Resolution on the appropriation of distributable profit for the 2018 fiscal year (item 2)
The distributable profit in the fiscal year 2018 totalled approximately EUR 305.6 million. The Annual General Meeting has voted, as proposed by the General Partner and the Supervisory Board, that EUR 274 million of the distributable profit will be used for the payment of a dividend. This corresponds to EUR 1.37 per share. The remaining sum of approximately EUR 31.6 million will be allocated to the revenue reserves. The resolution was passed with a majority of 99.99 %.
Discharge (items 3 and 4)
The General Partner and the members of the Supervisory Board were discharged with a majority of 99.99 % and 99.99 %, respectively.
Authorization to acquire own shares (item 6)
The Annual General Meeting approved this item with 97.16 %. Thereby DWS is authorized to acquire, on or before May 31, 2024, its own shares in a total volume of up to 5 % of the share capital.
Election to the Supervisory Board (item 8)
The Annual General Meeting has, as proposed by the Supervisory Board, elected Annabelle Bexiga and Richard I. Morris, Jr. to the Supervisory Board of DWS until the end of the General Meeting that resolves on the ratification of the acts of management for fiscal year 2022; this with a majority of 99.99 % and 98.83 %, respectively.
Increase in the limit for variable compensation for company employees (item 9)
The Annual General Meeting has, as proposed by the General Partner and the Supervisory Board, approved this item with a majority of 99.14 %. DWS is thereby authorized to determine a ratio between variable and fixed annual compensation for certain employees that may exceed 100 % of the fixed compensation as long as the ratio does not exceed a limit of 200 % of the fixed compensation in each case. The main reason for this is to ensure that DWS remains competitive in the long term.
Authorization to issue bonds with warrants and/or convertible bonds (with the option of excluding pre-emptive rights), creation of contingent capital and amendment of the Articles of Association (item 10)
The Annual General Meeting approved this item with 97.52 %.
The precise voting results on the individual items on the agenda will be available shortly at https://group.dws.com/ir/annual-general-meeting/.
For further information please contact:
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+49 69 910 14941
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 704bn of assets under management (as of 31 March 2019). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with approximately 3,600 employees in offices all over the world, we are local while being one global team.