Corporate | 19 June 2012 18:29
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SINGULUS TECHNOLOGIES AG / Key word(s): AGM/EGM
Press Release Annual General Meeting of SINGULUS TECHNOLOGIES on June 19, 2012 – More than 200 shareholders participating – AGM approves authorized capital Kahl am Main, June 19, 2012 – More than 200 shareholders participated in today’s Annual General Meeting of the SINGULUS TECHNOLOGIES (SINGULUS) AG. With the required majority SINGULUS’ shareholders approved the capital measures recommended by the company. Under Item 5 of the agenda the creation of Authorized Capital was recommended, which authorizes the overall issuance of up to 24,465,157 new, bearer shares with a nominal value of EUR 1.00 against payment in cash or in kind. Amongst others, the proposed authorization is intended to maintain and broaden the equity base of the company. It was proposed since no corresponding authorization was currently in place. In addition, a new resolution to authorize the issuance of option bonds and/or convertible bonds as well as the creation of new Conditional Capital 2012/III was approved. The Executive and Supervisory Boards of the SINGULUS TECHNOLOGIES AG proposed the capital measures to have flexibility for potential acquisitions or for strengthening the equity base, if required, in the course of the further business development. More than 200 shareholders accepted the company’s invitation to the Annual General Meeting at the Hermann-Josef-Abs-Hall in Frankfurt. In his speech, Dr.-Ing. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES AG commented on the business developments in 2011 as well as in the 1 st quarter 2012 and pointed out the long-term favorable outlook. The company projects a long-term positive trend for the three business divisions. SINGULUS’ goal is to benefit from the increasing demand in the Blu-ray market and from the growth rates in the Solar segment in general as well as in the CIGS/CIS thin-film technology in particular. Dr.-Ing. Stefan Rinck comments: ‘With the two strong core work areas Optical Disc and Solar and the opportunities provided by the semi-conductor market as well as the potential inherent in new applications of vacuum coating, we are optimistic for the year 2012 even against the background of the Euro crisis and a weaker global economy.’
Profile SINGULUS:
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
Contact:
Contact: SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890 Contact: Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612, Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924 End of Corporate News 19.06.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | SINGULUS TECHNOLOGIES AG | |
| Hanauer Landstrasse 103 | ||
| 63796 Kahl am Main | ||
| Germany | ||
| Phone: | +49 (0)1709202924 | |
| Fax: | +49 (0)6188 440-110 | |
| E-mail: | bernhard.krause@go-metacom.de | |
| Internet: | www.singulus.de | |
| ISIN: | DE0007238909 | |
| WKN: | 723890 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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