LINOS AG: Decision of OLG Celle in the Squeeze Out fast track proceeding
In order to accelerate the implementation of the general shareholders' meeting's Squeeze Out resolution LINOS AG filed an action allowing the Squeeze Out to be registered. This action was decided in favour of LINOS AG by decision of the regional court in Hanover dated 16 March 2009 (Ref: 26 O 111/08). Against this decision an appeal procedure was initiated to the higher regional court in Celle. With decision dated 2 July 2009, a copy of which LINOS AG received on 9 July 2009, the higher regional court in Celle rejected the appeals (Ref: 9 W 43/09).
LINOS AG will apply for registration of the Squeeze Out with the commercial register in due course.
About LINOS AG
LINOS AG is a manufacturer of sophisticated optical systems that operates all over the world. In line with the corporate principle "Photonics for Innovation", LINOS is a development partner and supplier for customers in such growth markets as lasers, optical metrology, medicine, biotechnology and semiconductors. The company is listed in the General Standard index at Frankfurt Stock Exchange and joined the Qioptiq Group, which is an international leader in the design and production of high-precision optical components and modules for military and commercial applications, in June 2007. LINOS has about 700 highly qualified staff, most of them at the locations in Göttingen, Munich and Regen, and generated revenue of EUR 89 million in 2008. www.linos.de.