DGAP-News: Pyrolyx AG: AGM: Management Board Reports on Successful Projects and Gives Positive Outlook - Shareholders' Unanimous Approval for All Items on the Agenda
(firmenpresse) - DGAP-News: Pyrolyx AG / Key word(s): AGM/EGM
Pyrolyx AG: AGM: Management Board Reports on Successful Projects and
Gives Positive Outlook - Shareholders' Unanimous Approval for All
Items on the Agenda
28.06.2013 / 07:59
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Corporate News
Pyrolyx AGM: Management Board Reports on Successful Projects and Gives
Positive Outlook - Shareholders' Unanimous Approval for All Items on the
Agenda
Munich, June 28, 2013
The Annual General Meeting of Pyrolyx AG held at Munich Stock Exchange on
June 26, 2013 with attendance of 70.73pc approved the activities of the
Management Board and the Supervisory Board and unanimously passed all the
resolutions on the agenda.
First of all, Michael Hommert, the CFO of Pyrolyx, presented the financial
statements for 2012. Subsequently, CEO Niels Raeder reported on the
successes and progress of the 2012 fiscal year and gave a bullish outlook
for 2013 and 2014. In particular, he spoke about the ongoing,
for-ward-looking projects with the tire industry resulting in the first
tires being made from Pyrolyx Carbon Black. In his speech he also talked
about the already highly acclaimed projects with the automotive industry.
In the following vote, the shareholders expressed their confidence in the
Management Board and the Supervisory Board. They also agreed to new
authorized capital, conditional capitals (e.g. for the issue of a
convertible bond and a share option scheme) and other formal amendments.
The Management Board thanked the shareholders for their trust and held out
the prospect of the first industrial pilot plant being converted to
commercial operation during the course of 2013 and 2014. Given the
negotiations now underway, it declared that the company expected to
generate initial revenue in 2014.
Pyrolyx
Pyrolyx AG is a Munich-based company specializing in practical and applied
research into environmental technology.
The company has developed a unique process that enables valuable raw
materials such as carbon black to be made from commercial rubber granules
produced from for instance end-of-life tires. Carbon black is used to
manufacture tires and various industrial rubber items. The Pyrolyx process
enables a sustainable closed recycling loop for the first time for the
reuse of end-of-life tires.
Pyrolyx owns all the intellectual property rights to Pyrolyx environmental
technology and has various patents pending concerning the industrial
production of carbon black. Pyrolyx AG is quoted on the Primary Market of
Düsseldorf Stock Exchange (WKN A0MFXR/ISIN DE000A0MFXR8).
Management Board
Niels Raeder - Fikret Dülger - Michael Hommert
Press officer:
Rolf-Hendrik Arens
VP Communications
Pyrolyx AG - Munich
Email: arens(at)pyrolyx.com
Mobile: +49 (0)151 7010 1070
Office: +49 (0)89 856 3350
www.pyrolyx.com
End of Corporate News
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Language: English
Company: Pyrolyx AG
Nymphenburger Str. 70
80335 München
Germany
Phone: +49 (0)89 856 335 58
Fax: +49 (0)89 856 335 55
E-mail: info(at)pyrolyx.de
Internet: www.pyrolyx.de
ISIN: DE000A0MFXR8
WKN: A0MFXR
Listed: Freiverkehr in Düsseldorf
End of News DGAP News-Service
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