Thun, 27 April 2017
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.
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