24.02.2011 – 15:02
EANS-General Meeting: Henkel AG & Co. KGaA
Announcement convening the general
meeting
-------------------------------------------------------------------------------- General meeting information transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
Convocation of the Annual General Meeting of
Henkel AG & Co. KGaA, Düsseldorf
Securities ID Numbers: |Ordinary shares |604 840 | |Preferred shares |604 843 |
International Securities Identification Numbers: |Ordinary shares |DE 0006048408 | |Preferred shares |DE 0006048432 |
The shareholders of our Corporation
are hereby invited to attend the
Annual General Meeting
taking place on
Monday, April 11, 2011, at 10.00 a.m.,
in the Congress Center Düsseldorf,
CCD-Stadthalle entrance,
Rotterdamer Strasse 141,
40474 Düsseldorf, Germany Admission is from 8.30 a.m.
This English text is a translation for information only. The original
German text published in the electronic version of the Federal Gazette
(Bundesanzeiger) of February 24, 2011, is the only authoritative version. I. AGENDA
1. Presentation of the annual financial statements and the consolidated
financial statements as endorsed by the Supervisory Board, and of the
management reports relating to Henkel AG & Co. KGaA and the Group, and
presentation of the corporate governance and remuneration reports, of the
information required according to Clause 289 (4), Clause 315 (4), Clause
289 (5) and Clause 315 (2) German Commercial Code [HGB], and of the report
of the Supervisory Board for fiscal 2010. Resolution to approve the annual
financial statements of Henkel AG & Co. KGaA for fiscal 2010.
Pursuant to Clause 171 German Stock Corporation Act [AktG], the
Supervisory Board has endorsed the annual financial statements and the
consolidated financial statements prepared by the Personally Liable
Partner. Pursuant to Clause 286 (1) AktG, it is proposed that the annual
financial statements be approved and adopted by the Annual General
Meeting; the other documents mentioned above shall be made available to
the Annual General Meeting without the requirement of adoption or
approval.
The Personally Liable Partner, the Shareholders´ Committee and the
Supervisory Board propose that the annual financial statements, stating an
unappropriated profit of 861,527,712.35 euros, be approved and adopted as
presented. 2. Resolution for the appropriation of profit.
The Personally Liable Partner, the Shareholders´ Committee and the
Supervisory Board propose that the unappropriated profit of 861,527,712.35
euros for fiscal 2010 be applied as follows:
|a) |Payment of a dividend of | | |
| |0.70 euros per ordinary |= |181,857,112.50 euros |
| |share (259,795,875 | | |
| |shares) | | |
|b) |Payment of a dividend of | | |
| |0.72 euros per preferred |= |128,277,270.00 euros |
| |share (178,162,875 | | |
| |shares) | | |
|c) |Allocation of | |250,000,000.00 euros |
| |to other retained | | |
| |earnings | | |
|d) |Carry-forward of the | | |
| |remaining amount of | |301,393,329.85 euros |
| |to the following year | | |
| |(profit carried forward) | | |
| | | |861,527,712.35 euros |
According to Clause 71 AktG, treasury shares do not qualify for a
dividend. The amount in unappropriated profit which relates to the shares
held by the Corporation at the date of the Annual General Meeting will be
carried forward. As up to the Annual General Meeting the number of such
treasury shares can change, an appropriately adapted proposal for the
appropriation of profit will be submitted to it, providing for an
unchanged payout of 0.70 euros per ordinary share and of 0.72 euros per
preferred share, with corresponding adjustment of the profit carried
forward to the following year.
3. Resolution to approve and ratify the actions of the Personally Liable
Partner.
The Personally Liable Partner, the Shareholders´ Committee and the
Supervisory Board propose that the actions of the Personally Liable
Partner be approved and ratified for fiscal 2010. 4. Resolution to approve and ratify the actions of the Supervisory Board.
The Personally Liable Partner, the Shareholders´ Committee and the
Supervisory Board propose that the actions of the members of the
Supervisory Board in office in 2010 be approved and ratified for that
financial year. 5. Resolution to approve and ratify the actions of the Shareholders´
Committee.
The Personally Liable Partner, the Shareholders´ Committee and the
Supervisory Board propose that the actions of the members of the
Shareholders´ Committee in office in 2010 be approved and ratified for
that financial year. 6. Resolution on the appointment of the auditor of the annual financial
statements and the consolidated financial statements and the examiner for
the financial review of interim reports for fiscal 2011.
The Supervisory Board - in agreement with the recommendations of the Audit
Committee - proposes that KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin,
Germany, be appointed as auditor of the annual financial statements and of
the consolidated financial statements and as examiner for the financial
review of interim reports for fiscal 2011. 7. Resolution on a supplementary Shareholders' Committee election.
Dr. h.c. Ulrich Hartmann resigned from the Shareholders´ Committee
effective as of the end of the 2010 Annual General Meeting. According to
Art. 27 of the Corporation´s Articles of Association, the Shareholders´
Committee should comprise a minimum of five and a maximum of ten members
appointed by the Annual General Meeting.
The Shareholders´ Committee and the Supervisory Board propose that
Dr.-Ing. Norbert Reithofer
Chairman of the Board of Management of BMW AG, Munich, Germany
No memberships of statutory German supervisory boards or
domestic or foreign oversight bodies comparable with a
statutory German supervisory board
be elected as a member to the Shareholders´ Committee effective as of the
end of the Annual General Meeting for the remaining period of office of
the Shareholders´ Committee (tenure completes with the end of the 2012
Annual General Meeting). 8. Resolution on approval of the conclusion of amendment agreements to
modify existing control and profit and loss transfer agreements between
Henkel AG & Co. KGaA and subsidiaries.
The relationship between Henkel AG & Co. KGaA as the dominant company and
below mentioned wholly owned subsidiaries as the dominated entities is
governed by control and profit and loss transfer agreements. In order to
ensure the ongoing recognition of the single-entity relationship between
two such parties for tax purposes, each such agreement was modified with
an amendment agreement dated December 9, 2010, harmonizing the wording to
that of current statutes and accommodating any changes in law that may
occur in the future. The agreements concerned have been concluded with the
following entities:
a) CHEMPHAR Handels- & Exportgesellschaft mbH, Hamburg, Germany
b) Clynol GmbH, Hamburg, Germany
c) Hans Schwarzkopf & Henkel GmbH, Hamburg, Germany
d) Henkel Erste Verwaltungsgesellschaft mbH, Düsseldorf, Germany
e) Henkel Loctite-KID GmbH, Garching, Germany
f) Henkel Management AG, Düsseldorf, Germany
g) Henkel Wasch- und Reinigungsmittel GmbH, Düsseldorf, Germany
h) Indola GmbH, Hamburg, Germany and
i) Schwarzkopf & Henkel GmbH, Düsseldorf, Germany
As a result of the amendment agreements, essentially the following content
has been incorporated in the respective control and profit and loss
transfer agreements:
- The subsidiary subordinates its management to Henkel AG & Co. KGaA,
which is empowered to issue instructions to said management.
- Pursuant to Clause 301 AktG, the subsidiary is obliged to transfer
its entire profit to Henkel AG & Co. KGaA.
- Subject to authorization by Henkel AG & Co. KGaA, the subsidiary may
transfer amounts from its annual net income to retained earnings,
but only to the extent permissible under commercial law and in line
with the precepts of economic prudence. Retained earnings accruing
during the term of the agreement shall be released to Henkel AG &
Co. KGaA on demand and transferred as profit or as compensation for
a net loss made in a trading year. The transfer of amounts arising
from the release of reserves formed before the start of this
agreement is precluded from this requirement.
- Pursuant to the provisions of Clause 302 AktG, Henkel AG & Co. KGaA
is obliged to compensate for any net loss incurred in a trading year
by the subsidiary.
- The control and profit and loss transfer agreement came into
economic force as of January 1 of the year of its entry in the
commercial register in which the subsidiary is itself recorded. It
can be terminated with three months´ notice to the end of a
financial year, but only on expiry of the fourth year following the
year of entry in the commercial register (giving a minimum term of
five years). As long as such notice has not been given, the
agreement shall be automatically extended for another year with the
same period of notice applying. The right to immediate termination
for good cause or reason remains unaffected.
The amendment agreements come into force as of January 1 of the year of
its entry in the commercial register in which the subsidiary is itself
recorded.
The Personally Liable Partner, the Shareholders´ Committee and the
Supervisory Board propose that the Annual General Meeting approve the
amendment agreements modifying the control and profit and loss transfer
agreements as detailed. II. Further information and advisories
1. Total number of shares and voting rights
At the time of convocation of the Annual General Meeting, the capital
stock of the Corporation amounted to 437,958,750 euros. This is divided
into a total of 437,958,750 bearer shares of no par value with a
proportional nominal value of 1.00 euro each, of which 259,795,875 are
ordinary shares carrying the same number of voting rights, and 178,162,875
are preferred shares with no voting rights. The preferred shares do not
have voting rights in the Annual General Meeting according to Clause 140
(2) sentence 1 AktG either. 2. Conditions of participation in the Annual General Meeting and of
exercising voting rights
In accordance with Art. 20 of the Articles of Association, only those
shareholders (holders of ordinary and/or preferred shares) who, by the end
of April 4, 2011 (24:00 hours), present to the Corporation a special
validation issued by their depositary bank confirming ownership of shares
shall be entitled to attend - either in person or represented by their
proxyholder - the Annual General Meeting and to exercise voting rights
(holders of ordinary shares only). This validation should be sent to the
following address:
Henkel AG & Co. KGaA
c/o Commerzbank AG
WASHV dwpbank AG
Wildunger Strasse 14
60487 Frankfurt am Main, Germany
Fax: +49 (0) 69/5099-1110
E-mail: hv-eintrittskarten@dwpbank.de
The validation of share ownership must relate to the start of the 21st day
prior to the Annual General Meeting (Record Date), that is, to the
beginning of March 21, 2011 (0:00 hours). In the case of shares not held
in a securities depositary managed by a bank or a financial services
institution at the relevant time, certification of share ownership may be
provided by the Corporation or by a notary, by a central depositary of
securities or another bank or financial services institution.
The registration and validation documentation must be in either German or
English. A text format is sufficient for validation purposes.
The Record Date is the cutoff date for determining share ownership for
participation in the Annual General Meeting and exercising voting rights.
Pursuant to Clause 123 (3) sentence 6 AktG as related to the Corporation
in respect of participation in the Annual General Meeting (holders of
ordinary and holders of preferred shares) and exercising voting rights
(holders of ordinary shares only), only shareholders who have validated
share ownership as of the Record Date will be recognized as such.
In the event of doubt as to the correctness or authenticity of the
validation, the Corporation is entitled to demand a further suitable means
of proof. If this means of proof is not forthcoming, or is not provided in
the appropriate form, the Corporation may refuse participation in the
Annual General Meeting and the exercising of voting rights (Article 20 (3)
of the Articles of Association).
Shares will not be blocked or frozen as a result of registration for the
Annual General Meeting; shareholders can therefore still dispose of their
shares as they wish following registration.
Normally, the depositary institutions take care of the registration
formalities and presentation of the validation of shareholdings on behalf
of their clients. On receipt of their registration and validation of their
ownership of shares, shareholders will be sent admission cards allowing
participation in the Annual General Meeting, together with the relevant
proxy assignment forms or postal vote forms, by the Registration Office.
In order to ensure the timely receipt of these admission cards, we ask
that shareholders intending to attend the Annual General Meeting request
an admission card from their depositary bank at the earliest possible
time.
To ensure efficient organization of the Annual General Meeting, we request
that shareholders register early, and that they only register if they
seriously intend to participate in the Annual General Meeting. Having an
admission card is not a prerequisite of participation. Its purpose is
merely to facilitate the organizational procedures. 3. Postal voting procedure
Shareholders not attending the Annual General Meeting personally may
exercise their voting rights (ordinary shares only) by postal voting. In
this case too, shareholders need to register by the deadline and present
validation of their share ownership (cf. item 2 above).
Postal voting can be effected in writing or through electronic
communications.
If submitting a postal vote by conventional mail, please ensure that you
only use the form sent to you with the admission card. Postal votes
submitted by conventional mail must reach the Corporation in text form at
the address given in the form by April 7, 2011. Voting rights can also be
exercised electronically via the internet subject to compliance with the
procedures laid down by the Corporation.
Postal votes can be revoked or changed using the appropriate transmission
means right up to the time when they may be submitted. A personal
attendance at the Annual General Meeting is deemed as revocation of postal
votes already submitted by said shareholder.
If postal votes and instructions to proxyholders appointed by the
Corporation are received, postal votes will be given precedence in the
count.
Please note, however, that when selecting the postal voting option, you
will not be able to vote on countermotions made or candidates for election
proposed in the course of the AGM. Similarly, the postal voting option
means that you will not have an opportunity to speak, pose questions or
submit motions.
For further instructions relating to the postal vote option, please refer
to the advisory leaflet sent to shareholders together with the admission
card. The corresponding information is also available on the internet
(www.henkel.de/hv; www.henkel.com/agm). 4. Voting, assignment of powers of representation (proxies) and proxy voting
procedures
Shareholders who do not want to participate personally at the Annual
General Meeting can appoint a representative (proxyholder) to attend on
their behalf and - if they own ordinary shares - exercise their voting
rights. In this case too, shareholders need to register by the deadline
and present validation of their share ownership (cf. item 2 above).
The assignment of a proxy, its revocation/cancelation and verification of
such power of representation to the Corporation must be in text form
unless otherwise stipulated below. Revocation may also be effected by the
shareholder personally attending the Annual General Meeting.
Shareholders can assign powers of representation to their chosen
proxyholders by completing the proxy form (information to be provided in
text form) printed on the admission card and passing it to their assigned
representative (proxyholder) who, on presentation of said form at the
Annual General Meeting, will receive in exchange for the admission card
form, voting card documents (ordinary shares only) or a participation card
(preferred shares).
When assigning powers of representation to banks, similar institutions or
corporate entities (Clause 135 (10) and Clause 125 (5) AktG) or persons
pursuant to Clause 135 (8) AktG, and in particular shareholder
associations, the law neither stipulates a text form, nor do the Articles
of Association contain any special provision governing such actions. For
this group of proxyholders, therefore, the desired form for the assignment
of powers of representation (proxies) should therefore be as requested by
the assignee (i.e. the prospective proxyholder).
As usual, we also offer our ordinary shareholders the option of being
represented at the Annual General Meeting by proxyholders nominated by the
Corporation. Ordinary shareholders wishing to avail themselves of this
facility can use the proxy/instruction form printed on the admission card
for the Annual General Meeting to give respective instructions. Without
such instructions, the proxy is invalid. However, only instructions
relating to the proposals for resolution announced by the Corporation
prior to the Annual General Meeting are possible, including any proposal
on profit appropriation made in the Annual General Meeting amended as
described under agenda item 2 or relating to previously announced
proposals for resolution from shareholders submitted prior to the Annual
General Meeting by the Corporation in response to a request submitted by a
minority per Clause 122 (2) AktG, as a countermotion per Clause 126 (1)
AktG or as a nomination for election per Clause 127 AktG. The proxyholders
are obliged to cast the votes as instructed and may not exercise voting
rights at their own discretion. Ordinary shareholders wishing to avail
themselves of this facility must submit their appropriately completed
proxy form to the address given in the proxy form by April 7, 2011 at the
latest. Please note that proxyholders cannot accept instructions or
commissions to speak, lodge appeals against Annual General Meeting
resolutions, nor instructions or commissions relating to procedural
motions, nor can they ask questions or propose motions.
Using the data on the admission card, shareholders can also assign powers
of representation (proxies), also proxies to proxyholders nominated by the
Corporation, via the internet, subject to compliance with the procedures
laid down by the Corporation.
If a shareholder appoints more than one proxyholder, the Corporation may
reject one or several of these per Clause 134 (3) sentence 2 AktG. 5. Partial webcast of the Annual General Meeting via the internet
By order of the Chairperson of the Annual General Meeting, the opening of
the Annual General Meeting and the address given by the Chairperson of the
Management Board will be transmitted live via the internet. 6. Additional agenda item proposals requested by a minority pursuant to
Clause 122 (2) AktG
Ordinary and/or preferred shareholders, whose shareholdings together
equate to one twentieth of the capital stock or a proportional share of
the capital stock equivalent to 500,000 euros - corresponding to 500,000
ordinary and/or preferred shares or a combination of the two classes - can
request that items be included on the agenda and announced accordingly.
Each new item must be accompanied by a justification or a formulated
resolution. Such a request must be submitted to the Management Board in
writing and reach the Corporation by March 11, 2011 (24:00 hours) at the
latest. Requests are to be adressed to the address shown under no. 7
below.
Amendments and supplements to the AGM agenda that need to be
published/announced in advance will - unless already announced in the
Notice of Convocation - be published/announced immediately on receipt of
the request in the same way as the Notice of Convocation. 7. Countermotions and election nominations by shareholders pursuant to
Clause 126 (1) and Clause 127 AktG
Ordinary and/or preferred shareholders can submit countermotions in
relation to proposals submitted by the Personally Liable Partner and/or
Supervisory Board and/or Shareholders' Committee on individual agenda
items, and may also submit nominations for the elections detailed on the
agenda (Clause 126 (1) and Clause 127 AktG).
Any countermotions (with justification) or election nominations by
shareholders pursuant to Clause 126 (1) and Clause 127 AktG should be
exclusively submitted to the address below; countermotions or election
nominations submitted in some other way cannot be considered.
Henkel AG & Co. KGaA
- Hauptversammlung 2010 -
Investor Relations
Henkelstr. 67
40589 Düsseldorf, Germany
Fax: +49 (0)211 / 798 - 2863
E-mail: investor.relations@henkel.com
Countermotions (with justification) or election nominations by
shareholders requiring announcement will, on receipt, be published
together with the name of the proposing shareholder on the Corporation´s
website (www.henkel.de/hv; www.henkel.com/agm). Countermotions or
election nominations received at the address indicated above by the end of
March 27, 2011 (24:00 hours) will be included for consideration. Any
response from Management will likewise be published on the web address
indicated. Shareholders are requested to validate their ownership of shares at the time of submitting the motion.
8. Information rights pursuant to Clause 131 (1) and Clause 293g (3) AktG
Pursuant to Clause 131 (1) AktG, each shareholder, i.e. whether a holder
of ordinary or preferred shares, may in the Annual General Meeting
verbally request and require of the Personally Liable Partner that it
provide information on Corporation matters, the legal and business
relations of the Corporation with affiliated entities, and the position of
the Group and of companies included in the consolidated financial
statements, where such information is necessary in appraising an item on
the agenda and there is no valid right of refusal to provide such
information. Moreover, pursuant to Clause 293g (3) AktG, each shareholder
shall, on request, be provided in the Annual General Meeting with
information on all affairs and matters pertaining to subsidiaries that are
or may be material to any change in the control and profit and loss
transfer agreements relating to same.
Pursuant to Clause 131 (2) sentence 4 AktG in conjunction with Article 23
(2) sentences 3 and 4 of the Corporation´s Articles of Association, the
Chairperson of the Annual General Meeting may place a reasonable limit on
the time afforded under the right of shareholders to speak and ask
questions. 9. Supplementary information / website via which information required per
Clause 124 a AktG can be accessed
The Notice of Convocation of the Annual General Meeting, the documents and
motions of shareholders to which access must be provided, and other
information and explanations, particularly with regard to participation in
the Annual General Meeting, postal voting, the assignment of powers of
representation (proxies) and the issuance of instructions to proxyholders,
and also relating to shareholder rights per Clause 122 (2), Clause 126
(1), Clause 127, Clause 131 (1), and Clause 293g (3) AktG, can be obtained
from the Corporation´s website (www.henkel.de/hv; www.henkel.com/agm).
Together with their admission card, shareholders will be sent more details
pertaining to participation in the Annual General Meeting, postal voting
and the appointment of proxyholders and the issuance of instructions to
same.
The ballot results will be announced on the same websites after the Annual
General Meeting.
This Notice of Convocation was published in the Electronic Federal Gazette
on February 24, 2011 and transmitted to other media likely and able to
broadcast and disseminate the information throughout the European Union. Düsseldorf, February 2011
Henkel AG & Co. KGaA
Henkel Management AG (Personally Liable Partner)
Management Board
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Heinz Nicolas
Tel.: +49 (0)211 797-4516
E-Mail: heinz.nicolas@henkel.com
Branche: Consumer Goods
ISIN: DE0006048432
WKN: 604843
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Berlin / regulated dealing
Original content of: Henkel AG & Co. KGaA, transmitted by news aktuell