At Deutsche Bank's (XETRA: DBKGn.DE/NYSE: DB) Annual General Meeting in Frankfurt am Main today, shareholders approved a 2007 dividend of EUR 4.50 per share (2006: EUR 4.00). This corresponds to a dividend appropriation of EUR 2.3 billion. The dividend will be distributed on 30 May 2008.
The Annual General Meeting also approved all other proposals put forward by the Supervisory Board and the Management Board by large majorities.
The terms of office of all members of the Supervisory Board expired at the end of the Annual General Meeting, with the exception of Dr. Theo Siegert. The following shareholder representatives were newly elected to the Supervisory Board: Dr. Clemens Börsig, Dr. Karl-Gerhard Eick, Sir Peter Job, Dr. Henning Kagermann,Suzanne Labarge, Maurice Lévy, Dr. Johannes Teyssen, Tilman Todenhöfer and Werner Wenning.
Ratification of the Acts of Management of the members of the Management Board was approved by a vote of 98.86 per cent. The ratification of the Acts of Management of the members of the Supervisory Board was approved for each member individually by a vote of more than 95 per cent each. Around 6,000 shareholders attended the Annual General Meeting with a total of 33.2 per cent of voting capital present.
The Annual General Meeting also approved the authorization to acquire own shares in the amount of up to 10 percent of the company’s share capital until 31 October 2009. At the same time, the buyback program authorized by last year’s Annual General Meeting was concluded. Within the scope of this program, the bank bought back 7.2 million shares or 1.4 percent of share capital in the past 12 months. It has not yet been determined when the new share buyback authorization will be initiated.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our management agenda, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 26 March 2008 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .