Brief: Schaeffler AGM Approves Merger With Vitesco

Schaeffler AG

25/04/2024 15:53

April 25 (Reuters) - SCHAEFFLER AG  SHA_p.DE :
    * ANNUAL GENERAL MEETING OF SCHAEFFLER APPROVES MERGER
OFVITESCO
TECHNOLOGIES GROUP AKTIENGESELLSCHAFT INTO SCHAEFFLER AG
    * APPROVES MERGER OF VITESCO TECHNOLOGIES GROUP
AKTIENGESELLSCHAFT
INTO SCHAEFFLER AG
    * ANNUAL GENERAL MEETING OF SCHAEFFLER APPROVES MERGER OF
VITESCO
TECHNOLOGIES GROUP AKTIENGESELLSCHAFT INTO SCHAEFFLER AG
    * PREPARATIONS FOR INTEGRATION OF VITESCO PROCEEDING
ACCORDING TO
PLAN
    * CEO KLAUS ROSENFELD: "TOGETHER WITH VITESCO, WE ARE
CREATING
LEADING MOTION TECHNOLOGY COMPANY."
    * ANNUAL GENERAL MEETING APPROVES DIVIDEND OF 45 EUROCENTS
PER
NON-VOTING COMMON SHARE FOR 2023 FINANCIAL YEAR
    * MERGER IS STILL EXPECTED TO BE COMPLETED IN Q4 OF 2024
    * HORST OTT, DISTRICT MANAGER OF IG METALL UNION IN BAVARIA,
APPOINTED AS A MEMBER OF SUPERVISORY BOARD

Source text for Eikon:  ID:nEQ1VcXGa 
Further company coverage:  SHA_p.DE 

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