Meyer Burger Technology Ltd – Ordinary General Meeting of Shareholders 2016 approves all proposals by the Board of Directors
The ordinary General Meeting of Shareholders of Meyer Burger Technology Ltd (SIX Swiss Exchange MBTN) held on 3 May 2016 approved all proposals by the Board of Directors with clear majorities. In total, 23,961,855 registered shares were represented, corresponding to approximately 26% of the share capital registered in the commercial register. 307 shareholders personally attended the General Meeting. These shareholders and third parties represented 3,664,100 voting rights. The independent proxy represented 20,297,755 registered shares.
The General Meeting approved the proposals by the Board of Directors as follows:
1.1) The General Meeting of Shareholders approved the management report, the annual financial statements and the consolidated financial statements 2015.
1.2) The General Meeting of Shareholders approved the remuneration report 2015 in a consultative vote.
2) The General Meeting of Shareholders followed the proposal by the Board of Directors to carry forward the balance sheet loss of TCHF 168,530.
3) The members of the Board of Directors and of the Management were granted release („Entlastung“) for the business year 2015.
4.1) The present members of the Board of Directors Peter M. Wagner, Dr Alexander Vogel, Wanda Eriksen-Grundbacher, Peter Pauli, Dr Franz Richter, Heinz Roth and Prof Dr Konrad Wegener were re-elected. Peter M. Wagner was elected again as Chairman of the Board of Directors. The members of the Board of Directors are elected for a term of one year until the end of the next ordinary Shareholders‘ Meeting.
4.2) Dr Alexander Vogel, Wanda Eriksen-Grundbacher and Dr Franz Richter were elected as members of the Nomination & Compensation Committee for a term of one year until the end of the next ordinary Shareholders‘ Meeting.
5) PricewaterhouseCoopers AG, Bern, was re-elected as auditors for another period of one year.
6) Mr lic. iur. André Weber was re-elected as the independent proxy holder of the Company for a term of one year until the end of the next ordinary Shareholders‘ Meeting.
7.1) The General Meeting of Shareholders approved the total maximum amount of remuneration for the Board of Directors of TCHF 980 for the business year 2017.
7.2) The General Meeting of Shareholders approved the total maximum amount of remuneration for the Management (Executive Board) of TCHF 3,800 for the business year 2017.
8) The General Meeting of Shareholders voted in favour of maintaining/creating authorised capital in the maximum amount of CHF 240,000 (4,800,000 fully paid-in registered shares), as proposed by the Board of Directors. Issuance of such authorised capital will be possible until 3 May 2018. Article 3a of the Articles of Association was amended accordingly.
For further information:
Werner Buchholz
Head of Corporate Communications
Phone +41 (0)33 221 25 06
werner.buchholz@meyerburger.com
Ingrid Carstensen
Corporate Communications
Phone: +41 (0)33 221 28 34
ingrid.carstensen@meyerburger.com
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is a leading global technology company specialising on innovative systems and processes based on semiconductor technologies. The company’s focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The company currently employs over 1,500 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.
Meyer Burger’s offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.
The company’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, Malaysia, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The company is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).
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.
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