Telekom Austria AG

EANS-General Meeting: Telekom Austria AG
Resolutions of the General Meeting

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Resolutions including Voting Results of the AGM 2010

Telekom Austria Aktiengesellschaft Company no. 144477t, Commercial Court Vienna ISIN AT 0000720008

Resolutions and voting results of the Annual General Meeting, which took place on May 27, 2010, at 10:00 a.m. at the Vienna Stadthalle, Halle F, A-1150 Vienna, Vogelweidplatz 14.

The share capital of the company amounts to Euro 966,183,000 is divided into 443 million bearer shares without par value.

Agenda Item 1: Presentation of the adopted financial statements and the management report as well as the consolidated financial statements including the consolidated management report and the corporate governance report, the proposal for utilization of the net profit and the Supervisory Board report on the fiscal year 2009.

No resolution required.

Agenda Item 2: Resolution on the utilization of the net profit shown in the financial statements for the fiscal year 2009.

The following resolution was passed:

"Distribution of a dividend of Euro 0.75 per eligible no par value share. The rest and the amount that is allotted to non-eligible treasury shares will be carried forward onto new account."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,181,590 Proportion of the share capital represented by these votes: 64.60% Pro: 286,123,695 Contra: 57,895 Abstentions: 3,760

Agenda Item 3: Resolution on the discharge of the members of the Management Board for the fiscal year 2009.

The following resolution was passed:

"The members of the Management Board are granted discharge for the fiscal year 2009."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,183,102 Proportion of the share capital represented by these votes: 64.60% Pro: 284,313,030 Contra: 1,870,072 Abstentions: 5,348

Agenda Item 4: Resolution on the discharge of the members of the Supervisory Board for the fiscal year 2009.

The following resolutions were passed:

"The members of the Supervisory Board, except for Mr Peter Michaelis and Ms Edith Hlawati (discharged by separate vote), are discharged for the fiscal year 2009."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,180,789 Proportion of the share capital represented by these votes: 64.60% Pro: 284,317,746 Contra: 1,863,043 Abstentions: 8,326

"Ms Edith Hlawati, vize-chairman of the Supervisory Board, is discharged for the fiscal year 2009."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,177,387 Proportion of the share capital represented by these votes: 64.60% Pro: 284,314,642 Contra: 1,862,745 Abstentions: 10,840

"Mr Peter Michaelis, chairman of the Supervisory Board, is discharged for the fiscal year 2009."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,178,898 Proportion of the share capital represented by these votes: 64.60% Pro: 284,311,558 Contra: 1,867,340 Abstentions: 9,329

Agenda Item 5: Resolution on the compensation for the members of the Supervisory Board for the fiscal year 2009.

The following resolution was passed:

"The remuneration for elected members of the Supervisory Board for the fiscal year 2009 is determined as follows:

-     for the chairman Euro 30,000
      -     for the deputy chairman Euro 22,500
      -     for every further member of the Supervisory Board Euro 15,000
      -     the attendance fee for each member of the Supervisory Board per
           meeting shall amount to Euro 300 until further notice." 

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,173,543 Proportion of the share capital represented by these votes: 64.60% Pro: 286,140,311 Contra: 33,232 Abstentions: 8,199

Agenda Item 6: Election of the auditors of the financial statements and of the consolidated financial statements for the fiscal year 2010.

The following resolution was passed:

"KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, Vienna, is elected as company auditor and group auditor for the fiscal year 2010."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,050,648 Proportion of the share capital represented by these votes: 64.57% Pro: 286,027,165 Contra: 23,483 Abstentions: 128,003

Agenda Item 7: Election of one member of the Supervisory Board.

The following resolution was passed:

"Mr. Wolfgang Ruttenstorfer, born October 15, 1950, is elected as a member of the Supervisory Board. He is elected until the end of the Annual General Meeting resolving upon the discharge of the Supervisory Boards for the fiscal year 2012."

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,048,889 Proportion of the share capital represented by these votes: 64.57% Pro: 285,878,208 Contra: 170,681 Abstentions: 128,953

Agenda Item 8: Management report on share buy-back effected, number of treasury shares held and use of treasury shares.

No resolution required.

Agenda Item 9: Resolution on the amendment of the Articles of Association in particular for adaptation according to the Stock Corporation Amendment Act 2009 (Aktienrechts-Änderungsgesetz 2009).

The following resolution was passed:

"Para 3 to 5, 8, 12 and 14 to 20 of the Articles of Association are amended as follows, in particular to adapt them to the Stock Corporation Amendment Act 2009 (Aktienrechts-Änderungsgesetz 2009):

§ 3 shall be entirely revised and shall be reworded as follows: "§ 3 Communication between Shareholders and Company

(1)   The Company shall publish its information on its website and, as far as
      required by law, also in the official gazette of "Wiener Zeitung".
(2)   As far as written form is not mandatory by law, resolution proposals,
      reasons and other declarations shall be sent to the Company in text form
      exclusively to the address which is published on the website of the
      Company.
(3)   Resolution proposals, reasons, declarations in accordance with Para 87
      Sec 2 Stock Corporation Act and other notifications to the Company shall
      be submitted in any case in German. The German version shall always
      prevail; the Company is not obliged to verify whether the foreign language
      version complies with the German version.
(4)   Deposit confirmations are only accepted in German and English. The
      Company is not obliged to verify the correctness of deposit confirmations.
(5)   The language at the General Meeting is German."

§ 4 Sec 3 shall be reworded as follows:
"(3)  The form and content of the share certificates and the profit sharing and
      renewal certificates are determined by the Management Board. The same
      applies to scrips, debenture bonds, interest warrants and warrants. Any
      entitlement of a shareholder to the issue of certificates for his or her
      share shall be excluded."

§ 5: The second sentence in Sec (1) "An appointment as member of the Management
Board is permissible until the age of 65." shall be deleted. Sec (1) shall
therefore read as follows:
"(1)  The Management Board of the Company has two to four members. The
      Supervisory Board may appoint one member as Chairman and one member as
      Deputy Chairman. The appointment of proxies is allowed."

§ 8: The second sentence in Sec (1) "A member of the Supervisory Board may be
elected until the age of 65." shall be deleted. Sec (1) shall therefore read as
follows:
"(1)  The Supervisory Board of the Company shall consist of up to ten members
      elected by the General Meeting and those members delegated by the works
      council in accordance with Para 110 Sec 1 ArbVG."

§ 12 Sec (3) shall be reworded as follows:
"(3)  The Supervisory Board shall audit the financial documents presented by
      the Management Board (Para 20 Sec 1), declare its position about these
      documents to the Management Board and issue a report to the Annual General
      Meeting."

§ 12: After Sec (3) a new Sec (4) shall be inserted with the following wording:
"(4)  In cases provided for by law, the Supervisory Board shall submit
      proposals on resolutions to the General Meeting for electing members to
      the Supervisory Board as well as for appointing of auditors for the
      financial statements or, as the case may be, of special auditors." 

§ 12: The existing Sec (4), (5) and (6) shall be renumbered as Sec (5), (6) and (7).

§ 14 Sec (1) shall be reworded as follows:
"(1)  The Supervisory Board may set up one or more committees from among its
      members and determine their tasks and authorizations; the committees can
      be set up permanently or for specific tasks. The right to make decisions
      can also be transferred to the committees. The Supervisory Board shall set
      up an audit committee in accordance with Para 92 Sec 4a Stock Corporation
      Act."

§ 15 Sec (2) and (3) shall be entirely revised and shall be reworded as
follows:
"(2)  The General Meeting shall be convened by the Management Board or by the
      Supervisory Board according to the legal provisions. The entitlement of
      other persons according to the law or the Articles of Association to
      convene a General Meeting shall remain unaffected.
(3)   Upon approval by the Supervisory Board, the Management Board is
      authorized to provide in the convocation of the General Meeting that
      shareholders may participate in the General Meeting via remote
      participation (Para 102 Sec 3 Subsec 2 Stock Corporation Act) and/or via
      remote voting (Para 102 Sec 3 Subsec 3 Stock Corporation Act) and to
      exercise in such way specific or all rights. If the Management Board uses
      this authorization, the details shall be announced in the convocation of
      the General Meeting." 

§ 15: The remaining Sec in § 15 after the renumbered Sec (2) and (3) shall be deleted.

§ 16 shall be entirely revised and shall be reworded as follows: "§ 16 General Meeting - Participation

(1)   The entitlement to participate in the General Meeting and to exercise
      those shareholder rights, which are to be exercised in the General
      Meeting, depends for bearer shares on the share ownership, for scrips and
      registered shares on the entry in the register of shareholders, in each
      case at the end of the tenth day before the day of the General Meeting
      (record date).
(2)   As for bearer shares kept on deposit, a deposit confirmation according to
      Para 10a Stock Corporation Act is sufficient proof of the share ownership
      on the record date provided that the Company receives this confirmation at
      the address referred to in the convocation by the third business day prior
      to the General Meeting the latest, unless the convocation states a later
      date.
(3)   For bearer shares which are not kept on deposit, the written confirmation
      of the Company or of an Austrian notary public is sufficient, provided
      that the Company receives this confirmation at the address referred to in
      the convocation by the third business day prior to the General Meeting the
      latest, unless the convocation states a later date. For the content of the
      confirmation, Para 10a Sec 2 Stock Corporation Act applies analogously
      except for the number of the deposit.
(4)   If scrips or registered shares have been issued, the shareholders entered
      in the share register on the record date are entitled to participate in
      the General Meeting, provided that they register at the address referred
      to in the convocation by the third business days prior to the General
      Meeting, unless the convocation states a later date.
(5)   For participation in the General Meeting and for exercising those
      shareholder rights which are to be exercised in the General Meeting, each
      shareholder may appoint a physical or legal person as representative. The
      proxy shall be issued in text form, submitted to the Company and shall be
      either physically kept or verifiably recorded by the Company. The details
      for granting a proxy will be announced together with the convocation of
      the General Meeting.
(6)   For remote participation and remote voting (Para 15 Sec 3) separate
      registration may be required in the convocation, whereby for the
      expiration of the registration deadline also an earlier date can be
      determined.
(7)   Members of the Management Board or the Supervisory Board may attend the
      General Meeting by means of an optical and/or acoustical two-way
      connection." 

§ 17 Sec (1), shall be reworded as follows: "(1) Each no par value share entitles the holder to one vote."

§ 17: The former Sec (2) shall be deleted, so that the existing Sec (3), (4) and (5) will be renumbered as Sec (2), (3) and (4).

§ 18 shall be entirely revised and shall be reworded as follows: "§ 18 Chair, Direction and Broadcasting of the General Meeting

(1)   The General Meeting is chaired by the Chairman of the Supervisory Board;
      if neither he nor one of his deputies is present in person or is willing
      to chair the meeting, then the notary public present to record the
      proceedings shall chair the meeting to elect a Chairman.
(2)   The Chairman of the General Meeting conducts the proceedings and in
      particular determines the sequence in which the items of the agenda are
      dealt with and the sequence of the speakers, and for each item the form
      and sequence of voting on resolution proposals, as well as the procedure
      for counting the votes, unless mandatory law provides otherwise.
(3)   The General Meeting may be publicly broadcasted in parts or in its
      entirety acoustically and/or visually and may be made available on the
      internet."

§ 19 Sec (1), shall be reworded as follows:
"(1)  The Annual General Meeting takes place within the first eight months of
      the fiscal year. Besides presentation of documents in accordance with Para
      20 Sec 1, the agenda comprises the adoption of the Company´s financial
      statements, if required by law, the resolution on the utilization of net
      profits, if the financial statements show a net profit, and the granting
      of discharge to the members of the Management Board and to the members of
      the Supervisory Board."

§ 20 shall be revised in Sec (1) to (4), and shall be reworded as follows:
"(1)  The Management Board must, during the first five months of the fiscal
      year, draw up the financial statements, the management report, the
      consolidated financial statements and the consolidated management report
      for the past fiscal year, and after auditing by the Company auditor, must
      submit these documents to the Supervisory Board together with the
      corporate governance report and, if the financial statements show a net
      profit, together with a proposal for the utilization of net profits.
(2)   The Supervisory Board must audit the documents referred to in Sec 1
      within two months after receipt, declare its position about these
      documents to the Management Board and issue a report to the General
      Meeting.
(3)   If the Supervisory Board approves the financial statements, they are
      adopted unless the Management Board and Supervisory Board decide that they
      will be adopted by the General Meeting.
(4)         If the financial statements show a net profit, the Annual General
      Meeting will resolve on the utilization of the net profits. Thereby, the
      General Meeting is bound by the financial statements adopted by the
      Management Board and approved by the Supervisory Board. The General
      Meeting may hold back the net profits from distribution, either in full or
      in part, contrary to the proposal for the utilization of net profits. The
      Management Board must make the changes in the financial statements which
      become necessary as a result."" 

Number of shares for which valid votes were cast as well as total number of valid votes cast: 286,112,455 Proportion of the share capital represented by these votes: 64.59% Pro: 286,093,351 Contra: 19,104 Abstentions: 0

For further information on the Annual General Meeting please visit our website under www.telekomaustria.com/agm

end of announcement                               euro adhoc
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Further inquiry note:

Matthias Stieber
Head of Investor Relations
Tel.: +43 (0) 590591-19000
E-mail: matthias.stieber@telekom.at

Branche: Telecommunications
ISIN: AT0000720008
WKN: 555750
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

Original-Content von: Telekom Austria AG, übermittelt durch news aktuell

Weitere Meldungen: Telekom Austria AG

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