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Fraport shareholders to receive dividend of €1.50 per share

Fraport shareholders to receive dividend of €1.50 per share

At Fraport AG’s 17th regular Annual General Meeting (AGM), 99.97 percent of the shareholders approved the recommended dividend of €1.50 per share. Thus, the dividend for fiscal year 2017 will remain at the previous year’s level.

Furthermore, shareholders ratified the actions of the company’s executive and supervisory boards for fiscal year 2017, by 99.64 percent and 97.14 percent respectively. The vote regarding the shareholder representatives in the supervisory board resulted in all 10 exisiting members being unanimously re-elected. Prior to the voting procedure, the company’s executive board chairman Dr. Stefan Schulte presented the completed 2017 business year results and answered questions addressed by shareholders at the AGM.

Today’s AGM at the Jahrhunderthalle in Frankfurt-Höchst was attended by 957 company’s shareholders. 87.77 percent of the company’s total share capital was represented at the AGM. Chaired by the firm’s supervisory board chairman Karlheinz Weimar, the AGM officially commenced at 10:00 and concluded at 14:51 CET.

About Fraport AG Frankfurt Airport Services Worldwide:

Fraport AG Frankfurt Airport Services Worldwide, is a German transport company which operates Frankfurt Airport in Frankfurt am Main and holds interests in the operation of several other airports around the world.

In the past the firm also managed the smaller Frankfurt-Hahn Airport located 130 kilometers west of the city.

It is listed on both the Xetra and the Frankfurt Stock Exchange. The company’s current chief executive officer is Stefan Schulte.

As of 2009, the company has approximately 20,000 employees – about 17,500 of them in Frankfurt – and an annual revenue of about €2 billion.

Fraport AG is also involved in ground handling operations at its own operated airports and at third-party operated airports. It mostly operates ground handling services in a deregulated context. Fraport was also involved to make Frankfurt Airport and Indira Gandhi International Airport ready for A380 operations.

Read the full article: https://www.eturbonews.com/186217/fraport-shareholders-to-receive-dividend-of-e1-50-per-share

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