Siemens 2012 Annual Report Download - page 96

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Annual Shareholders’ Meeting
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The world of
Siemens’ Annual Report
Key figures / Segment information
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With your interests in mind, we’re proposing that OSRAM be publicly listed via a spinoff. We’re
convinced that OSRAM Licht AG will be an attractive company for investors since, as an independent
entity, it will operate even more successfully than before.
The share buyback program that we finalized at the beginning of
November 2012 was also in your
interest. In the course of the buyback, we repurchased Company shares with a total value of
€.
billion. We financed the program primarily through bonds, and the interest rates we paid were
the
lowest to date on the European capital market – yet further proof of the great trust that our
Company enjoys within the business community and beyond.
The unchanged dividend proposal of €. that the Managing Board and the Supervisory Board will
make to the  Annual Shareholders’ Meeting is also a sign of trust and continuity. We want you
to profit from the positive developments at our Company – and we want you to continue placing your
trust in us. Because Siemens is and will remain a strong company – for our customers worldwide,
for our employees, for our partners in the business and scientific communities, for our stakeholders
in society and particularly for you, our shareholders.
I’m looking forward to the challenges of the year ahead and to our continuing dialogue.
Peter Löscher
President and CEO of Siemens AG