The ordinary General Meeting of Shareholders of Meyer Burger Technology Ltd (SIX Swiss Exchange MBTN) held on 2 May 2018 approved all proposals by the Board of Directors with exception of the remuneration report. In total, 161,782,478 registered shares were represented, corresponding to approximately 25.97% of the share capital registered in the commercial register. 271 shareholders personally attended the General Meeting. These shareholders and third parties represented 57,254,342 voting rights. The independent proxy represented 104,528,136 registered shares.
The General Meeting of Shareholders approved the management report, the annual financial statements and the consolidated financial statements 2017. The remuneration report 2017 was narrowly declined in a consultative vote (49.69% yes, 49.08% no votes, 1.23% abstentions). In this regard, Meyer Burger remains in close contact with major shareholders and proxy advisors.
The General Meeting of Shareholders followed the proposal by the Board of Directors to carry forward the balance sheet loss and granted the members of the Board of Directors and of the Management release („Entlastung“) for the business year 2017.
The present members of the Board of Directors Dr Alexander Vogel (including election as Chairman of the Board of Directors), Wanda Eriksen-Grundbacher, Dr Franz Richter, Michael Splinter and Hans-Michael Hauser were re-elected with large majorities. Eric Meurice was elected as new member of the Board of Directors also with a large majority. Dr Franz Richter, Wanda Eriksen-Grundbacher and Eric Meurice were elected as members of the Nomination & Compensation Committee.
PricewaterhouseCoopers AG, Bern, was re-elected as auditors and Mr lic. iur. André Weber was re-elected as the independent proxy for another year.
The General Meeting of Shareholders approved the total maximum amounts of remuneration for the Board of Directors and for the Management (Executive Board) for the business year 2019.
In addition, the General Meeting of Shareholders voted in favour of the agenda item regarding authorised capital. The Board of Directors is authorised, at any time until 2 May 2020, to increase the share capital by a maximum aggregate amount of CHF 4,650,000 through the issuance of a maximum of 93,000,000 fully paid-in registered shares with a nominal value of CHF 0.05 each. Article 3a of the Articles of Association was amended accordingly.
The General Meeting of Shareholders approved the management report, the annual financial statements and the consolidated financial statements 2017. The remuneration report 2017 was narrowly declined in a consultative vote (49.69% yes, 49.08% no votes, 1.23% abstentions). In this regard, Meyer Burger remains in close contact with major shareholders and proxy advisors.
The General Meeting of Shareholders followed the proposal by the Board of Directors to carry forward the balance sheet loss and granted the members of the Board of Directors and of the Management release („Entlastung“) for the business year 2017.
The present members of the Board of Directors Dr Alexander Vogel (including election as Chairman of the Board of Directors), Wanda Eriksen-Grundbacher, Dr Franz Richter, Michael Splinter and Hans-Michael Hauser were re-elected with large majorities. Eric Meurice was elected as new member of the Board of Directors also with a large majority. Dr Franz Richter, Wanda Eriksen-Grundbacher and Eric Meurice were elected as members of the Nomination & Compensation Committee.
PricewaterhouseCoopers AG, Bern, was re-elected as auditors and Mr lic. iur. André Weber was re-elected as the independent proxy for another year.
The General Meeting of Shareholders approved the total maximum amounts of remuneration for the Board of Directors and for the Management (Executive Board) for the business year 2019.
In addition, the General Meeting of Shareholders voted in favour of the agenda item regarding authorised capital. The Board of Directors is authorised, at any time until 2 May 2020, to increase the share capital by a maximum aggregate amount of CHF 4,650,000 through the issuance of a maximum of 93,000,000 fully paid-in registered shares with a nominal value of CHF 0.05 each. Article 3a of the Articles of Association was amended accordingly.
