Ralos New Energies AG
Large-scale approval of the course of business at General Meeting
BGI EcoTech AG / AGM/EGM 01.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BGI EcoTech AG: Large-scale approval of the course of business at General Meeting - Relocation of Company headquarters approved - PwC chosen as new auditor - Activities of Board of Directors and Supervisory Board approved with almost 100% Kassel/Griesheim, 1 October 2009: BGI EcoTech AG, which operates in the area of regenerative energies, particularly photovoltaics, held its General Meeting in Kassel on 29 September 2009. Around 46% of the equity capital was represented, corresponding to EUR 3.95 million of EUR 8.58 million. At the meeting, shareholders of BGI EcoTech AG approved most of the Board of Directors and Supervisory Board proposals with a large majority. The shareholders present approved the activities of the Board of Directors and Supervisory Board with almost 100%. As part of the voting, the proposal to move the Company's headquarters from Kassel to Griesheim near Darmstadt was also approved. In addition, amendments to the Articles of Association were approved as a result of the Act Implementing the Shareholder Rights Directive (Gesetz zur Umsetzung der Aktionärsrechterichtlinie - ARUG). For the selection of the auditor, a counter motion was proposed by new major shareholder ING, which was also approved with a 99.98% of the votes. The selection of international auditing company PriceWaterhouseCoopers (PwC) as auditor takes into consideration the international nature and size of BGI EcoTech AG. The General Meeting was characterised by a positive overall mood. One reason for this was surely the successful refinancing of BGI EcoTech AG by ING announced a few days ago. The satisfaction of the around 60 shareholders present was also increased by the results of the previous financial year presented by the Board of Directors. On a pro-forma basis (IFRS), the Group generated sales of almost EUR 130 million and EBIT of almost EUR 9 million in the past financial year. The Board of Directors Voting results and other documents on the General Meeting can be viewed at http://bgi.ralos.de/en/investor-relations/general-meeting/. About BGI EcoTech AG: BGI EcoTech AG is a company specialising in the renewable energies growth market, with a particular focus on photovoltaic systems. BGI EcoTech AG, which was founded in 1990, operates as a holding company. With subsidiaries and distribution companies in Germany, Austria, Spain, Italy, Canada, Czech Republic and Dubai, BGI is represented in the most important and potentially fastest growing markets worldwide. The company's largest holding is Ralos Group, one of Europe's leading premium system solutions providers in the photovoltaic field. The company develops, plans, constructs and operates innovative photovoltaic plants, the capacity of which ranges from private solar power systems to powerful large-scale power plants of all sizes. Contact: Company contact: BGI EcoTech AG Kuhbergstraße 28 34131 Kassel Tel.: +49 (0) 561 93 87 70 Fax: +49 (0) 561 31 24 51 info@bgi-ecotech.de www.bgi-ecotech.de Investor relations contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 60486 Frankfurt am Main Tel.: +49 (0) 69 74 30 37 00 Fax: +49 (0) 69 74 30 37 22 bgi-ecotech@gfei.de www.gfei.de 01.10.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------
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