DGAP-News: Georg Fischer AG shareholders approved all proposals
(firmenpresse) - Georg Fischer AG / AGM/EGM
24.03.2010 18:01
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Schaffhausen, 24 March 2010, 6:00 p.m.
Georg Fischer AG shareholders approved all proposals
At the 114th Annual General Meeting of Georg Fischer AG on 24 March 2010,
the shareholders voted in favour of all the proposals of the Board of
Directors. Andreas Koopmann was elected as a new member of the Board. The
AGM also re-elected Bruno Hug and Ulrich Graf and approved the amendment to
the Articles of Association to create authorised and conditional capital.
All told, 1,204 shareholders and 37.5 percent of the share capital were
represented at the Annual General Meeting. The AGM approved the annual
accounts for 2009 and endorsed the Board's proposal to forgo the
distribution of a dividend. In addition, the shareholders voted in favour
of amending the Articles of Association to create authorised and
conditional capital. This will give Georg Fischer greater financial
flexibility, enabling it to raise new capital or to issue a convertible
bond, if necessary.
Andreas Koopmann was elected as a new member of the Board. Koopmann, 58
years of age, has a degree in engineering from the ETH and a proven track
record in Swiss industry: from 1982 to 2009 he worked for Bobst Group SA in
Lausanne. He also sits on the Board of a number of corporations. Former
Federal Councillor Flavio Cotti, a member of the Board for ten years,
retired at the 2010 AGM, having reached the retirement age. The Board of
Directors and the Executive Committee of Georg Fischer thanked Flavio Cotti
for his deep commitment and outstanding contribution and wished him all the
best for the future.
In his address to the AGM, Martin Huber, Chairman of the Board, expressed
his confidence that Georg Fischer would master its future as an independent
company 'thanks to a clear strategy, an experienced international
management team and a corporate culture that has stood the test in
difficult times.'
__________________________________________________________________________
Corporate Profile Georg Fischer - 'Adding Quality to People's Lives'
Georg Fischer is focused on its three core businesses GF Piping Systems, GF
Automotive and GF AgieCharmilles. Founded in 1802, the company is
headquartered in Switzerland and has some 130 companies, 50 of them
production facilities, in 30 countries. Its 12,000 employees generated
sales revenue of 3 billion Swiss francs in 2009. The Corporation makes a
direct contribution to the quality of life. Comfort, mobility and precision
are the key market requirements that Georg Fischer satisfies with its
products and services. You'll find further information at
www.georgfischer.com.
You can register for our subscription service for journalists at
www.georgfischer.com/subscriptionservice. You will then automatically
receive our latest Media Releases or the regular Top Stories from Georg
Fischer by e-mail.
Georg Fischer AG, 8201 Schaffhausen/Switzerland
Phone +41 (0) 52 631 26 74, Fax +41 (0) 52 631 28 63
__________________________________________________________________________
Daniel Bösiger
Head Corporate Controlling / Investor Relations
Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16
daniel.boesiger(at)georgfischer.com
24.03.2010 18:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Georg Fischer AG
Amsler-Laffon-Straße 9
CH-8201 Schaffhausen
Schweiz
Phone: +41 - 52 631 2112
Fax: +41 - 52 631 2816
E-mail: daniel.boesiger(at)georgfischer.com
Internet: www.georgfischer.com
ISIN: CH0001752309
WKN: 851082
Indices: SPI
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) SIX
End of News DGAP News-Service
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Datum: 24.03.2010 - 18:01 Uhr
Sprache: Deutsch
News-ID 17999
Anzahl Zeichen: 0
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Kategorie:
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