More than 5,000 investors attend first Osram Annual General Meeting

Wolfgang Dehen: Challenges 2013 very well managed

More than 5,000 shareholders made their way to Munich’s Olympiahalle on Thursday to attend the first Annual General Meeting (AGM) of OSRAM Licht AG. In total, more than 50 percent of voting capital was represented at this year’s AGM, underlining the shareholders’ strong interest in their company. The lighting maker’s management used the opportunity to look back at fiscal year 2013, a year that was characterized by the stock exchange listing, the ongoing reorganization of the company as well as achieving a successful fiscal year in a challenging environment. “With an enormous effort, we managed this three-fold challenge very well in my opinion,” Wolfgang Dehen, Chief Executive Officer of OSRAM Licht AG, told shareholders at the meeting.

The shares of OSRAM Licht AG were listed on the stock exchange on July 8, 2013, for €24 each. The share price has about doubled since then. The stock was also included in the MDAX index at the end of September. “Our successful stock exchange listing makes us more flexible and therefore also more effective when it comes to tapping the future opportunities of the lighting market,” said Dehen. The shareholder structure is still very broad, with about 15 percent of the share capital being owned by roughly 600,000 retail investors.

Participants at the Annual General Meeting also gained a deeper insight of Osram’s comprehensive product portfolio in the Olympiahalle. That particularly includes semiconductor-based products and solutions, such as the latest generation of laser-based headlamps in the pioneering BMW i8 that was developed with Osram. Dehen said that the lighting maker’s products and solutions are reaching far beyond the boundaries of conventional lighting. “They set new standards and are paving the way for completely new applications,” explained Dehen.