EQS-News: STRABAG SE: All agenda items of 19th Annual General Meeting approved, Strategy 2030 presented

EQS-News: STRABAG SE / Key word(s): AGM/EGM
STRABAG SE: All agenda items of 19th Annual General Meeting approved,
Strategy 2030 presented

16.06.2023 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STRABAG SE: All agenda items of 19th Annual General Meeting approved,
Strategy 2030 presented

• Dividend of EUR 2.00 per share, 43% payout ratio
• Capital measures to reduce share of Rasperia to below 25% unanimously
adopted
• Presentation of Strategy 2030: People. Planet. Progress.

STRABAG SE, the publicly listed European technology group for construction
services, held its 19th Annual General Meeting in Vienna today in the form
of an in-person event. The Annual General Meeting resolved, among other
things, to distribute a dividend of EUR 2.00 per (dividend-bearing) share
for the 2022 financial year and to implement capital measures to reduce
the shareholding of MKAO “Rasperia Trading Limited” to below 25%.

“Despite the continuing interest rate turnaround, we were able to report
new record figures in 2022 and clearly achieve our strategic margin
target. We are distributing 43% of our net income after minorities to our
shareholders, which corresponds to an attractive dividend yield of 5.2%.
We welcome the broad support for the implementation of the proposed
capital measures and are convinced that the reduction of Rasperia’s
shareholding will significantly help to prevent any potential damage to
the company,” says Klemens Haselsteiner, CEO of STRABAG SE.

The Management Board of STRABAG SE today proposed a series of capital
measures to the Annual General Meeting that would reduce the shareholding
of MKAO “Rasperia Trading Limited” – a company controlled by the
sanctioned Russian citizen Oleg Deripaska – to below 25%. The move is
intended to reduce relevant drawbacks and risks for the company. The
resolution items for this agenda item were adopted unanimously.

As part of a conditional distribution from the reserves of STRABAG SE,
shareholders will be able to choose between a distribution in cash or in
the form of new shares, whereby the Management Board of STRABAG SE would
welcome shareholders choosing the share option. In any case, the intention
of these measures is not to reduce the free float.

Implementation of the capital measures is contingent upon several
conditions and will be completed in the first quarter of 2024 at the
earliest. The company will provide separate information on the technical
details at a later date.

In addition to these agenda items, the Annual General Meeting also
approved the remuneration report for 2022 and formally approved the
actions of the Management Board and the Supervisory Board for the 2022
financial year. KPMG Austria GmbH Wirtschaftsprüfungs- und
Steuerberatungsgesellschaft, Linz, was elected as auditor of the financial
statements and auditor of the consolidated financial statements for the
2023 financial year.

Strategy 2030

Last year, STRABAG announced its new “Work On Progress” mission and its
goal of becoming climate neutral along the entire value chain by 2040. The
new Group strategy, People. Planet. Progress., was developed on this basis
and already provides an answer as to how this vision is to become a
reality.

Klemens Haselsteiner, CEO of STRABAG SE, comments on the new strategy: “We
plan to grow profitably and to achieve real added value for people and
planet. We want to be a pioneer in climate-friendly construction, actively
shape the energy transition and sustainably reinforce our technology
leadership. We are convinced that we will be able to build on our previous
achievements and have set ourselves the ambitious goal of attaining an
EBIT margin of 6% by 2030.”

People. Planet. Progress. These are our guideposts pointing us in the
right direction. On this basis, we define six key strategic topics to
concentrate on until 2030: focus on employees, global-local presence,
circular economy, expertise in the energy sector, technology leadership
and real net output ratio.

The new strategy was presented to the public for the first time at the
19th Annual General Meeting. Further information and an interview with
Klemens Haselsteiner on the new strategy can be found at
https://work-on-progress.strabag.com/en/strategy-2030.

STRABAG SE is a European-based technology group for construction services,
a leader in innovation and financial strength. Our activities span all
areas of the construction industry and cover the entire construction value
chain. We create added value for our clients by taking an end-to-end view
of construction over the entire life cycle – from planning and design to
construction, operation and facility management to redevelopment or
demolition. In all of our work, we accept responsibility for people and
the environment: We are shaping the future of construction and are making
significant investments in our portfolio of more than 250 innovation and
400 sustainability projects. Through the hard work and dedication of our
approximately 79,000 employees, we generate an annual output volume of
around € 17 billion.

Our dense network of subsidiaries in various European countries and on
other continents extends our area of operation far beyond the borders of
Austria and Germany. Working together with strong partners, we are
pursuing a clear goal: to design, build and operate construction projects
in a way that protects the climate and conserves resources. More
information is available at www.strabag.com.

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16.06.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: STRABAG SE
Donau-City-Straße 9
1220 Vienna
Austria
Phone: +43 1 22422 – 1174
Fax: +43 1 22422 – 1177
E-mail: investor.relations@strabag.com
Internet: www.strabag.com
ISIN: AT000000STR1
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1658363

 
End of News EQS News Service

1658363  16.06.2023 CET/CEST