About 2,000 shareholders and guests attended the first annual general meeting of Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) since the company’s IPO last year. The meeting was held at the CCH Congress Center Hamburg on Thursday, 12 June 2008. Some 79.9 percent of the share capital was represented.
HHLA was listed in the Prime Standard at Frankfurt and Hamburg Stock Exchanges for the first time on 2 November 2007, when the issue price was 53 euros per share. The MDAX closing price on the day before the
annual general meeting was 54.09 euros. This means that HHLA is one of the most successful new issues in 2007.
Klaus-Dieter Peters, CEO of HHLA, made the following comments in the course of his speech: “The excellent results achieved in the financial year 2007 reflect the steady development of our Group in recent years.
We are now enjoying the benefits of the purposeful development of our Company and our excellent positioning in one of the most promising growth markets in the world: port logistics. And we will be doing
everything in our power to continue operating successfully in the coming years.”
The annual general meeting passed the resolutions proposed by the Supervisory Board and Executive Board with majorities of more than 99 percent. The annual general meeting approved the proposal made by the
Executive Board and the Supervisory Board to distribute a dividend of 0.85 euros per Class A share (port logistics operations / entitled to receive dividend payments), amounting in total to 59.4 million euros.
1.00 euro is being distributed per Class S share (property operations / without a stock market listing), amounting in total to 2.7 million euros.