EQS-AGM: voestalpine AG: voestalpine Annual General Meeting approves dividend of EUR 1.50

EQS-News: voestalpine AG / Announcement of the Results of the General
Meeting
voestalpine AG: voestalpine Annual General Meeting approves dividend of
EUR 1.50

05.07.2023 / 14:33 CET/CEST
Announcement of the Results of the General Meeting, transmitted by EQS
News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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voestalpine Annual General Meeting approves dividend of EUR 1.50

voestalpine AG once again achieved record figures in the business year
2022/23, demonstrating its robust strategic position in an exceptionally
turbulent global environment. With the highest level of revenue and best
operating result in the company’s history, the steel and technology group
is able to raise its dividend to the second highest level since its
listing on the stock exchange in 1995: At the 31st Annual General Meeting
held in the Linz Design Center, a dividend of EUR 1.50 per share was
agreed for the business year 2022/23. This is 25% higher than in the
previous year (EUR 1.20). The Annual General Meeting therefore followed
the proposal of the Management Board and the Supervisory Board. The
payment of the dividend shall be made as from July 18, 2023 (ex-dividend
day: July 13, 2023).

Relative to the voestalpine share’s average price of EUR 25.09 in the
business year 2022/23, the dividend yield is 6%, a substantial increase
over the previous business year’s 3.6%. voestalpine AG has paid a dividend
to its shareholders every year since its listing on the stock exchange in
1995, amounting to a total payout (including the business year 2022/23) of
EUR 3.6 billion. The average dividend yield since 1995 is 3.6%. The
highest dividend (EUR 2.10) was paid out in the business year 2007/2008.

Authorization of the Management Board to buy back own shares

The Annual General Meeting also authorized the Management Board to buy
back no-par bearer shares to a maximum of 10% of the company’s total share
capital. This is effectively a renewal of the authorization for a share
buyback program issued in 2021 which, among others, will be used to expand
the employee shareholding scheme or to service convertible bonds. The
share buyback program is authorized to run for a period of 30 months. In
this connection, the Management Board of voestalpine was also authorized
to buy back its own shares in a manner other than via the stock exchange,
or via a public offer, or to redeem own shares, thereby reducing the share
capital.

The voestalpine Group

voestalpine is a globally leading steel and technology group with a unique
combination of materials and processing expertise. voestalpine, which
operates globally, has around 500 Group companies and locations in more
than 50 countries on all five continents. It has been listed on the Vienna
Stock Exchange since 1995. With its premium products and system solutions,
voestalpine is a leading partner to the automotive and consumer goods
industries, as well as to the aerospace and oil & natural gas industries.
The company is also the global market leader in railway systems, tool
steel, and special sections. voestalpine is committed to the global
climate goals and has a clear plan for decarbonizing steel production with
its greentec steel program. In the business year 2022/23, the Group
generated revenue of EUR 18.2 billion, with an operating result (EBITDA)
of EUR 2.5 billion; it has around 51,200 employees worldwide.

Please direct your inquiries to
voestalpine AG
DI (FH) Peter Fleischer
Head of Investor Relations
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-9949
peter.fleischer@voestalpine.com
[1] www.voestalpine.com

voestalpine AG
Mag. Peter Felsbach, MAS
Head of Group Communications I Spokesman
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-2090
peter.felsbach@voestalpine.com
[2] www.voestalpine.com

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05.07.2023 CET/CEST

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Language: English
Company: voestalpine AG
voestalpine-Straße 1
4020 Linz
Austria
Phone: +43 50304/15-9949
Fax: +43 50304/55-5581
E-mail: IR@voestalpine.com
Internet: www.voestalpine.com
ISIN: AT0000937503
WKN: 897200
Listed: Vienna Stock Exchange (Official Market)

 
End of News EQS News Service

1672675  05.07.2023 CET/CEST

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