1. ENGLISH
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  3. Shareholder Meetings
  4. 2020

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Annual General Meeting 2020

New date for the 2020 Annual General Meeting and proposed Dividend

Wolfsburg, July 30, 2020 – September 30, 2020 has been set as the new date for the Annual General Meeting for fiscal year 2019. After the Annual General Meeting, originally scheduled for May, was post­poned due to the spread of coronavirus, the meeting in September will not be conducted in the usual manner either. To protect the health of shareholders, employees and service providers, this year’s Annual General Meeting will be held on a virtual platform. At the same time as announcing the new date, the Management has also submitted an amended pro­posal on the appropriation of net retained profits. The enor­mous disruption to all areas of everyday life and economic activity caused by the Covid-19 pandemic has also affected the Volkswagen Group worldwide. Given the scale and extent of the impact and the current inability to reliably estimate future developments, the Board of Management and the Supervisory Board have resolved to now propose to the Annual General Meeting a dividend of €4.80 per ordinary share and €4.86 per preferred share. The Company’s Manage­ment has thus amended the proposal on the appropriation of net retained profits previously announced for fiscal year 2019, which had originally been €6.50 per ordinary share and €6.56 per preferred share. The remaining net retained profits of €855 million will be carried forward to new account. Volkswagen AG continues to be committed to the aim laid down in its Group strategy of achieving a payout ratio of at least 30%.

Contact

Volkswagen Aktiengesellschaft

AGM, shareholder and stock exchange requirements

Letter Box 1848/3

D-38436 Wolfsburg

Germany

 

You can reach us Monday to Friday (except for public holidays): 

Via phone             +49 5361 / 942085                             

                                 +49 5361 / 924542

Via telefax:           +49 5361 / 95 60 01 00

Via e-mail:             hvstelle@volkswagen.de

 

 

 

 

 

 

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