Schaeffler AG's Annual General Meeting Approves Vitesco Technologies Merger

• The Annual General Meeting of Schaeffler AG approved the merger of Vitesco Technologies Group Aktiengesellschaft into Schaeffler AG.
• The completion of the merger is expected in the fourth quarter of 2024.
• The Annual General Meeting also approved a dividend of 45 eurocents per non-voting common share for the 2023 financial year.
• Horst Ott, District Manager of the IG Metall union in Bavaria, was appointed as a member of the Supervisory Board.
• The preparations for the integration of Vitesco into Schaeffler are progressing according to plan.
• The company raised the corridor for the annual dividend payout from the previous 30 to 50 percent to now 40 to 60 percent.

The next important date, Annual general meeting, at Schaeffler is on 25.04.2024.

The price of Schaeffler at the time of the news was 6,2825EUR and was down -0,40 % compared with the previous day.
13 minutes after the article was published, the price was 6,2700EUR this corresponds to a minus of -0,20 % since publication.
At this time, the index SDAX was at 14.031,88PKT (-1,24 %).

Schaeffler

+0,54 %

-4,73 %

-10,58 %

-8,06 %

-15,04 %

-26,20 %

-27,17 %

-60,46 %

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ISIN:DE000SHA0159WKN:SHA015

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