Meyer Burger Technology Ltd – Ordinary General Meeting of Shareholders 2018

 

Press Release

Thun, 2 May 2018

 

 

Meyer Burger Technology Ltd – Ordinary General Meeting of Shareholders 2018

 

 

The ordinary General Meeting of Shareholders of Meyer Burger Technology Ltd (SIX Swiss Exchange MBTN) held on 2 May 2018 approved all proposals by the Board of Directors with exception of the remuneration report. In total, 161,782,478 registered shares were represented, corresponding to approximately 25.97% of the share capital registered in the commercial register. 271 shareholders personally attended the General Meeting. These shareholders and third parties represented 57,254,342 voting rights. The independent proxy represented 104,528,136 registered shares.

 

The General Meeting of Shareholders approved the management report, the annual financial statements and the consolidated financial statements 2017. The remuneration report 2017 was narrowly declined in a consultative vote (49.69% yes, 49.08% no votes, 1.23% abstentions). In this regard, Meyer Burger remains in close contact with major shareholders and proxy advisors.

 

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 2017.

 

The present members of the Board of Directors Dr Alexander Vogel (including election as Chairman of the Board of Directors), Wanda Eriksen-Grundbacher, Dr Franz Richter, Michael Splinter and Hans-Michael Hauser were re-elected with large majorities. Eric Meurice was elected as new member of the Board of Directors also with a large majority. Dr Franz Richter, Wanda Eriksen-Grundbacher and Eric Meurice 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 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 2019.

 

In addition, the General Meeting of Shareholders voted in favour of the agenda item regarding authorised capital. The Board of Directors is authorised, at any time until 2 May 2020, to increase the share capital by a maximum aggregate amount of CHF 4,650,000 through the issuance of a maximum of 93,000,000 fully paid-in registered shares with a nominal value of CHF 0.05 each. Article 3a of the Articles of Association was amended accordingly.

 

 

Contacts:

Ingrid Carstensen

Head of Corporate Communications

Phone +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com

 

 

Daniel Eicher

c/o Tolxdorff Eicher Häberling

Phone +41 (0)33 221 28 83

daniel.eicher@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.