Annual General Meeting 2015: proposal to change GFT Technologies AG into a European Company (SE) adopted

Annual General Meeting 2015: proposal to change GFT Technologies AG into a European Company (SE) adopted

At the Annual General Meeting of GFT Technologies AG on 23 June 2015, shareholders voted in favour of changing the company’s legal status to that of a European Company (Societas Europaea, SE). The proposal was adopted with a majority of over 99 percent. The modern, European and internationally recognised legal form underlines the global alignment of the GFT Group, whose around 3,500 employees operate in 11 countries around the world. The change will become effective on its entry in the Commercial Register and is expected to be completed in August 2015.
 

Stuttgart, 23 June 2015 - The plan approved by the company’s shareholders involves changing the current organisational structure, consisting of an executive board and a supervisory board, to a single-tier governance structure with an administrative board. In the election of the first Administrative Board of GFT Technologies SE, comprising seven members, the shareholders voted for all candidates proposed by management. The members of the first Administrative Board will be the current Chairman of the Supervisory Board, Dr. Paul Lerbinger, the Supervisory Board member Dr.-Ing. Andreas Bereczky, Maria Dietz and Prof. Dr. Andreas Wiedemann, as well as the current CEO Ulrich Dietz and the current Executive Board members Dr. Jochen Ruetz and Marika Lulay. Dr. Paul Lerbinger is expected to be appointed as Chairman of the Administrative Board and Ulrich Dietz as Deputy Chairman of the Administrative Board.

The shareholders also adopted the dividend proposal for the financial year 2014 of €0.25. This corresponds to a total dividend payment of €6.58 million and a dividend rate of around 33 percent.

The members of the Executive Board and Supervisory Board were discharged by shareholders for the financial year 2014.