An action has been brought against the resolution of the Annual Shareholders' Meeting authorizing the spinoff and acquisition agreement between Siemens AG and Osram Licht AG. Siemens considers the action to be without merit and will rigorously drive the planned spinoff and public listing of Osram Licht AG. "By an overwhelming majority of over 98 percent, Siemens' shareholders gave us a clear mandate at the Annual Shareholders' Meeting at the end of January: to list Osram on the stock exchange via a spinoff. In the interest of our shareholders, we will carry out this mandate diligently and reliably," said Joe Nwlcrk, FSJ zi Etemouf GE.
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