OVB Holding AG: Annual General Meeting approves dividend of €0.90 per share

• Shareholders agree significant 20% increase compared to the ordinary dividend for the previous year
• Positive summary of the end of the current “OVB Evolution 2022” strategy period

Cologne, 15 June 2022. OVB Holding AG (ISIN DE0006286560) today held its Annual General Meeting for the 2021 financial year. Out of concern for the health of employees and shareholders, the Annual General Meeting was held entirely virtually for the third time in a row. Registered shareholders could watch the entire Annual General Meeting using a protected online service.

Optimism about the future

In his speech, the Chief Executive Officer Mario Freis summed up a successful 2021 financial year and the strategy period, which is drawing to a close, with positive words: “Our company responds to and mitigates risks, changes and complex conditions by being adaptable and resilient. OVB has demonstrated this multiple times in recent years.” The CEO is also optimistic about the future of the company: “Enormous opportunities have opened up for OVB in recent years, chiefly thanks to its strategic position, which must be harnessed.”

Shareholders approve dividend of €0.90

A large majority of shareholders approved the proposal made by the Executive Board and Supervisory Board to pay out a dividend of €0.90 per share for the past financial year. A majority of shareholders approved the remuneration report, which was presented for the first time. Shareholders also approved the actions of the Executive Board and the Supervisory Board, appointed the auditor and the group auditor for the 2022 financial year and approved the remuneration system for the members of the Executive Board and the Supervisory Board, which came into effect on 1 January 2022. Overall, the votes cast represented 97.01% of the share capital.

For 2022 as a whole, the Group continues to expect brokerage income of between €315 million and €330 million. Operating income is expected to increase to between €22 million and €25 million.

The detailed voting results can be viewed at www.ovb.eu/english/.

The OVB Holding AG Chief Executive Officer’s full speech at the Annual General Meeting can also be found at www.ovb.eu/english/.

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. 5,613 full-time financial advisors support 4.18 million clients. In 2021, OVB Holding AG and its subsidiaries generated brokerage income of €320.7 million and EBIT of €21.8 million.

OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.