Bluehill ID AG
Bluehill ID AG applies for authorization to call an Extraordinary General Meeting of Primion Technology AG
Bluehill ID AG / Legal Matter/AGM/EGM 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. ---------------------------------------------------------------------- Bluehill ID AG applies for authorization to call an Extraordinary General Meeting of Primion Technology AG - Bluehill ID rejects Primion’s proposal for very limited investigation leaving out critical governance issues St. Gallen, 17 October 2008 – Bluehill ID AG (Symbol BUQ.F/BUQ.DE, www.bluehill-id.com), today applied for authorization at the district court in Ulm to call an Extraordinary General Meeting (EGM) of Primion Technology AG according to section 122, paragraph 3, page 1 of the Stock Corporation Act (AktG). Bluehill ID was forced to seek legal action after Primion’s Management Board rejected its request of 25 September 2008 to call for an EGM. Primion suggested as a compromise a more limited investigation which Bluehill ID has rejected as it omits several items that Bluehill ID considers essential to be investigated in the course of a special audit. Bluehill ID, as the second largest shareholder of Primion Technology AG with over 20%, has made use of its right to ask the Management Board to call for an EGM to pass a motion on a request for a special audit. Ayman S. Ashour, CEO of Bluehill ID AG: 'We regret that the Management Board has not granted our request for more transparency to all shareholders by calling in a special auditor. A general meeting would also be a good opportunity for the Management Board to clarify the various points that we raised affecting not just Bluehill but all other Primion shareholders.' The complete correspondence on the request to call for an EGM between Bluehill ID AG and the Management Board of Primion Technology AG is available at www.bluehill-id.com. About Bluehill ID AG Bluehill ID AG is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Fabian Kirchmann IR.on AG Phone: +49 172 24 699 54 eMail: fabian.kirchmann@ir-on.com 17.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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