EMTS Technologie AG
EMTS Technologie AG english
EMTS Technologie AG
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Salzburg, February 5, 2003
At today’s extraordinary general meeting of EMTS Technologie AG, the agenda
began with the item ‘Miscellaneous’.
CEO Christian Rosner reported that from today’s perspective the most likely
assumption was that the company has lost 50% of its capital stock. This
assumption is based on the termination or non-renewal of Nokia contracts,
calling for a revaluation of the respective holdings of the companies affected
in the various countries as well as EMTS Group receivables from the companies
concerned.
Subsequently, item 1 on the agenda was discussed, concerning the authorization
of the board of management to raise the company’s capital stock from EUR
5,812,542 to a maximum of EUR 8,718,813 by means of a capital increase. In
addition, the possible total or partial exclusion of the current stockholders
from subscription rights was debated. Rosner explained the urgency of the
capital increase in order to ensure the company’s continued existence.
78.99% of those present who were entitled to vote (a total of 1,871,691 votes
were present, corresponding to roughly 32.2% of the company’s capital stock)
were in favor of the motion. Several stockholders raised objections, which were
recorded in the minutes.
The motion concerning the redemption authorization of the company’s own shares
to a maximum extent of 10% of the company’s capital stock was passed with a
majority of 77.88% of all votes. Rosner explained that the redemption was not
intended to impair the company’s liquidity but that it was necessary to give
the management board maximum flexibility in future discussions with strategic
partners.
Under item 3 of the agenda (moving the company headquarters) no motions were
proposed by the board of management or by the stockholders. Rosner explained
that the relocation of the company premises did not have top priority at
present.
Investor Relations: E-mail: investor.relations@emtscenter.com
Tel.: +43-662-623 391-0
Corporate Spokesperson: Karin Keglevich
E-mail: keglevich@spa.co.at
Tel.: +43-1-532 25 45-10
Title: EMTS Technologie AG, Salzburg
ISIN Nr.: AT0000926266
end of message, (c)DGAP 05.02.2003
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WKN: 616516; ISIN: AT0000926266; Index: SWX New Market
Listed: Swiss Exchange; Freiverkehr in Berlin, Frankfurt und München
051836 Feb 03
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