Vienna Insurance Group Annual General Meeting 2016
The 25th Annual General Meeting of Vienna Insurance Group AG Wiener Versicherung Gruppe was held on 13 May 2016 in the Wiener Stadthalle.
The Managing Board presented a review of financial year 2015 and answered shareholders questions during the Annual General Meeting. VIG Managing Board Chairwoman Elisabeth Stadler also emphasised the outlook for financial year 2016 in her presentation, and the goal of doubling profit (before taxes) to up to EUR 400 million.
The Annual General Meeting approved the proposal by the Vienna Insurance Group Managing Board and Supervisory Board for a dividend of EUR 0.60 per share. This corresponds to a dividend payout ratio of around 78 percent of net profits, thereby continuing the Group’s long-term dividend policy of distributing at least 30 percent of profit after taxes and minority interests.
18 May 2016 is the ex-dividend day, 19 May 2016 the record date and 20 May 2016 the dividend payment date.
The Annual General Meeting resolutions were adopted by a large majority of the shareholders. Further information is available for download on the Internet at http://www.vig.com/annual-general-meeting.
A video of the presentation by General Manager Elisabeth Stadler at today’s Annual General Meeting will be available for viewing at around 4:00 p.m. on the Vienna Insurance Group website at http://www.vig.com/annual-general-meeting.