Balda AG / Key word(s): Change of Personnel/AGM/EGM
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Balda AG: New Supervisory Board taking office
– Dino Kitzinger new Chairman of Supervisory Board
– Mark Littlefield Vice Chairman and Thomas J. Leonard new full member of
Bad Oeynhausen/Bielefeld, 3 July 2009 – In Bielefeld the annual general
meeting of Balda AG, listed in the Prime Standard Segment of the German
Stock Exchange, has elected three new members to the Supervisory Board of
the company with clear majority. In the future, the Board will consist of
Dino Kitzinger, Munich, Mark Littlefield, San Jose, California/USA, and
Thomas J. Leonard, Holland, Michigan/USA. Kitzinger is an independent
management consultant. Littlefield is Managing Partner at the solar and
semiconductor manufacturer BluePoints Controls, Inc. Leonard is President
of Optera, Inc., a touch coatings company. In the constitutive meeting
following the annual general meeting the Supervisory Board elected Dino
Kitzinger as its Chairman and Mark Littlefield as Vice Chairman.
Rainer Mohr will succeed as Chief Financial Officer (CFO) and sole member
of the Board of Directors following Dr. Dirk Eichelberger, who resigned as
CEO and sole member of the Board of Directors with effect as of the end of
the annual general meeting.
With respect to item 5 on the agenda ‘Election of the Auditor for the
Financial Year 2009′ the annual general meeting followed the proposal by a
shareholder to appoint Deloitte & Touche GmbH
Wirtschaftsprüfungsgesellschaft as auditor for the financial year 2009.
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Company profile Balda AG
The Balda Group develops and produces highly integrated devices comprising
plastic and electronic components, primarily for the telecommunications
sector. In addition, the company manufactures high-tech equipment such as
headphones and hands-free sets.
The future is derived from past experience. Balda has developed an active
culture of continuous transformation through the traditions established
within the hundred years of its existence. Since its founding, innovation
and technology have been the significant driving forces of progress and the
guarantors of corporate success. Today, Balda is an internationally
positioned high-tech company with innovative products and a high
Balda AG, which is registered in the Prime Standard on the German Stock
Exchange, services international brand-name clients in the mobile
telecommunications sector, medical technology and other similar markets.
The Group produces close to its customers’ locations in the expanding
growth markets. With three production facilities, the Group has a strong
position in China and Malaysia. Within the framework of a shareholding in a
leading producer of touch screens in China, Balda is participating in the
dynamic development in the touch-sensitive display sector.
The vision was and is clear: Balda will strengthen its technological
innovations potential and further expand in the promising growth regions of
Asia. Balda will thus achieve the conditions for profitable growth and a
sustainable increase in added value.
* * *
If you have any questions please contact: Balda AG, Clas Röhl, Phone: +49
5734 922 2728, Fax: +49 5734 922 2604. Email: email@example.com, Internet:
* * *
This ad hoc announcement includes ‘forward-looking statements’ which are
based on the current expectations of the management of Balda. They are
subject to risks and uncertainty because they relate to events and depend
on circumstances that will occur in the future, such as, for example,
developments in the mobile communications industry, changes in technology
and the ability to timely and successfully develop new products and various
other factors. Balda does not undertake any obligation to update publicly
or revise forward-looking statements except to the extent legally required.
This ad hoc announcement is not an offer of securities for sale or a
solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’)) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities
Balda AG, Clas Röhl, Phone: +49 5734 922 2728, Fax: +49 5734 922 2604.
Email: firstname.lastname@example.org, Internet: www.balda.de
03.07.2009 DGAP’s Distribution Services include Regulatory Announcements,
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Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Phone: +49 (0) 57 34 / 9 22-0
Fax: +49 (0) 57 34 / 9 22-2604
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service