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18.07.2013 12:50:21
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DGAP-News: Balda AG
DGAP-News: Balda: Today's extraordinary General Meeting unable to adopt resolutions
18.07.2013 / 12:50
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Three separate legal opinions confirm grave error made by convening shareholder Elector GmbH
Shareholders were unable to register properly for General Meeting Berlin, 18 July 2013 - Balda AG shareholders will be unable to adopt resolutions at the extraordinary General Meeting held today in Berlin. The reason for this is a grave and irremediable error made on the part of the meeting convener, shareholder Elector GmbH (Elector): Shareholders were unable to register properly for the General Meeting. Yet this is a precondition for participation and the exercising of voting rights.
In its invitation to the extraordinary General Meeting, Elector specified that the shareholders should register with Haubrok Corporate Events GmbH (Haubrok) - a service provider commissioned by Elector but not by Balda AG. This was inadmissible. This was the conclusion of expert opinions of three distinguished corporate law practitioners that are available to Supervisory Body Chairman and Meeting Chair Dr. Michael Naschke. According to the expert opinions, shareholders must in register with the Company. Registration at Haubrok is inadmissible, since the Company did not consent to Haubrok being given the commission.
Background information Following multiple irregularities in the General Meeting registration process and the absence of any information being provided to Balda AG about the number of registered shareholders at the end of the registration period, the Company sought legal advice on Elector's decision to appoint Haubrok as the registrar.
As Balda AG's own legal counsel expressed grave concerns about this decision, the Company promptly sought the opinion of three leading corporate law practitioners. Each independently came to the conclusion that Elector was guilty of a serious error in convening the meeting. As a result, the extraordinary General Meeting will be unable to adopt any resolutions.
Due to these facts, the appointed Meeting Chair, Supervisory Body Chairman Dr. Michael Naschke, was left with no alternative but to inform the General Meeting that he would permit no voting to take place on the proposed agenda items. He decided to permit a debate on these items, however. The sole item on today's agenda is the complete replacement of the Balda AG Supervisory Board with candidates from Elector.
Well before the General Meeting was convened, the Chairman of the Supervisory Body proposed that Elector GmbH and/or its sole managing shareholder Dr. Thomas van Aubel should consider the service provider PR im Turm HV-Service AG as the registrar, since the latter had handled many of the general meetings held by Balda AG. Elector rejected this advice and made a unilateral decision to specify Haubrok Corporate Events GmbH as the registrar when it convened the General Meeting.
Elector GmbH bears sole culpability for the error made in convening the General Meeting. Balda AG is therefore unable to reimburse Elector for the costs the latter incurred in convening and preparing the General Meeting.
Balda AG: Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH Tel.: +49 - 89 - 99 24 96 30 Mail: office@elsner-kommunikation.de
About Balda Balda is a provider of first-class solutions for demanding, high-quality applications in the fields of medical technology, optics, the automotive industry and other specialist industrial sectors. The Group's Balda Medical and Balda Technical operating divisions have operations worldwide, and the company maintains production facilities in Germany and the USA. The success of Balda, which employs around 1,000 people, is based on the deployment of leading-edge, cost-effective technologies, coupled with the trust-based collaboration with customers. The Balda AG share (ISIN: DE0005215107) is listed on the SDAX segment of Deutsche Börse. The Group's financial year ends on 30 June. www.balda.de www.balda-medical.de
Ende der Corporate News
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18.07.2013 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch die DGAP - ein Unternehmen der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen. Medienarchiv unter http://www.dgap-medientreff.de und http://www.dgap.de
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Sprache: Deutsch Unternehmen: Balda AG Bergkirchener Str. 228 32549 Bad Oeynhausen Deutschland Telefon: +49 (0) 57 34 / 9 22-0 Fax: +49 (0) 57 34 / 9 22-2604 E-Mail: info@Balda.de Internet: www.balda.de ISIN: DE0005215107 WKN: 521510 Börsen: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart Ende der Mitteilung DGAP News-Service --------------------------------------------------------------------- 221841 18.07.2013
DGAP-News: Balda AG / Schlagwort(e): Hauptversammlung Balda: Today's extraordinary General Meeting unable to adopt resolutions
18.07.2013 / 12:50
---------------------------------------------------------------------
Three separate legal opinions confirm grave error made by convening shareholder Elector GmbH
Shareholders were unable to register properly for General Meeting Berlin, 18 July 2013 - Balda AG shareholders will be unable to adopt resolutions at the extraordinary General Meeting held today in Berlin. The reason for this is a grave and irremediable error made on the part of the meeting convener, shareholder Elector GmbH (Elector): Shareholders were unable to register properly for the General Meeting. Yet this is a precondition for participation and the exercising of voting rights.
In its invitation to the extraordinary General Meeting, Elector specified that the shareholders should register with Haubrok Corporate Events GmbH (Haubrok) - a service provider commissioned by Elector but not by Balda AG. This was inadmissible. This was the conclusion of expert opinions of three distinguished corporate law practitioners that are available to Supervisory Body Chairman and Meeting Chair Dr. Michael Naschke. According to the expert opinions, shareholders must in register with the Company. Registration at Haubrok is inadmissible, since the Company did not consent to Haubrok being given the commission.
Background information Following multiple irregularities in the General Meeting registration process and the absence of any information being provided to Balda AG about the number of registered shareholders at the end of the registration period, the Company sought legal advice on Elector's decision to appoint Haubrok as the registrar.
As Balda AG's own legal counsel expressed grave concerns about this decision, the Company promptly sought the opinion of three leading corporate law practitioners. Each independently came to the conclusion that Elector was guilty of a serious error in convening the meeting. As a result, the extraordinary General Meeting will be unable to adopt any resolutions.
Due to these facts, the appointed Meeting Chair, Supervisory Body Chairman Dr. Michael Naschke, was left with no alternative but to inform the General Meeting that he would permit no voting to take place on the proposed agenda items. He decided to permit a debate on these items, however. The sole item on today's agenda is the complete replacement of the Balda AG Supervisory Board with candidates from Elector.
Well before the General Meeting was convened, the Chairman of the Supervisory Body proposed that Elector GmbH and/or its sole managing shareholder Dr. Thomas van Aubel should consider the service provider PR im Turm HV-Service AG as the registrar, since the latter had handled many of the general meetings held by Balda AG. Elector rejected this advice and made a unilateral decision to specify Haubrok Corporate Events GmbH as the registrar when it convened the General Meeting.
Elector GmbH bears sole culpability for the error made in convening the General Meeting. Balda AG is therefore unable to reimburse Elector for the costs the latter incurred in convening and preparing the General Meeting.
Balda AG: Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH Tel.: +49 - 89 - 99 24 96 30 Mail: office@elsner-kommunikation.de
About Balda Balda is a provider of first-class solutions for demanding, high-quality applications in the fields of medical technology, optics, the automotive industry and other specialist industrial sectors. The Group's Balda Medical and Balda Technical operating divisions have operations worldwide, and the company maintains production facilities in Germany and the USA. The success of Balda, which employs around 1,000 people, is based on the deployment of leading-edge, cost-effective technologies, coupled with the trust-based collaboration with customers. The Balda AG share (ISIN: DE0005215107) is listed on the SDAX segment of Deutsche Börse. The Group's financial year ends on 30 June. www.balda.de www.balda-medical.de
Ende der Corporate News
---------------------------------------------------------------------
18.07.2013 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch die DGAP - ein Unternehmen der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen. Medienarchiv unter http://www.dgap-medientreff.de und http://www.dgap.de
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Sprache: Deutsch Unternehmen: Balda AG Bergkirchener Str. 228 32549 Bad Oeynhausen Deutschland Telefon: +49 (0) 57 34 / 9 22-0 Fax: +49 (0) 57 34 / 9 22-2604 E-Mail: info@Balda.de Internet: www.balda.de ISIN: DE0005215107 WKN: 521510 Börsen: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart Ende der Mitteilung DGAP News-Service --------------------------------------------------------------------- 221841 18.07.2013
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