend using this profit as follows:

• distribution of a dividend of 0.60 euros per share for a total of 7,920,000 units, which corresponds to 4,752,000 euros.
• Lecture of an amount of 42,393,464.16 euros on new invoice.

The dividend is due on November 26, 2024. If the company owns its own shares, an adapted resolution proposal for voting will be presented.

In addition, the members of the board and the supervisory board for their work in the last period should be relieved by the shareholders. This measure is common and part of the annual test process of corporate management.

elections and remuneration

Another essential part of the meeting comprises the elections to the supervisory board, as the term of the current representatives of the shareholders expires at the end of the general meeting. The supervisory board consists of a total of six members, four of whom are elected by the shareholders. The proposal for the election includes:

• Mr. Nick Reh, Lic. Oec. HSG, Trier.
• Ms. Monika Schulze, Bonn.
• Dr. Wilhelm Seiler, Munich.
• Mr. Eduard Thomezek, Bad Honnef.

All proposed candidates are currently members of the Supervisory Board and are to be re -elected for a further term. It is also important to choose the auditor for the coming financial year, which is also on the agenda.

In addition, the approval of the remuneration report for 2023/24 is presented for the vote in which the remuneration of the members of the board is described in detail. The report was checked independently and the remuneration system is based on long -term corporate development. This includes both fixed and variable remuneration components that are linked to the performance of the group of companies.

The Annual General Meeting on November 21, 2024 is therefore crucial for the future orientation of Schloss Wachenheim AG and will treat a variety of topics that could strengthen or reduce the trust of shareholders. Further information on the individual examination and election processes is available online, which is why shareholders should take part in the meeting: see the detailed reporting on www.boerse.de .