IP Strategy AG
IP Strategy AG: REPOSITIONING OF IP STRATEGY AG AND CHANGE OF COMPANY’S NAME INTO OTI GREENTECH AG
IP Strategy AG / Key word(s): Mergers & Acquisitions REPOSITIONING OF IP STRATEGY AG AND CHANGE OF COMPANY’S NAME INTO OTI GREENTECH AG Bremen, 18/12/2014 The general assembly unanimously approved the repositioning of IP Strategy AG (the “Company“) at yesterday’s extraordinary general meeting. The general assembly approved the increase of the Company’s share capital in the amount of up to OTI Greentech Group AG is a leading international cleantech engineering group. The existing members of the supervisory board and the managing director have resigned with effect from today’s date. The newly appointed supervisory board elected Mr. Alexander Lattmann (Lawyer) as chairman of the supervisory board and Mr. Joseph Armstrong as new managing director of the Company. Furthermore, the management is authorized by the general assembly to issue convertible bonds and/or bonds with warrants attached in the amount of up to 4,000,000.00 EUR after the completion of the aforementioned capital increase. Contact: About OTI Greentech Group AG OTI Greentech is an internationally leading cleantech engineering group based in Switzerland. The company provides environmentally friendly solutions and a patented technology for cleaning, recovery and disposal of oil in a wide variety of applications. This includes the cleaning of tanks, ships and industrial machinery, oil recovery and waste recycling from industrial waste streams, soil remediation and the processing and extraction of oil from conventional and unconventional deposits. OTI Greentech’s multiple award winning and patented ECOSOLUT(TM) products have been used by various international shipping, oil service and waste management companies. ECOSOLUT(TM) products are high-performance “green” chemicals, which reduce cleaning cycles and meet more advanced health, safety and environmental standards than traditional chemicals used in the industry. Contact: 18.12.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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