2020 Annual General Meeting: With a strong history into a strong future

Cologne, 10 June 20120. OVB held a virtual Annual General Meeting in its 50th anniversary year on account of COVID-19.

In his speech to shareholders, the CEO of OVB Holding AG presented very positive figures for the 2019 financial year and reported on a good first quarter of 2020. “We are and remain optimistic in our 50th anniversary year and underscore this with the motto ‘With a strong history into a strong future.’ We have faced a number of challenges in our 50 years and have always emerged stronger”, said Mario Freis. Speaking to those in attendance, he said that he expects demand for one-stop financial consulting services to pick up. He added that this is both an opportunity and a great responsibility, of which OVB is aware.

A large majority of shareholders expressed their confidence in the members of the Executive Board and the Supervisory Board for the 2019 financial year and approved all the items on the agenda. Among other things, the shareholders resolved the payment of a dividend of €0.75 per share for the 2019 financial year, on par with the previous year.

The shareholders also authorised the Executive Board to buy back up to 300,000 of the treasury shares by 9 June 2025 and agreed to two amendments to the Articles of Association. Harald Steirer was elected as a new member of the Supervisory Board. He currently works exclusively for Generali Holding, Prague, Czech Republic, as a management consultant and has extensive knowledge of the markets in Central and Eastern Europe as well as Austria.

About the OVB Group

The OVB Group, with its holding company headquartered in Cologne, is one of Europe’s leading financial advisory groups. Since being founded in 1970, OVB’s business activities have focused on long-term, comprehensive and above all customer-oriented financial consulting for private households. OVB works with more than 100 high-performance providers and uses competitive products to serve its clients’ individual needs, from subsistence and property/asset insurance to pensions and asset building and growth. OVB currently operates in 15 European countries. 5,041 full-time financial advisors currently advise 3.87 million clients. In 2019, OVB Holding AG and its subsidiaries generated brokerage income of €257.8 million and EBIT of €14.1 million. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.