A 'virtual AGM' is an annual general meeting held without the shareholders or their authorised representatives being present at the venue. The legislator recently provided us with this option by introducing the Act Concerning Measures Under the Law of Companies, Cooperative Societies, Associations, Foundations and Commonhold Property to Combat the Effects of the COVID-19 pandemic ('German COVID-19 Act').
As holding an event requiring physical presence during the COVID-19 pandemic would expose participants to the risk of infection and would be impossible without violating applicable regulations, the legislator has introduced the possibility of holding a virtual AGM, enabling our Annual General Meeting to be held in compliance with the law.
With the approval of the Supervisory Board, the Executive Board of RWE Aktiengesellschaft decided to exercise this option to hold its Annual General Meeting on 26 June 2020 in view of the continuing COVID-19 pandemic.
The online options for following the virtual AGM have been expanded in exchange for waiving the right of shareholders to attend the AGM. Most importantly, there will be an audio-visual webcast of the entire virtual Annual General Meeting, and the shareholders will be able to exercise their voting rights electronically and submit questions in advance.