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Results of OMV’s Ordinary Annual General Meeting 2016

News Release, May 18, 2016 - 07:50 pm (CEST)

  • Dividend of EUR 1.00 per share approved, with payment date on Tuesday, May 31, 2016
  • Shareholders voted in favor of the Long Term Incentive Plan 2016 and the Matching Share Plan 2016
  • Members of the Supervisory Board elected as proposed

OMV’s Ordinary Annual General Meeting (AGM) has approved a dividend of EUR 1.00 per share for 2015 as well as all other agenda resolutions including the elections to the Supervisory Board, the Long Term Incentive Plan 2016 and the Matching Share Plan 2016.

Today’s General Meeting has approved a dividend of EUR 1.00 per share. The payment date was agreed for May 31, 2016. The Meeting presented the duly adopted annual financial statements and discharged the Executive Board and Supervisory Board. Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H., Vienna, was elected as the auditor and Group auditor for the 2016 financial year.

The General Meeting has granted authorization for the Long Term Incentive Plan 2016, which is a long-term compensation instrument for the Executive Board and selected senior managers that promotes mid and long-term value creation at OMV. Authorization was also granted for the Matching Share Plan 2016, an integral part of the annual bonus agreement, which is a long-term incentive and compensation vehicle for the Members of the Executive Board that promotes retention and shareholder alignment in OMV, combining the interests of management and shareholders via a long-term investment in restricted shares.

Due to the resignation of Ms. Alyazia Ali Saleh Al Kuwaiti, Mr. Wolfram Littich, Mr. Peter Oswald and Mr. Herbert Stepic from the Supervisory Board, the following four persons were elected as members of the Supervisory Board:

  • Mr. Marc H. Hall (until the end of the AGM voting on discharge for the financial year 2018)
  • Mr. Peter Löscher (until the end of the AGM voting on discharge for the financial year 2019)
  • Mr. Ahmed Matar Al Mazrouei (until the end of the AGM voting on discharge for the financial year 2018)
  • Mr. Karl Rose (until the end of the AGM voting on discharge for the financial year 2018)

In addition, Mr. Peter Löscher was elected as Chairman of the Supervisory Board and Ms. Gertrude Tumpel-Gugerell was elected as Deputy Chairwoman of the Supervisory Board in today’s Supervisory Board meeting.

Voting results and CVs of the new members of the Supervisory Board will be posted on OMV’s website at www.omv.com > Investor Relations > Financial Calendar and Events > Annual General Meeting 2016.

Background information:

OMV Aktiengesellschaft
With Group sales of EUR 23 bn and a workforce of around 24,100 employees in 2015, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV focuses on three core regions – CEE (Romania, Austria), North Sea as well as Middle East and Africa – and selected development areas.  2015 daily production stood at approximately 303 kboe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and approximately 3,800 filling stations in 11 countries as of end of 2015. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2015, gas sales volumes amounted to 110 TWh.

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