DHL 1999 Annual Report Download - page 131

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Other Notes
142
In November 1999, Deutsche Post AG issued a takeover
bid amounting to US $33 per share for American logis-
tics provider Air Express International (AEI). The com-
pany, domiciled in Darien, Connecticut, benefits from a
network of 705 branch offices in 135 countries and,
besides being the oldest and largest air freight provider in
the United States, is the worldwide leader in logistics,
multi-modal transport, warehousing, distribution,
customs clearance and IT-supported logistics services.By
the offer’s expiry date of February 9,2000, more than 90%
of the then shareholders had accepted. Immediately
following the expiry date,all remaining shareholders were
compensated with the above-mentioned price per share.
In total,Deutsche Post AG has acquired 34 million shares
and 9 million options at a total price ofUS $1,144 million.
(43) Emoluments of members of the Board of
Management and the Supervisory Board
The emoluments of members of the Board of Manage-
ment in the 1999 financial year amounted to EUR 3.9
million (1998:EUR 3.7 million).Those of former board
members amounted to EUR 0.4 million (1998: EUR
0.3 million). Provisions for pensions obligations to
former board members and their surviving dependents
amounted to EUR 6.7 million (1998: EUR 4.9 million)
on December 31,1999.
The sum total of emoluments of members of the Super-
visory Board amounted to EUR 0.4 million (1998:EUR
0.3 million) for the 1999 financial year.