AlzChem Group AG Gains Strong Shareholder Support and Increases Dividend

During a virtual meeting held on May 7, 2024, AlzChem Group AG witnessed considerable backing from its shareholders at the Annual General Meeting. The highlighted outcome was the approval of a dividend increase to EUR 1.20 per share, up from EUR 1.05 the previous year, reflecting the company's robust financial performance in 2023. Management and the Supervisory Board were also overwhelmingly endorsed for their stewardship of the company.

In addition to the dividend, the AGM covered several key resolutions including the formal approval of the Management Board and Supervisory Board’s actions, appointment of the auditor for forthcoming financial statements, and acceptance of other corporate governance materials such as the remuneration report and sustainability practices. The assembly further agreed on amendments to the company’s statutory articles and granted authority concerning the acquisition and usage of treasury shares.

CEO Andreas Niedermaier expressed satisfaction with the strong shareholder approval, attributing it to AlzChem’s successful shift to specialty chemicals and competent management, which he expects to drive continued profitable growth.