At Deutsche Bank’s Annual General Meeting in Frankfurt shareholders approved a 2007 dividend of 4.50 per share. This corresponds to a dividend appropriation of 2.3 billion. The dividend will be distributed on 30 May 2008.
The Annual General Meeting also approved all other proposals put forward by the supervisory board and the management board by large majorities.
The terms of office of all members of the supervisory board expired at the end of the Annual General Meeting, with the exception of Theo Siegert. The following shareholder representatives were newly elected to the supervisory board: Clemens Brsig, Karl-Gerhard Eick, Sir Peter Job, Henning Kagermann, Suzanne Labarge, Maurice Lvy, Johannes Teyssen, Tilman Todenhfer and Werner Wenning.
Ratification of the Acts of Management of the members of the management board was approved by a vote of 98.86%. The ratification of the Acts of Management of the supervisory board was approved by a vote of 98.83%. Around 6,000 shareholders attended the Annual General Meeting with a total of 33.2% of voting capital present.
The Annual General Meeting also approved the authorisation to acquire own shares in the amount of up to 10% of the company’s share capital until 31 October 2009. At the same time, the buyback program authorised by last year’s Annual General Meeting was concluded. Within the scope of this program, the bank bought back 7.2 million shares or 1.4% of share capital in the past 12 months. It has not yet been determined when the new share buyback authorization will be initiated.