FRANCOTYP-POSTALIA HOLDING AG (FRA:FPH) Francotyp-Postalia Holding AG: FP Annual General Meeting with outlook for initiated transformation

Directive transparence : information réglementée

16/06/2021 15:43

DGAP-News: Francotyp-Postalia Holding AG / Key word(s): AGM/EGM
Francotyp-Postalia Holding AG: FP Annual General Meeting with outlook for initiated transformation

16.06.2021 / 15:43
The issuer is solely responsible for the content of this announcement.


FP Annual General Meeting with outlook for initiated transformation

Berlin, 16 June 2021 - Francotyp-Postalia Holding AG (ISIN DE000FPH9000) today held its virtual Annual General Meeting. The Annual General Meeting on fiscal year 2020 was again held virtually due to the continuous coronavirus pandemic. The participation rate accounted for 48.9 % of the share capital.

CEO Carsten Lind stated at the Annual General Meeting: "We have been working intensively on the implementation of our transformation programme FUTURE@FP over the past months and have achieved some initial successes. With this programme, we will develop FP into a profitable, international technology group with innovative software solutions aside of our market-leading franking machine solutions."

In his speech, Lind confirmed the guidance for the current fiscal year 2021, which will be dominated by the transformation of the FP Group. The Management Board thus anticipates revenue between EUR 185 million and EUR 196 million and EBITDA of EUR 6 million to EUR 12 million (EBITDA margin of 3 % to 6 %) for the fiscal year. With the transformation programme, the Management Board creates the foundations to successfully position FP for the future.

The Annual General Meeting approved the resolutions proposed by the administration mostly with majorities of more than 90 % of the votes in each case. The resolution on approving the actions of members of the Management Board for fiscal year 2020 was also adopted by a majority, except in the case of the former CEO. The actions of the former and current members of the Supervisory Board in fiscal year 2020 were also approved.

The period in office of all Supervisory Board members ended upon completion of the Annual General Meeting, meaning that new elections were required. The existing Supervisory Board members Dr Alexander Granderath, Lars Wittan and Klaus Röhrig were elected for another four years, i.e. until the end of the Annual General Meeting that decides on approval of the actions of the Supervisory Board for fiscal year 2024.

In addition, the Annual General Meeting adopted the resolution on the remuneration system for members of the Management Board with a large majority. The remuneration system had been prepared by the Supervisory Board with the assistance of independent advisors in consideration of the statutory requirements as well as the suggestions and recommendations of the German Corporate Governance Code. The Annual General Meeting also approved the remuneration and the remuneration system for members of the Supervisory Board with a large majority.

Information on the Annual General Meeting, including the complete voting results, is available in German at www.fp-francotyp.com/hv2021_de and in English at www.fp-francotyp.com/hv2021_en.

For Investor Relations press enquiries, please contact:
Anna Lehmann

Tel.: +49 (0) 30 220 660 410
E-mail: a.lehmann@francotyp.com

About Francotyp-Postalia:
The Berlin-based international, listed FP Group is an expert in solutions that make office and working life easier and more efficient. The company has four divisions: Franking & Office Solutions, Mail Services, Software & Business Process Automation and IoT. As the market leader in Germany and Austria and the world's third-largest provider of franking systems, the Group has been a force to be reckoned with for almost 100 years. The company has subsidiaries in ten different countries and a dealer network in 40 others. In the Mail Services area, FP offers consolidation of business mail and is one of the leading providers in Germany. In the Software and BPA business area, FP optimises customers' business processes and offers solutions ranging from electronic signature solutions, hybrid mail and input-output management for physical and digital documents through to data-driven automation of complex business processes. In the future-oriented area of Internet of Things (IoT), the company develops platform and software-as-a-service solutions to not only record and transfer data, but also prepare it and make it usable for customers. The Group generated revenue of around EUR 196 million in 2020.

Francotyp-Postalia Holding AG

Anna Lehmann

Telefon: +49 (0)30 220 660 410
Telefax: +49 (0)30 220 660 425
E-Mail: ir@francotyp.com

16.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Francotyp-Postalia Holding AG
Prenzlauer Promenade 28
13089 Berlin
Phone: +49 (0)30 220 660 410
Fax: +49 (0)30 220 660 425
E-mail: ir@francotyp.com
Internet: www.fp-francotyp.com
ISIN: DE000FPH9000
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1208777

End of News DGAP News Service

1208777  16.06.2021