DGAP-News: Balda AG: Elector chooses Berlin as venue for extraordinary General Meeting – Escape from shareholders?


DGAP-News: Balda AG / Key word(s): AGM/EGM

Balda AG: Elector chooses Berlin as venue for extraordinary General

Meeting – Escape from shareholders?

11.06.2013 / 22:25


– Supervisory Board Chairman Dr. M. Naschke: Location of meeting was

obviously chosen to keep shareholder attendance down

Bad Oeynhausen, 11 June 2013 – The shareholder Elector GmbH has convened an

extraordinary General Meeting of Balda AG. According to Elector, this

meeting will take place on Thursday, 18 July 2013 at 10 a.m. in Berlin at

the conference center in the Ludwig Erhard Haus at Fasanenstraße 85. The

purpose of the General Meeting is to appoint three new members nominated by

the shareholder to Balda’s three-member Supervisory Board.

In a decision dated 5 June 2013, the Bad Oeynhausen Local Court had granted

the application submitted by Elector GmbH to be permitted to convene an

extraordinary General Meeting. Balda AG had responded by stating that in

view of the Annual General Meeting to be held this fall, it would appeal

the Court’s decision and submit an application to suspend the decision’s


Dr. Michael Naschke, Chairman of the Supervisory Board of Balda AG: ‘We

believe that the decision of Elector GmbH to convene the extraordinary

General Meeting in Berlin is anything but shareholder friendly. It makes it

much more difficult especially for the numerous private shareholders from

the region of Eastern Westphalia to attend the meeting. As of today,

Elector has not yet explained which strategic goals it pursues with its

investment in Balda. This makes it likely that Berlin has been chosen as

the venue of the extraordinary General Meeting to keep the attendance rate

of all other shareholders – who after all represent more than 70 percent of

the share capital – as low as possible in order to initiate a fundamental

change in Balda’s strategic orientation. Both the Management Board and the

Supervisory Board therefore believe that it is important that as many

shareholders as possible attend the General Meeting and use their right to

vote – regardless of the outcome of the appeal proceedings.’


Frank Elsner / Frank Paschen

Frank Elsner Kommunikation für Unternehmen GmbH

Tel.: +49 – 54 04 – 91 92 0

Fax: +49 – 54 04 – 91 92 29

Mail: office@elsner-kommunikation.de

About Balda

Balda is a provider of first-class solutions for demanding, high-quality

applications in the fields of medical technology, optics, the automotive

industry and other specialist industrial sectors. The Group’s Balda Medical

and Balda Technical operating divisions have operations worldwide, and the

company maintains production facilities in Germany and the USA. The success

of Balda, which employs around 1,000 people, is based on the deployment of

leading-edge, cost-effective technologies, coupled with the trust-based

collaboration with customers. The Balda AG share (ISIN: DE0005215107) is

listed on the SDAX segment of Deutsche Börse.



End of Corporate News


11.06.2013 Dissemination of a Corporate News, transmitted by DGAP – a

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Language: English

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

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,

München, Stuttgart

End of News DGAP News-Service


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