Züblin AGM approves capital measures
The Annual General Meeting of Züblin Immobilien Holding AG approved all proposals of the Board of Directors. In particular, the shareholders approved the proposed restructuring measures in the form of a capital reduction with a simultaneous capital increase.
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It was decided to reduce the share capital to CHF 2.99 million by reducing the par value of all outstanding registered shares from one franc to five centimes per registered share and, in conjunction with this, to increase the share capital by CHF 71.67 million by issuing new registered shares.
Lamesa, the main shareholder of Züblin, still intends to fully guarantee the capital increase after the Swiss Takeover Board exempted the company from the obligation to make a public tender offer under a reorganization exemption.
In addition, all members of the Board of Directors who stood for re-election were re-elected for a one-year term of office. Dr. Iosif Bakaleynik was confirmed as Chairman of the Board of Directors. Bakaleynik, Dr. Wolfgang Zürcher and newly elected Dr. Markus Wesnitzer were elected as members of the Compensation Committee.
According to the company, 74 shareholders attended and 58.33 percent of the voting share capital was represented. (ah)
