Results of OMV’s Annual General Meeting 2023
- Total dividend of EUR 5.05 per share approved, thereof EUR 2.80 per share regular dividend and EUR 2.25 per share special dividend
- Dividend payment date on June 12, 2023
- New member of the Supervisory Board elected
- Lutz Feldmann elected as Chairman of the Supervisory Board following the Annual General Meeting
OMV’s Ordinary General Meeting has resolved on a total dividend of EUR 5.05 per share for 2022, of which EUR 2.80 per share represents the regular dividend and EUR 2.25 per share the special dividend. In addition, the Remuneration Report for the Executive Board and the Supervisory Board for 2022, the Long Term Incentive Plan 2023 and the Equity Deferral 2023 were resolved, and the election to the Supervisory Board were carried out.
Today's Annual General Meeting has resolved on a total dividend of EUR 5.05 per share. The payment date is June 12, 2023. The annual financial statements approved by the Supervisory Board were presented. The Executive Board members and the Supervisory Board members were discharged for their activities in the 2022 financial year. Former Chairman of the Executive Board and CEO Rainer Seele was discharged for the 2021 financial year. KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, Vienna, was elected as auditor and group auditor for the 2023 financial year.
Furthermore, the General Meeting approved the Long Term Incentive Plan 2023, a long-term remuneration instrument for the Executive Board members and selected senior managers as well as the Equity Deferral 2023, which is an integral part of the annual bonus agreement of the Executive Board Members.
Due to the expiry of Mr. Mark Garrett’s mandate to the Supervisory Board with effect as of the end of the General Meeting held on May 31, 2023, and his non-availability for another term, Mr. Lutz Feldmann was elected to the Supervisory Board by the General Meeting.
In addition, Mr. Lutz Feldmann was also elected as Chairman of the Supervisory Board in the Supervisory Board meeting held after the General Meeting.
The voting results of the Ordinary OMV General Meeting 2023 can be found at http://www.omv.com/general-meeting
Background information
OMV Aktiengesellschaft
With Group sales revenues of EUR 62 bn and a workforce of around 22,300 employees in 2022, OMV is amongst Austria’s largest listed industrial companies.
In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar™ (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV’s Fuels & Feedstock business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 1,800 filling stations in nine European countries. In the Energy segment, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2022 amounted to 392 kboe/d. Its activities also include the Low Carbon Business as well as the entire gas business.
OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.
OMV shares are traded on the Vienna Stock Exchange (OMV) and as American Depository Receipts (OMVKY) in the U.S.