On 16 June 2010, round 1,100 shareholders attended the third Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) since its stock exchange debut in 2007, held at CCH Congress Center Hamburg. This number represents 78.2 percent of the ordinary share capital (previ-ous year: 79.6 percent).
In the course of his address, Klaus-Dieter Peters, Chairman of the HHLA Executive Board, stated that: “During a far-reaching economic crisis, HHLA maintained its position. The Group generated a base for continued dividend payments, it secured jobs, paid taxes and invested. HHLA possesses a successful business model geared to the long-term. Along with our strong earnings power and our solid balance sheet structure, this constitutes a good foundation for our further development.”
The Annual General Meeting approved all proposals from the Supervisory and Executive Boards by majorities of over 95 percent. The AGM accordingly approved the proposal for the distribution of a results-related dividend of 0.40 Euros per ‘A share’ of the subgroup Port Logis-tics, amounting to just under 28 million Euros (previous year: 70.0 million Euros). A distribution of 1.00 Euro per share is being made for the non-listed ‘S shares’ of the subgroup Real Estate, amounting to around 2.7 million Euros.