Proxy Report - 01/03/2018
General: Aurubis AG is a leading worldwide provider of non-ferrous metals and the world's largest copper recycler. The Company processes complex metal concentrates, scrap metals and metal-bearing recycling materials into metals of the highest quality. Aurubis produces more than 1m tons of copper cathodes per year and has about 6,500 employees, production sites in Europe and the USA and an extensive service and sales system in Europe, Asia and North America.
The Company has issued 44,956,723 shares that amount to a share capital of EUR 115,089,210.88. All shareholders are treated equitably. According to a voting rights notification issued on 27 October 2017, Salzgitter AG reduced its shareholdings in Aurubis AG from 25.00% to 15.75% in the course of redeeming an exchangeable bond issued for shares in the Company.
In financial year 2016/2017, Group revenues increased by 16.52% to EUR 11.04bn, EBIT increased by 161.56% to EUR 462.5m and net income attributable to the shareholders of Aurubis AG increased by 187.96% to EUR 350.9m.
Items 6a, 6e and 6f: We recommend to oppose the (re-)election of Prof. Dr. Heinz Jörg Fuhrmann, Edna Schöne and Prof. Dr. Fritz Vahrenholt to the Supervisory Board due to our concerns over the insufficient independent representation on the Board and/or concerns over aggregate time commitments.
Norddeutsche Steingut is a Germany-based manufacturer and distributor of tiles, concentrating on wall and floor tiles for the residential and commercial sector. As of December 31, 2011, Co. was operational through its two wholly owned subsidiaries Nord Ceram Fliesenproduktions und -vertriebs GmbH & Co. KG, which mass produces standard- and large-size floor tiles under the Pro brand for its own sale and for partners of the parent company; as well as Bremer Wandplatten GmbH, which produces floor and wall tiles under the BW brand. Co.concentrates on business activities in Germany
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