With reference to the controversial discussions during the voestalpine AG Annual General Meeting, and the action in rescission filed by the shareholder Staller Investments GmbH against an election to the Supervisory Board, the General Committee of the Supervisory Board of voestalpine AG states as follows: (i) During 2019, the Internal Rules of Procedure for the Management Board were the subject of detailed and controversial debate with a revised version. (ii) In its upcoming meetings, the Supervisory Board will discuss a comprehensive reworking of its Internal Rules of Procedure, based on a pre-existing draft and including external support, and will adopt the final version resulting from these discussions. (iii) The General Committee intends to hold a discussion in the Supervisory Board on the principle of the permissibility of members of the Management Board of voestalpine AG taking up secondary employment with companies whose stakeholdings in voestalpine AG are of a volume such that they are bound by an obligation to report in accordance with the Austrian Stock Exchange Act.
The Supervisory Board will outline in detail the status of these consultations in its report to the Annual General Meeting 2020.
