Lenzing AG

EANS-News: Lenzing AG
Lenzing Annual General Meeting Resolves to Double Dividend to EUR 2.00 per Share

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Annual & Special Corporate Meetings

This year's Annual General Meeting of Lenzing AG resolved today, Wednesday April
20, 2016, to distribute a dividend of EUR 2.00 per share for the 2015 financial
year compared to EUR 1.00 per share for the previous year. The dividend payment
is scheduled to take place on April 26, 2016, whereas ex-dividend day is on
April 22, 2016.  

Furthermore, the Annual General Meeting approved the resolution to reduce the
number of Supervisory Board members. Effective immediately, the Supervisory
Board will have only eight shareholder representatives instead of nine as in the
past. Moreover, the Supervisory Board mandates of Franz Gasselsberger and
Patrick Prügger were extended for a further term of office ending at the Annual
General Meeting in 2020.  

Accordingly, the shareholder representatives on the Supervisory Board now
consist of Hanno Bästlein, Veit Sorger, Felix Strohbichler, Helmut Bernkopf,
Franz Gasselsberger, Josef Krenner, Patrick Prügger and Astrid Skala-Kuhmann.

The Annual General Meeting held today also adopted a resolution discharging the
members of the Management Board and Supervisory Board for the 2015 financial
year. In addition, the Annual General Meeting resolved upon the remuneration of
the Supervisory Board members for the 2015 financial year. Deloitte Audit
Wirtschaftsprüfungsgesellschaft mbH, Vienna, was appointed once again to serve
as the auditor of the annual and consolidated financial statements for the 2016
financial year.

Moreover, the Management Board was authorized, contingent upon the consent
granted by the Supervisory Board, to buy back the Company's own shares (treasury
shares) up to a maximum of 10% of the Company's share capital, for a period
lasting up to 30 months starting with the date the resolution was passed. The
Management Board was also granted authorization, if necessary, to reduce the
Company's share capital, with the approval of the Supervisory Board, by
redeeming these own shares.

The subsequent constituent meeting of the new Supervisory Board elected Hanno
Bästlein to serve as the Chairman of the Supervisory Board, whereas Veit Sorger
and Felix Strohbichler were elected to serve as the Deputy Chairmen.

Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713
mailto:w.kaserer@lenzing.com

end of announcement                               euro adhoc 
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company:     Lenzing AG
               
             A-A-4860 Lenzing
phone:       +43 7672-701-0
FAX:         +43 7672-96301
mail:     office@lenzing.com
WWW:      http://www.lenzing.com
sector:      Chemicals
ISIN:        AT0000644505
indexes:     WBI, ATX, Prime Market
stockmarkets: official market: Wien 
language:   English
 



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