- The Shareholders‘ Meeting approved the Board of Directors’ proposal for an ordinary capital increase in the amount of CHF 22,842,590.00 through the issuance of 456,851,800 new registered shares with a nominal value of CHF 0.05 each. After completion of the capital increase, the ordinary share capital of the company will amount to CHF 27,411,108.00. This agenda item was approved by 98.3% of the votes represented.
- Furthermore, the Shareholders‘ Meeting approved the increase of conditional capital for the exercise of conversion and/or option rights, in order to have enough conditional capital available to cover the conversion rights under the CHF 100 million convertible bond (due in 2020) with respect to the reduced conversion price of the convertible bond. The conditional capital for conversion and/or option rights was increased from previously CHF 440,000.00 to CHF 13,673,555.40 (through the issuance of a maximum of 273’471’108 registered shares, which shall be fully paid-in, with a nominal value of CHF 0.05 each). Article 3c of the Articles of Association was changed accordingly. This agenda item was approved by 98.0% of the votes represented.
- The Shareholders‘ Meeting also approved the increase of authorised capital from previously CHF 240,000.00 to CHF 5,482,221.60 (through the issuance of a maximum of 109,644,432 registered shares, which shall be fully paid-in, with a nominal value of CHF 0.05 each). The issuance of share capital out of the authorised capital is possible until 2 December 2018. Article 3a of the Articles of Association was changed accordingly. This agenda item was approved by 91.0% of the votes represented.
The Board of Directors and the Management of Meyer Burger thank the shareholders for their approvals and the support.
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