Covestro AG (MEX:1COV)

MXN 756.54 0 (0%) Market Cap: 234.15 Bil Enterprise Value: 293.16 Bil PE Ratio: 0 PB Ratio: 1.63 GF Score: 70/100

Covestro AG Annual Shareholders Meeting Transcript

Apr 19, 2023 / 08:00AM GMT

Release Date Price: MXN756.54

Transcript

Richard Pott

Covestro AG - Independent Chairman of Supervisory Board

(presentation)

(technical difficulty)

[Interpreted] And I'm pleased that Covestro made it through this difficult time. A lot of people talk about a polycrisis. The Board of Management will go into more detail as to how these challenges can be countered. And at this point, I would like to turn to the topics of the Annual General Meeting.

As a result of progress in digitalization and their positive experience with virtual AGM during the coronavirus pandemic, the legislator adapted the Stock Corporation Law in July 2022 to allow virtual AGMs to continue. And against this background, the Board of Management and the Supervisory Board decided together to conduct this year's AGM as a virtual meeting. We're not talking about the virtual format that we are familiar with from the last 3 years during the coronavirus pandemic. We're talking here about a new and improved format with far-reaching shareholders' rights.

Unlike past years, you, our shareholders, will have the possibility today to enter into a

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