Expert Corporate Governance Service (ECGS)
EUR 492.40 For Business Accounts Only

Etude de l'AG du 20/04/2017

Item 5: KPMG, Berlin, is proposed as auditor for the current financial year. KPMG has audited the Company since the financial year 2011. Ratio of non-audit/audit fees was 71.40% during the year under review and 64.70% over a three-year aggregate period which exceeds our guidelines. We therefore recommend opposing the proposal.

Item 6: The Company shall be authorised until 19 April 2022 to increase the share capital by up to EUR 77m (~15% of the share capital) by issuing shares against contributions in cash. The total shares issued while disapplying preemptive rights under the proposed authorisation may reach up to 15% of the share capital which exceeds our guidelines according to which we accept a maximum potential dilution of 10%. We recommend opposition.

GEA Group AG

GEA Group focuses on the development and production of process technology and components for production methods. Co. segments include: GEA Food Solutions, which manufactures machinery for preparing, marinating, processing, cutting, and packaging meat, poultry, and other foods; GEA Farm Technologies, which manufacturers product solutions for milk production and livestock farming; GEA Mechanical Equipment, which concentrates in separators, decanters, valves, pumps, and homogenizers; GEA Process Engineering, which designs and develops of process solutions for the pharmaceutical, and chemical industries; and GEA Refrigeration Technologies, which concentrates in refrigeration technology.


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