The Annual General Meeting of 3U HOLDING AG (ISIN DE0005167902) on May 25, 2022 paved the way for far-reaching changes in the Company's supervisory and executive bodies. With a large majority, the shareholders approved an amendment to the Articles of Association to expand the Supervisory Board to now four seats. They also elected Michael Schmidt, the founder and long-time CEO of 3U, to the Supervisory Board by a large majority. Michael Schmidt resigned from his position on the Company's Management Board with effect from the end of the day of the Annual General Meeting. His membership of the Supervisory Board will commence upon entry of the amendment to the Articles of Association in the Commercial Register. During the meeting, Ralf Thoenes, as Chairman of the Supervisory Board, thanked Michael Schmidt for his many years of service and his special commitment as a member of the Management Board and Spokesman of the Management Board of 3U HOLDING AG, as well as for the trusting and always open cooperation. At the same time, he expressed the hope that Michael Schmidt's experience and commitment would continue to benefit 3U with his move to the Supervisory Board.
The members of the Management Board and Supervisory Board were also discharged by large majorities, the remuneration report was approved and the auditors Ebner Stolz GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft was again elected as auditor. The Annual General Meeting almost unanimously approved the proposal of the Management Board and Supervisory Board to distribute a dividend of 0.05 euros per share for the 2021 financial year.
Following the Annual General Meeting, the Supervisory Board in its previous composition resolved to appoint Christoph Hellrung to the Management Board of 3U HOLDING AG, where he will again hold the position of Chief Financial Officer. In the run-up to a possible IPO of the subsidiary weclapp SE, he had been appointed to weclapp’s Management Board and had resigned from his office at 3U HOLDING AG as of 31 October 2021.
The Management Board of 3U HOLDING AG will therefore continue to comprise three members: Christoph Hellrung, Uwe Knoke and Andreas Odenbreit. The Management Board acts as a collegial body, the position of a spokesperson or chairman is not created.
In the address of the Management Board and in the detailed answers to the questions and contributions of the shareholders and shareholder associations, the successful start into the financial year 2022 with sales and EBITDA growth in the first quarter was highlighted. The Management Board of 3U HOLDING AG reaffirmed the forecast for the current year, which anticipates strong sales growth with stable earnings, and emphasized that it expects 2022 to be a good year.
The members of the Management Board and Supervisory Board were also discharged by large majorities, the remuneration report was approved and the auditors Ebner Stolz GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft was again elected as auditor. The Annual General Meeting almost unanimously approved the proposal of the Management Board and Supervisory Board to distribute a dividend of 0.05 euros per share for the 2021 financial year.
Following the Annual General Meeting, the Supervisory Board in its previous composition resolved to appoint Christoph Hellrung to the Management Board of 3U HOLDING AG, where he will again hold the position of Chief Financial Officer. In the run-up to a possible IPO of the subsidiary weclapp SE, he had been appointed to weclapp’s Management Board and had resigned from his office at 3U HOLDING AG as of 31 October 2021.
The Management Board of 3U HOLDING AG will therefore continue to comprise three members: Christoph Hellrung, Uwe Knoke and Andreas Odenbreit. The Management Board acts as a collegial body, the position of a spokesperson or chairman is not created.
In the address of the Management Board and in the detailed answers to the questions and contributions of the shareholders and shareholder associations, the successful start into the financial year 2022 with sales and EBITDA growth in the first quarter was highlighted. The Management Board of 3U HOLDING AG reaffirmed the forecast for the current year, which anticipates strong sales growth with stable earnings, and emphasized that it expects 2022 to be a good year.
