Brenntag holds General Shareholders’ Meeting in Düsseldorf

Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany), last week held its ordinary General Shareholders’ Meeting in Düsseldorf, where the shareholders voted to endorse all motions put forward by the Board of Management and the Supervisory Board. With an attendance rate of more than 74% the shareholders resolved to pay a dividend of EUR 1.00 per share, equivalent to a payout ratio of 42.3% of the profit after tax attributable to Brenntag shareholders (an increase of 11.1% on the previous year).

According to CEO Steven Holland, the company inFY2015 “delivered solid results, continued to grow and clearly increased its key financial performance indicators year on year”, despite an environment of macroeconomic weakness. He attributed that to Brenntag’s robust business model and sound positioning in the markets.

Source: Brenntag press release

HGE / DCG – 20.06.2016