Annual General Meeting of our site in 2024 – stockholders to decide on 50% boost in dividends distribution
Deutsche Bank Announces Virtual AGM 2024 and Dividend Plans
Deutsche Bank has announced its plans for the Virtual Annual General Meeting (AGM) 2024, along with its dividend proposals and adjustments to the Management Board compensation system.
Dividend Proposals
The proposed dividend for 2023 stands at €0.45 per share, a 50% increase from the 2022 dividend of €0.30 per share. This dividend, paid for the 2023 financial year, is in line with the bank's ambition to distribute around €8 billion to shareholders in respect of the financial years 2021 to 2025. For 2025, the bank reaffirms a dividend guidance of €1.00 per share, subject to a 50% payout ratio.
Management Board Compensation
While no explicit details about the compensation system adjustment for the Management Board have been found, it is common for such adjustments to be included in the annual Governance or AGM-related documents.
Shareholder Participation in the Virtual AGM 2024
Shareholders can participate in the Virtual AGM 2024 by registering via the investor relations platform ahead of the meeting. Registration must be completed by midnight (CEST) on May 10, 2024. Once registered, shareholders will have electronic voting rights through a secure online platform and will be able to follow the meeting live via a webcast. Shareholders who have registered can also exercise their voting rights, speak live during the meeting, and raise questions as provided by law.
AGM Agenda and Other Details
The AGM agenda, comprising 9 items in total, was published on March 26, 2024, in the German Federal Gazette (Bundesanzeiger) and on the bank's website (agm.our website). Shareholders have the right to submit statements on the agenda items in text form by means of electronic communication by no later than midnight (CEST) on Friday, May 10, 2024. The company will make the statements available on the website at agm.our website.
The speeches of the Chairman, Alexander Wynaendts, and Chief Executive Officer, Christian Sewing, will be published on the bank's website at agm.our website by midnight (CEST) on Wednesday, May 8, 2024. The bank's responses to pre-submitted questions will be published on the website at agm.our website no later than midnight (CEST) on May 14, 2024.
The Supervisory Board proposes a simplified compensation system for the Management Board. Shareholders who register by midnight (CEST) on May 10, 2024, can participate online via the access-protected shareholder portal.
The Annual General Meeting (AGM) of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) will be held virtually on May 16, 2024, and will be broadcast live on the bank's website agm.our website.
For full details, Deutsche Bank’s official AGM documents and investor relations communications should be consulted.
The proposed dividend for 2023, a significant increase from the previous year, is part of Deutsche Bank's business strategy to distribute around €8 billion to shareholders from the financial years 2021 to 2025, demonstrating a strong link between finance and shareholder returns.
In the virtual AGM 2024, shareholders can vote on various business-related matters, including the proposed compensation system for the Management Board, highlighting the incorporation of technology in the bank's operations and governance.
