08/05/2014
The shareholders voted as follows on the fundamental items on the agenda:
Resolution on the use of the profit shown on the balance sheet (item 2)
The Annual General Meeting has voted, as proposed by the Board of Managing Directors and Supervisory Board, with a majority of 99.9% to allocate the profit on the balance sheet shown in the annual financial statements for the financial year 2013 to the amount of approximately EUR 83.1 million completely to the profit reserves.
Discharge (items 3 and 4)
The members of the Board of Managing Directors and Supervisory Board were discharged with an majority of 99.5% and 99.0%, respectively.
New election of two members to the Supervisory Board and of one substitute member (item 7)
The Annual General Meeting has, as proposed by theSupervisory Board, elected Dr. Stefan Lippe and Nicholas Teller to the Supervisory Board of Commerzbank AG with a majority of 99.8% and 99.7% of the votes, respectively. Solms U. Wittig was also elected, with 99.8% of the votes by the Annual General Meeting, as the substitute member for the two new members of the Supervisory Board.
The Supervisory Board member Prof. Dr. Dr. Hans-Peter Keitel has left the Supervisory Board with the conclusion of the 2014 Annual General Meeting.
Resolution on the approval of amending agreements to nine Domination and Profit and Loss Transfer Agreements as well as Profit and Loss Transfer Agreements (item 8) and of an amending agreement for the purpose of restating one Profit and Loss Transfer Agreement (item 9)
The Annual General Meeting has, with a majority of 99.9%, approved the clarifying amendment of corporate group agreements with a total of ten subsidiaries. This had become necessary with a change in the German Corporation Tax Act (KStG). The corporate group agreements contain the required agreement on loss transfer pursuant to § 302 German Stock Corporation Act (AktG) for a fiscal unit. The reference in the agreements to the provisions of § 302 AktG will now be dynamic (“in its respective valid version”) with the approval of the Annual General Meeting.
Under item 9 the necessary adjustment as described above was utilised to restate as a whole a very old Profit and Loss Transfer Agreement with Atlas Vermögensverwaltungsgesellschaft mbH. The clarifying amendment and the restatement were approved by the Annual General Meeting with a majority of 99.9%.
The precise voting results on the individual items on the agenda are to be found at www.commerzbank.com/agm.
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About Commerzbank
Commerzbank is a leading bank in Germany and Poland. It is also present worldwide in all markets for its customers as a partner to the business world. With the business areas Private Customers, Mittelstandsbank, Corporates & Markets and Central & Eastern Europe, it offers its private and corporate customers as well as institutional investors the banking and capital market services they need. With approximately 1,200 branches Commerzbank has one of the densest branch networks among German private banks and is on its way to become a modern multichannel bank. In total, Commerzbank boasts approximately 15 million private customers, as well as 1 million business and corporate customers. In 2013, it generated revenues of more than 9 billion euros with approximately 54,000 employees on average.
