Bluehill ID AG
Bluehill ID AG: Management Board of Primion Technology AG asked to call for an Extraordinary General Meeting
Bluehill ID AG / 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. ---------------------------------------------------------------------- Management Board of Primion Technology AG asked to call for an Extraordinary General Meeting - Special audit is to investigate actions taken by Primion Board relating to the sale of shares held by Management Board member Mr. Heinz Roth St. Gallen, 6 October 2008 – Bluehill ID AG, (Symbol BUQ.F/BUQ.DE; www.bluehill-id.com) has as a shareholder of the Prime Standard listed company Primion Technology AG made use of its right to ask the Management Board to call an Extraordinary General Meeting (EGM) according to section 122 paragraph 1 Stock Corporation Act (AktG). If the Management Board of Primion Technology AG fails to comply with this request, Bluehill ID will be forced to seek appropriate legal action very swiftly to mandate an EGM. The subject of the EGM, put forward by Bluehill ID AG, is to be a motion to pass a resolution on the implementation of a special audit. The special audit is to investigate several topics including the sale of a stake in Primion formerly held by Board Member Mr. Heinz Roth to the Spanish company Azkoyen S.A.. Additional items covered in the scope of the private investigation request relate to a number of potential conflict of interest areas and potential lack of transparency. Ayman S. Ashour, CEO of Bluehill ID AG: 'We believe that a shareholder meeting is critical at this stage. A special investigation will help ensure that all shareholders are comfortable with transparency of various fundamental transactions.' With regard to the dispute between Bluehill ID AG and Mr. Heinz Roth personally Ashour added: 'This is being addressed in the St. Gallen courts and we do not wish to burden the company or the other shareholders with such a pure shareholder issue, but we only seek transparency in terms of appropriate notifications and want to ensure that there is clear separation between shareholder and management issues by all concerned parties.' The full letter to the Management Board of Primion Technology AG, including the request to call for an EGM, will be shortly 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 06.10.2008 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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