Results of OMV’s Annual General Meeting 2020
- Dividend of EUR 1.75 per share approved
- Dividend payment date on October 8, 2020
- Members of the Supervisory Board elected
- Mark Garrett elected as Chairman of the Supervisory Board following the Annual General Meeting
OMV’s Ordinary Annual General Meeting has resolved on a dividend of EUR 1.75 per share for 2019. Furthermore, all other agenda items including the new Remuneration Policy for the Executive Board and for the Supervisory Board, the Long Term Incentive Plan 2020, the Equity Deferral 2020 as well as the elections to the Supervisory Board were conducted.
Today’s General Meeting has approved a dividend of EUR 1.75 per share. The payment date will be October 8, 2020. The Meeting presented the duly adopted annual financial statements and discharged the Executive Board and Supervisory Board. Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Vienna, was elected as auditor and Group auditor for the 2020 financial year.
The General Meeting has adopted a new Remuneration Policy for the Executive Board, which considers material sustainability aspects, and for the Supervisory Board.
Furthermore, the General Meeting has adopted the Long Term Incentive Plan 2020, which is a long-term compensation instrument for the Executive Board and selected senior managers as well as the Equity Deferral 2020, which is an integral part of the annual bonus agreement of the Executive Board Members.
Due to the expiry of the appointment of two out of currently ten Supervisory Board members elected by the General Meeting, in each case with effect as of the end of the General Meeting held on September 29, 2020, and the statement by Mr Wolfgang C. Berndt not to be available as a candidate for re-election, two Supervisory Board members have been elected by the General Meeting:
- Ms. Gertrude Tumpel-Gugerell
- Mr. Mark Garrett
In addition, Mr. Mark Garrett was elected as Chairman of the Supervisory Board in the Supervisory Board meeting held after the General Meeting.
The results of OMV’s Annual General Meeting 2020 are presented on www.omv.com.
Background information:
OMV Aktiengesellschaft
OMV produces and markets oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 23 bn and a workforce of around 20,000 employees in 2019, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV has a strong base in Central and Eastern Europe as well as a balanced international portfolio, with Middle East & Africa, the North Sea, Russia and Asia-Pacific as further core regions. Daily average production was 487,000 boe/d in 2019. In Downstream, OMV operates three refineries in Europe and owns a 15% share in ADNOC Refining and Trading JV, with a total annual processing capacity of 24.9 mn tons. Furthermore, OMV has a 36% participation in Borealis, one of the world’s leading producers of polyolefins. The Company operates about 2,100 filling stations in ten European countries. OMV runs gas storage facilities in Austria and Germany; its subsidiary Gas Connect Austria GmbH operates a gas pipeline network in Austria. In 2019, gas sales volumes amounted to around 137 TWh. Sustainability is an integral part of OMV’s corporate strategy. OMV supports the transition to a lower-carbon economy and has set measurable targets for reducing carbon intensity and introducing new energy and petrochemical solutions.