The ordinary General Meeting of Shareholders of Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN), held in Berne on 29 April 2010, approved all proposals by the Board of Directors. In total, 13,404,764 registered shares were represented, corresponding to approx. 29.7% of the share capital. 355 shareholders personally attended at the General Meeting and represented 1,775,878 registered shares. 11,628,886 registered shares were represented either by the Company proxy, the independent proxy or by third parties.
The General Meeting of Shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements 2009 and followed the proposal by the Board of Directors to carry forward the balance of retained earnings in the amount of CHF 34.29 million.
The members of the Board of Directors and of the Executive Board of the Company were granted discharge (Décharge).
PricewaterhouseCoopers Ltd, Thun, was re-elected as auditors for another year.
The General Meeting of Shareholders also approved the following proposals by the Board of Directors:
Maintain and create, respectively, newly authorised share capital of up to CHF 225,000, authorisation to increase the capital until 29 April 2012Increase of the conditional share capital for the exercise of conversion and/or option rights which shall be granted in connection with convertible or option bonds of the company, by CHF 50,000 for up to CHF 200,000Editorial changes to Article 5 of the Articles of Association in conjunction with the entry into force of the Federal Law on Intermediated Securities
With the acceptance of these proposals, the current capital structure of Meyer Burger Technology Ltd as registered in the commercial register / reflected in the Articles of Association is as follows:
Ordinary share capital
CHF 2,257,956.-
45,159,120 fully paid-in registered shares with nominal value of CHF 0.05 each
Conditional capital
CHF 202,512.50
4,050,250 registered shares with nominal value of CHF 0.05 each
for exercising of option rights granted to employees and members of the Board of Directors of the Company or of group companies
CHF 200,000
4,000,000 registered shares with nominal value of CHF 0.05 each for convertible bonds, bonds with option rights or similar financial market instruments
Authorised capital
CHF 225,000
4,500,000 registered shares with nominal value of CHF 0.05 each Issuance possible until 29 April 2012
For further information, please contact:
Werner Buchholz
Head of Corporate Communications
Tel +41 (0) 33 439 05 06
w.buchholz@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.ch
Meyer Burger is a leading and globally active technology group for innovative systems and processes for cutting and handling crystalline and other high-grade materials.
The machines, competences and technologies of the different companies within the group are used in the solar industry (photovoltaics), semiconductor and optical industry. The thinnest wafers made from silicon, sapphire or other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs. The group’s core competences are made up of a whole range of production processes, machines and systems that are used within the value chain in the manufacture of high quality wafers. Since the merger in January 2010 with 3S Industries Ltd, the worldwide leader in turnkey production lines and single equipment for the manufacturing of solar modules, the group also covers the entire value chain for solar module production and combines the key technologies of soldering, laminating and testing under one roof. Solar module manufacturers worldwide use the string soldering machines of Somont, the laminating lines of 3S Swiss Solar Systems and the testing technologies of Pasan, to produce solar modules whose performance, operating life and quality meet the highest demands. The group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, process know-how, servicing, after-sales service, training and other services. As a globally active company, the group is represented in Europe, Asia and North America in the respective key markets.
Meyer Burger has its headquarters and the production facility of Meyer Burger Ltd in Switzerland, while the group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH have their headquarters and production facilities in Germany. Diamond Materials Tech, Inc. has its headquarters in Colorado Springs, CO, USA. The production facilities of 3S Swiss Solar Systems and Pasan are also located in Switzerland, while Somont is located in Germany. Meyer Burger Group has also subsidiaries and own service centres in Germany, Norway, Spain, USA, China, Japan, Singapore, South Korea and Taiwan. In other important markets, the company relies on selected independent agents. 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.
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