DGAP-News: Progress-Werk Oberkirch AG / Key word(s): AGM/EGM 
Progress-Werk Oberkirch AG: PWO's Virtual Annual General Meeting approves all agenda items with large majorities 
2021-05-19 / 18:43 
The issuer is solely responsible for the content of this announcement. 
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Oberkirch, May 19, 2021 - PWO AG held its 2021 Annual General Meeting virtually, which was the second time the Annual 
General Meeting was held in this format as a precaution due to the pandemic. Around 65 percent of the share capital was 
represented. 
In his speech, CEO Carlo Lazzarini reported to the shareholders on the Group's successful management in the 2020 fiscal 
year, which was dominated by the corona pandemic, and the encouraging first quarter of 2021. As communicated on April 
23, 2021, the good start into the new year made it possible to significantly increase the forecast for business 
development in the current year. 
At the center of his comments was a summary of PWO's updated Equity Story, which highlights the Group's strategy and 
positioning. Under the slogan "People, Planet, Progress" we use our technological leadership at the boundaries of what 
is technologically feasible in metal forming and joining technology to serve our customers and business partners. 
Responsibility is at the heart of everything we do. We see our business as a "Force for Good, as our contribution to a 
positive development in the future for the benefit of our customers, employees and shareholders as well as our 
environment. 
We make steel light. Steel is 100 percent recyclable and has a significantly better CO[2 ]footprint in production than 
carbon fiber-reinforced plastics, for example. An ever-growing number of customers are replacing plastic solutions with 
steel solutions from PWO, not only because they are more sustainable but also because of their greater functionality 
and safety, in many cases without adding weight. Additionally, we have also set ourselves distinct environmental goals 
at our locations with clearly defined milestones. The Oberkirch location, for example, is anticipated to be CO[2] 
-neutral by 2026, and the entire Group by 2030. The further digitalization of all processes will make a decisive 
contribution to achieving these as well as our other goals. 
In his comments, Carlo Lazzarini explains: "We have a strong position in the three future mobility trend areas - 
electrification, safety and comfort. PWO will therefore benefit from the transformation taking place in the mobility 
industry and, moreover, has the potential to penetrate new markets. 
The questions submitted by shareholders in advance of the Annual General Meeting related particularly to the 
consequences of the corona pandemic and PWO's sustainability strategy, as well as to the dividend policy and 
remuneration system. 
The entire Annual General Meeting was broadcast live on the Internet for registered shareholders and guests. The agenda 
included the presentation of the financial statements for the 2020 fiscal year and the resolutions on the discharge of 
the management and the election of the auditor. In accordance with the Act Implementing the Second Shareholders' 
Directive, the adoption of resolutions on the approval of the remuneration system for Executive Board and on the 
remuneration of the Supervisory Board members was also required. As a result of the reported loss in the 2020 fiscal 
year, there was no adoption of a resolution on the appropriation of profits. 
All resolution proposals were adopted by the Annual General Meeting. Details of the voting results have been made 
available on PWO's website at https://www.progress-werk.de/en/investors-press/annual-general-meeting/. 
Progress-Werk Oberkirch AG 
The Executive Board 
Company Profile PWO 
PWO is a partner to the global mobility industry for the development and production of advanced metal components and 
subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of 
metals over the course of its more than 100-year history since it was founded in 1919. With our expertise in 
lightweight construction, we contribute to environmentally friendly driving and greater distances. 
All of the Group's more than 1,000 products contribute to electrification and safety as well as comfort. More than 90 
percent of revenue is independent of combustion engines. Approximately 3,000 employees on three continents at five 
production sites and three assembly plants ensure the highest level of delivery reliability and quality. 
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2021-05-19 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Progress-Werk Oberkirch AG 
              Industriestraße 8 
              77704 Oberkirch 
              Germany 
Phone:        +49 (0)7802 84-844 
Fax:          +49 (0)7802 84-789 
E-mail:       ir@progress-werk.de 
Internet:     www.progress-werk.de 
ISIN:         DE0006968001 
WKN:          696800 
Listed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Munich, Tradegate Exchange 
EQS News ID:  1198551 
 
End of News   DGAP News Service 
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1198551 2021-05-19


 
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(END) Dow Jones Newswires

May 19, 2021 12:44 ET (16:44 GMT)