EQS-Adhoc

Annual General Meeting 2021: Shareholders support the Board of Directors' strategic expansion plan - Seite 2

In order to provide the Company with flexibility in financing its strategic expansion plan, the Board of Directors has proposed an increase of the authorized and conditional capital. The shareholders approved the increase of the authorized capital with 88.2%, as well as the increase of the conditional capital by 10% of the existing share capital for convertible bonds with 71.9% of the votes in favor. 

Only the increase of the conditional capital for employee stock options by 5% of the existing share capital did not reach the required quorum of two-thirds of the votes with 60.9%. The Board of Directors regrets this result. For the coming growth phase and the successful implementation of its strategic goals, Meyer Burger has signed up top people and needs additional highly trained and dedicated employees, which is why a performance-based employee program has been developed. 

Chairman Franz Richter commented: "The Board of Directors will also seek discussions with shareholders and the proxy advisors for a possible solution."

Video interview with the Chairman and CEO
Recently, Meyer Burger introduced its new high-performance solar modules. With them, Meyer Burger is setting new industry standards. Three different, patent-protected product variants were presented at the premiere, all of which are manufactured in the company's own production facilities in Germany using the proprietary heterojunction/SmartWire technology developed in Switzerland. Research and manufacturing under the same Meyer Burger umbrella help to ensure technology leadership in the long term.

Chairman of the Board of Directors Franz Richter and CEO Gunter Erfurt provide information about the next development steps in a video interview. All voting results and the video are available at: www.meyerburger.com/en/annual-general-meeting
 

Contact:

Meyer Burger Technology AG     
Anne Schneider
Head Corporate Communications
M. [phone]
[e-mail]

Dynamics Group AG
Andreas Durisch 
Senior Partner    
T. [phone] 
M. [phone]