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Feintool Annual General Meeting 2011: Shareholders approve all proposals - Board of Directors confirmed


January 25, 2011 - London

Feintool International Holding AG /Feintool Annual General Meeting 2011: Shareholders approve all proposals - Board of Directors confirmed Processed and transmitted by Thomson Reuters.The issuer is solely responsible for the content of this announcement.

At the Annual General Meeting of Feintool International Holding AG held on 25 January 2011, the shareholders approved all the Board of Directors' proposals. The meeting re-elected Dr. Kurt E. Stirnemann to the Board of Directors for a further term of office. At its post-AGM meeting, the Board also re-elected current Chair Alexander von Witzleben for an additional term.

 

At the Annual General Meeting of Feintool International Holding AG on 25 January 2011, the company's shareholders approved both the 2009/10 financial statements and the proposal of the Board of Directors to omit the dividend payment again. Furthermore, an amendment to the Articles of Incorporation, restricting the term of office of newly elected Board members to one year instead of three, was approved. The meeting also re-elected serving Board member Kurt E. Stirnemann for a further period of one year. KPMG AG, Zurich, was elected as auditor.

 

In the discussion that followed regarding the pre-announced takeover bid for Feintool by Artemis Beteiligungen III, major shareholders Michael Pieper and Fritz Bösch took questions from the shareholders. Once the definitive takeover bid has been presented, the Board of Directors of Feintool will publish - within the statutory period of 15 stock exchange trading days - its report to the shareholders.

 

 

All Board members confirmed in their positions
At its subsequent meeting, the Feintool International Holding AG Board of Directors confirmed its existing composition. Both Chair Alexander von Witzleben and Vice-Chair Monika Löffel-Bösch were re-elected. The composition of the Audit Committee - Dr. Kurt E. Stirnemann (Chair), Alexander von Witzleben, Wolfgang Feil and Dr. Michael Soormann - remains unchanged, while the Nomination and Compensation Committee continues to be made up of Monika Löffel-Bösch (Chair), Alexander von Witzleben and Wolfgang Feil. Franz Stampfli also remains a member of the Board.

 

 

Further information may be obtained from Karin Labhart, Media Spokesperson, at any time by calling +41 (0)32 387 51 63 or e-mailing karin.labhart@feintool.com.

 

Feintool International Holding AG
Industriering 8, CH-3250 Lyss
Phone +41 (0)32 387 51 11
Fax +41 (0)32 387 57 81
www.feintool.com

 

The press release can be downloaded from the following link:

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Feintool International Holding AG via Thomson Reuters ONE

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