Wacker Chemie AG

EANS-News: Annual Shareholders' Meeting 2012: WACKER Expects Continued Strong Customer Demand in Q2 2012


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Annual & Special Corporate Meetings

Subtitle: - Executive and Supervisory Boards’ proposals adopted by large
majority of shareholders
- Dividend for fiscal 2011 is €2.20
- 2012 sales and earnings forecast reaffirmed

Munich (euro adhoc) - May 16, 2012 - Following volume gains in the first three
months of 2012, Wacker Chemie AG expects strong demand to continue in the second
quarter of 2012. Rudolf Staudigl, CEO of the Munich-based chemical company,
underscored this point at WACKER's 2012 Annual Shareholders' Meeting.
"Polysilicon demand remains high and Siltronic plans to generate positive
EBITDA," he said. In Q1 2012, WACKER's sales and earnings figures were markedly
better compared to Q4 2011.

Staudigl reaffirmed the full-year forecast. He said that sales should reach some
EUR5 billion, and earnings before interest, taxes, depreciation and amortization
(EBITDA) would probably be significantly below 2011's level (EUR1.1 billion) due
to lower year-over-year polysilicon prices.

Of 2011's Group net income of EUR356.1 million (2010: EUR497.0 million), WACKER
is paying out a total of EUR109.3 million (2010: EUR159.0 million) to its
shareholders. The dividend per dividend-entitled share is EUR2.20 (2011:
EUR3.20). The Executive and Supervisory Boards' other proposals were also
adopted by large majorities.

Resolutions and Voting Results
At today's Annual Shareholders' Meeting, 38,271,646 voting shares were
represented - 73.38 percent of all eligible shares (number of shares
outstanding: 49,677,983). The voting results were as follows for agenda items 2
through 5:

Topic 2: Resolution on the Appropriation of Net Retained Profit
The Executive and Supervisory Boards proposed that the net retained profit for
fiscal 2011, amounting to EUR978.7 million, be appropriated as follows: EUR109.3
million to be paid as a dividend to shareholders, EUR230.0 million to be kept as
retained earnings and EUR639.4 million to be carried forward to new account. The
proposal was adopted. The result was:
- 37,270,730 Yes votes (97.79 percent)
- 842,694 No votes

Topic 3: Resolution on the Ratification of the Actions of the Executive Board
The proposal of the Executive and Supervisory Boards to ratify the acts of the
members of Wacker Chemie AG's Executive Board during fiscal 2011 was adopted.
The result was:
- 37,237,291 Yes votes (99.94 percent)
- 21,615 No votes
 
Topic 4: Resolution on the Ratification of the Actions of the Supervisory Board
The Executive and Supervisory Boards' proposal to ratify the acts of the members
of Wacker Chemie AG's Supervisory Board during fiscal 2011 was adopted. The
result was:
- 37,077,428 Yes votes (99.60 percent)
- 148,700 No votes

Topic 5: Resolution on the Appointment of the Auditor
The Supervisory Board's proposal to appoint KPMG AG as auditor for fiscal 2012
was adopted. The result was:
- 37,291,266 Yes votes (99.97 percent)
- 10,749 No votes

Information for editorial offices: All documents relating to Wacker Chemie AG's
2012 Annual Shareholders' Meeting can be downloaded from WACKER's website
(www.wacker.com) under Investor Relations.

This press release contains statements about the resolutions of the 2012 Annual
Shareholders' Meeting. Said statements are not binding and serve the sole
purpose of providing an overview. They may not always correspond to the exact
wording and full extent of the resolutions adopted at the Annual Shareholders'
Meeting.

This press release contains forward-looking statements based on assumptions and
estimates of WACKER's Executive Board. Although we assume the expectations in
these forward-looking statements are realistic, we cannot guarantee they will
prove to be correct. The assumptions may harbor risks and uncertainties that may
cause the actual figures to differ considerably from the forward-looking
statements. Factors that may cause such discrepancies include, among other
things, changes in the economic and business environment, variations in exchange
and interest rates, the introduction of competing products, lack of acceptance
for new products or services, and changes in corporate strategy. WACKER does not
plan to update the forward-looking statements, nor does it assume the obligation
to do so.


Further inquiry note:
Christof Bachmair
Media Relations & Information
Tel.: +49 (0)89 6279 1830
E-Mail: christof.bachmair@wacker.com

end of announcement                               euro adhoc 
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company:     Wacker Chemie AG
             Hanns-Seidel-Platz 4
             D-81737 München
phone:       +49 (0) 89 6279 01
FAX:         +49 (0) 89 6279 1770
mail:     info@wacker.com
WWW:      http://www.wacker.com
sector:      Chemicals
ISIN:        DE000WCH8881
indexes:     MDAX, CDAX, Prime All Share
stockmarkets: free trade: Hannover, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing: Berlin, regulated dealing/prime standard:
             Frankfurt 
language:   English
 

 

 



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