Meyer Burger Technology Ltd – Ordinary General Meeting of Shareholders 2016 approves all proposals by the Board of Directors
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.
