MCC Global N.V.
MCC Global N.V.: EGM Result and Trading Statement
MCC Global N.V. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MCC Global NV Keizersgracht 62-64 1015 CS Amsterdam Securities Identification Number: (WKN) A0LFAF General Standard (Geregelter Markt), Frankfurt Stock Exchange EGM Result and Trading Statement MCC Global NV ('MCC' or the 'Company') (FRANKFURT: IFQ2), the global private equity investment and advisory company, today announced the results of the Extraordinary General Meeting of the shareholders held by the Company in Amsterdam on 8 February 2008. At the meeting, the shareholders approved the 2006 annual accounts of the Company and other Company business, including:- Ratification of the appointment of Ethan Weyand as the Chief Financial Officer of the Company; - The appointment of Gary Wyatt and Gunther von der Schulenburg as additional members of the Company’s Supervisory Board; - Conditional upon compliance with certain statutory procedures, a reduction in the nominal value of the Company’s ordinary shares from €0.03 to €0.01; - The discharge / release from liability of statutory directors and supervisory directors; - Authorisation of the Management Board, with approval of the Supervisory Board, to compensate members of the Management and Supervisory Board, which compensation may include cash and securities of the Company; and - Authorisation of the Management Board, with approval of the Supervisory Board, to issue preference shares with such rights, preferences, and privileges as the Management Board may determine in its reasonable discretion.Tony Moore, Chairman of the MCC Global Supervisory Board, made the following comments: 'The 2006 annual accounts reflect the significant write downs the new management had to take on a closer review of the assets in the IFEX (now renamed MCC Global) portfolio and on the accounting goodwill associated with prior acquisitions. The good news for the IFEX shareholders is that IFEX has acquired, in Moore Clayton, a real business with cash flow, tangible assets and high profile relationships. 'We now see significant opportunities by having a German presence – a platform for building a business in Eastern Europe, rolling out our advisory services to Mittelstand companies, and listing MCC clients on the German stock exchanges. We are very happy with our Geregeltermarkt listing and believe it will provide increasing benefits to our shareholders over time. 'The integrated solution provided by MCC in its three distinct but closely interlinked business legs – advisory, corporate finance, and fund management, remains a successful formula for turning MCC into a high growth and profitable company. We remain excited about the future, and intend to put MCC on the financial map, delivering attractive returns to our shareholders. 'We also hope that investors will soon come to recognize the substantial contribution that some of the exceptional deals that we have announced over the past several months can make to the business both in commercial and revenue terms. For example, in the advisory area we have announced an exclusive partnership with the Bahraini Centre of Excellence that we believe will generate substantial returns to our shareholders over time. In corporate finance, we announced the completion of a $200M financing transaction in the fourth quarter 2007 which brought a substantial cash fee to the Company. In fund management, MCC has continued to develop its fund management platform through Equus Total Return, Inc., a New York Stock Exchange-traded fund managed exclusively by MCC. MCC is hoping to broaden its fund management platform in the future. 'I would like to thank the management team and shareholders for their exceptional support through what has been a difficult period post the completion of the IFEX reverse.' Persons may download a copy of the 2006 annual accounts and view summary biographies of the new Supervisory Directors on the Company’s website at www.mccglobal.com. About MCC Global MCC Global NV is a global private equity investment and advisory company specializing in providing strategic and financial advisory and investment services to emerging companies in specific industry sectors such as healthcare, energy renewables, media, real estate, hospitality and lifestyles and fashion and beauty. MCC Global NV (www.mccglobal.com) is listed on the Frankfurt Stock Exchange Geregelter Markt, ticker IFQ2. This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon current expectations and assumptions of MCC Global N.V. (the 'Company') and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material. For further information contact: Dana M Smith Investor Relations Email: ir@mccglobal.com Toby Hall gth Media Relations + 41 22 747 7501 / +44 20 7153 8039 11.02.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: MCC Global N.V. Keizersgracht 62-64 1015 CS Amsterdam Niederlande Phone: +31 20 520 6826 Fax: +31 20 520 7510 E-mail: ir@mccglobal.com Internet: http://www.mccglobal.com ISIN: NL0000687705 WKN: A0LFAF Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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