Adidas : Proposal on the Appropriation of Retained Earnings
March 14, 2024
Share
Proposal on the
appropriation of retained earnings
Agenda Item 2
Resolution on the Appropriation of Retained Earnings
Payment of a dividend in the amount of EUR 0.70 per no-par-value share on the dividend-entitled nominal capital, i.e. EUR 124,984,358.80 as total dividend and carrying forward the remaining amount of EUR 285,993,495.38 to new account. Pursuant to § 58 section 4 sentence 2 German Stock Corporation Act (Aktiengesetz - AktG), the entitlement to payment of the dividend shall become due on May 22, 2024.
Total dividend
Carried forward to new account
Retained earnings
EUR 124,984,358.80
EUR 285,993,495.38
EUR 410,977,854.18
The proposal on the appropriation of retained earnings takes into account that the 1,450,916 treasury shares held by the Company at the time of preparing the annual financial statements are not entitled to dividend payment in accordance with § 71b AktG. If the number of treasury shares decreases or increases until the Annual General Meeting, the Executive Board and the Supervisory Board will present to the Annual General Meeting a correspondingly adjusted resolution proposal on the appropriation of retained earnings which will include an unchanged dividend of EUR 0.70 per no-par-value share on the dividend-entitled nominal capital and correspondingly adjusted figures of the total dividend and the income carried forward.
Herzogenaurach, April 2024
adidas AG
The Executive Board
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14 March 2024 and is solely responsible for the information contained therein. Distributed by
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adidas AG is one of the world leaders in the design, manufacturing and marketing of sports equipment and articles. The group's products are sold primarily under the following brands: adidas, TaylorMade and Reebok. Net sales (before intragroup eliminations) break down by family of products as follows:
- shoes (56.7%);
- clothing (36.4%);
- sports equipment (6.9%): golf equipment (golf clubs, balls, gloves, metal clubs, etc.; No. 1 worldwide; TaylorMade and Maxfli), bags, balls, etc.
At the end of 2023, the products are marketed through a network of more than 2,000 stores worldwide.
Net sales are distributed geographically as follows: Europe-Middle East and Africa (39.4%), North America (24.4%), China (15%), Latin America (10.7%) and Asia/Pacific (10.5%).