Deutsche Bank's Annual General Meeting approves all management proposals with large majorities
At Deutsche Bank's Annual General Meeting today in Frankfurt am Main, shareholders approved a 2006 dividend of EUR 4.00 per share (2005: EUR 2.50). This corresponds to a dividend appropriation of over EUR 2 billion. The dividend will be distributed on 25 May 2007.
The Annual General Meeting also approved all other proposals put forward by the Supervisory Board and the Management Board with large majorities. This included the authorization for share buybacks, in the amount of up to 10 per cent of the present share capital until 31 October 2008. At the same time, the buyback program resolved by last year's Annual General Meeting was concluded. Within the scope of this program, the bank bought back 14.1 million shares or 2.7 per cent of share capital in the past 12 months.
The Annual General Meeting also elected Dr. Theo Siegert, Partner and Managing Director in de Haen Carstanjen & Söhne, on to the Supervisory Board for a term of office of five years.
Ratification of the Acts of Management of the members of the Management Board was approved with a percentage vote of 99.68 per cent. The ratification of the Acts of Management of the members of the Supervisory Board was approved for each member individually with a percentage vote of 99.12 per cent each. 4,900 shareholders attended the Annual General Meeting with a total of 42.53 per cent of voting capital present.
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This release also 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 27 March 2007 on pages 9 through 15 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.