Meyer Burger Technology Ltd – Ordinary General Meeting of Shareholders 2017

 

Thun, 27 April 2017

Press Release

 

 

Meyer Burger Technology Ltd – Ordinary General Meeting of Shareholders 2017

 

 

The ordinary General Meeting of Shareholders of Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) held on 27 April 2017 approved the proposals by the Board of Directors. In total, 127,932,277 registered shares were represented, corresponding to approximately 23.34% of the share capital registered in the commercial register. 359 shareholders personally attended the General Meeting. These shareholders and third parties represented 43,708,890 voting rights. The independent proxy represented 84,223,387 registered shares.

 

The General Meeting of Shareholders approved the management report, the annual financial statements and the consolidated financial statements 2016. It also approved the remuneration report 2016 in a consultative vote. Furthermore, the General Meeting of Shareholders followed the proposal by the Board of Directors to carry forward the balance sheet loss and granted the members of the Board of Directors and of the Management release („Entlastung“) for the business year 2016.

 

The members of the Board of Directors, Dr Alexander Vogel, Heinz Roth, Wanda Eriksen-Grundbacher, Dr Franz Richter and Prof Dr Konrad Wegener were re-elected. Messrs Hans-Michael Hauser and Michael Splinter were elected as new members of the Board of Directors. Dr Alexander Vogel was elected as Chairman of the Board of Directors. Wanda Eriksen-Grundbacher, Dr Franz Richter and Michael Splinter were elected as members of the Nomination & Compensation Committee.

 

PricewaterhouseCoopers AG, Bern, was re-elected as auditors and Mr lic. iur. André Weber was re-elected as the independent proxy holder for another year.

 

The General Meeting of Shareholders approved the total maximum amounts of remuneration for the Board of Directors and for the Management (Executive Board) for the business year 2018.

 

In addition, the General Meeting of Shareholders voted in favour of the modification (reduction) of the conditional capital for conversion and/or option rights which are granted in connection with convertible bonds, option bonds or other financial market instruments to a maximum amount of CHF 5,102,040.85 (maximum 102,040,817 registered shares to be fully paid-in, with a nominal value of CHF 0.05 each); as proposed by the Board of Directors. Article 3c of the Articles of Association was amended accordingly.

 

A shareholder motion to hold an extraordinary general meeting by latest 31 October 2017 to deselect board members and elect new board members was rejected by the Shareholders’ Meeting.

 

 

 

Contact:

 

Ingrid Carstensen

Corporate Communications

Phone +41 (0) 33 221 28 34

ingrid.carstensen@meyerburger.com

 

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

 

This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.