A Gleiss Lutz team has advised the Supervisory Board of Volkswagen AG on this year's Extraordinary General Meeting on 16 December 2022.
At the meeting, the shareholders of Volkswagen AG followed the proposal of the Board of Management and the Supervisory Board and approved a special distribution of EUR 19.06 per ordinary and preferred share entitled to dividend with a majority of 99.9974%. Please see Volkswagen AG's press release of 16 December 2022 for further details (available at: https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-shareholders-approve-special-dividend-from-porsche-ipo-15383).
Gleiss Lutz regularly advises the Supervisory Board of Volkswagen AG. In addition to advising on Annual General Meetings in the past, the firm has previously been instructed by the automotive group's Supervisory Board, for example in connection with the extensive investigation into the diesel issue, the negotiation of settlement agreements with former Board of Management members and D&O insurers, the formation of a broad alliance with Ford Motor Company, and the IPOs of TRATON SE and Dr. Ing. h.c. F. Porsche AG.
The following Gleiss Lutz team advised the Supervisory Board of Volkswagen AG in connection with the Extraordinary General Meeting: Prof. Dr. Michael Arnold (lead), Dr. Vera Rothenburg, Dr. Adrian Bingel, Dr. Dirk Wasmann, Prof. Dr. Christian Arnold (all partners), Dr. Matthias Gärtner (counsel), Dr. Jan-David Geiger, Dr. Nikolai Unmuth, Daniel Bernhardt.