No dividend payments for Daimler Shareholders
Berlin, 14 April, 2010—Shareholders of Daimler AG will not receive divident payments for 2009 business year. This was announced at the Annual General Meeting of the company which opens here today. The decision, says Dr Dieter Zetsche, who is Chairman of the Board of Management of Daimler AG, was due to what he called, “unusual earnings situation.” He told the stunned shareholders that “the decission was not an easy one. “Before coming to our conclusion, we thoroughly and carefully weighed the pros and cons. Ultimately, the decision was clear,” stressed Dr Zetsche. He told the meeting that, according to German corporate and commercial law regulations, a dividend payment for 2009 would only have been possible “if we had covered both the incured losses and the funds for the dividend with Daimler AG’s retained income. […]