tecis Holding AG
Tecis Holding AG english
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Stock option plan for Management Board, stuff and sales partners approved by
shareholders – shareholders bidding company founder Udo Keller farewell
The founder of tecis Holding AG, Udo Keller (60), who has resigned from the
Supervisory Board as part of his long-term plans, received a strong vote of
thanks from the shareholders during the annual general meeting in recognition
of his services. The shareholders approved a motion to enlarge tecis Holding
AG’s Supervisory Board from three to six members. Replacement member attorney
Rolf W. Thiel will be filling the gap left by Udo Keller. The other new
additions alongside insurance and IT expert Holger Giza are Karin Martin,
managing director of GSA Verwaltungsgesellschaft, Hamburg, and Prof. Dr. Lothar
Rolke, professor of business administration and corporate communications at the
University of Mainz. Dr. Michael Heym, Hamburg, was elected replacement member.
The new Supervisory Board plans to hold its constituent meeting this evening.
43.58% of the Company’s voting capital was represented at the annual general
meeting.
At the same time, the shareholders approved a new stock option plan for members
of tecis Holding AG’s Management Board, staff and sales partners. Contrary to
the wording of the original motion, the Supervisory Board decided prior to the
meeting not to seek inclusion in the stock option plan this year in view of
continued legal uncertainty and to first await the outcome of pending
litigation by shareholder-rights experts concerning this issue. Even so, tecis
Holding AG considers stock options for Supervisory Board members to be a
sensible way of ensuring that shareholders’ interests are protected even more
effectively in the top echelons of corporate governance.
The stock option plans for 2001 and 2002 which have now been approved entail
250,000 options. The eligible persons are members of the Management Board
(57,000 options), staff (83,000 options) and sales partners (110,000 options).
The vesting conditions are that tecis stock must outperform the MDAX by more
than 10% in the case of the Management Board, while staff and sales partners
are required to achieve certain personal performance-tied targets. The
subscription price for the shares, which stem from the Company’s authorized
capital, is the average price of the stock over the 90 days prior to the date
of the annual general meeting, with the options to have a term of five years.
Leander Hollweg; Email: l_hollweg@tecis.
Tel.: 040/69 69 51-287; Fax: 040/69 69 51-288
Dr. Jürgen Gaulke; Email: GaulkeJ@aol.com
Tel.: 0177/679 30 60; Fax: 040/3603 036 592
end of ad hoc announcement (c) DGAP 31.05.2001
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WKN: 621160; Index: MDAX
Listed: Amtlicher Handel in Frankfurt, Hamburg, Freiverkehr in Berlin, Bremen,
Düsseldorf, München, Stuttgart
311807 Mai 01
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