DGAP-Adhoc: SKW Stahl-Metallurgie Holding AG: Request for amendment of the agenda for the annual general meeting - positive continuance prognosis expired
SKW Stahl-Metallurgie Holding AG: Request for amendment of the agenda for
the annual general meeting - positive continuance prognosis expired
12-Sep-2017 / 13:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Request for amendment of the agenda for the annual general meeting -
positive continuance prognosis expired *
Munich (Germany), September 11, 2017
MCGM GmbH, Munich, represented by Dr. Olaf Marx, and at the same time acting
in proxy of further shareholders, has submitted a request based on sec. 122
para. 2 Stock Corporation Act ("AktG"), for amendment of the agenda for the
annual general meeting of SKW Stahl-Metallurgie Holding AG, which had been
convened for October 10, 2017. The request for the amendment of the agenda
comprises the dismissal of Dr. Peter Ramsauer, Volker Stegmann and Titus
Weinheimer as members of the supervisory board, the special election of one
member of the supervisory board, the reduction of the number of seats on the
supervisory board to four, the amendment of the articles of association to
get rid of the requirement of a statutory quorum of 2/3 for the dismissal of
members of the supervisory board, miscellaneous motions to appoint special
auditors and a vote on the withdrawal of confidence vis-à-vis the sole
member of the management board. Furthermore, the petitioners request a vote
on the increase of the registered share capital of SKW Stahl-Metallurgie
Holding AG against contribution in cash with subscription rights for the
shareholders in the amount of up to EUR 13,089,860 up until EUR 19,634,790
by issuance of 13,089,860 new shares in the amount of no less than EUR 1.00
Shares which have not been subscribed to shall be offered to MCGM [Metal
Funds 1]. The CEO has examined the request for the amendment of the agenda
for the annual general meeting and will publish it along with a statement of
Together, the petitioners hold more than 10% of the registered share capital
of the Company. Based on the content of the request for the amendment of the
agenda, the CEO is going to work on the assumption that the petitioners will
vote against the proposals of the management, for a capital reduction and a
capital increase against contribution in kind (Debt-to-Equity-Swap).
As during the last five years, the average presence of shareholders at the
annual general meeting amounted to approximately 35% of the registered share
capital, and only 37.4% of the shareholders had registered themselves to
participate at the now cancelled annual general meeting on August 31, 2017,
the CEO has come to the conclusion that it is not predominantly likely that
the agenda items of the management regarding the capital reduction and the
capital increase against contribution in kind (debt-to-equity-swap) will
reach the necessary majority of ¾ of the votes. Thereby, the positive
continuance prognosis of SKW Stahl-Metallurgie Holding AG has expired and
the insolvency reason of overindebtedness is applicable to the Company.
During the 3-week period of sec. 15a German Insolvency Statue ("InsO") the
CEO will strive to sustainably eliminate the insolvency reason of
overindebtedness to avoid having to file for insolvency.
Telefon: +49 171 86 86 482
12-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Company: SKW Stahl-Metallurgie Holding AG
Phone: +49 (0)89 5998923-0
Fax: +49 (0)89 5998923-29
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
608867 12-Sep-2017 CET/CEST
(END) Dow Jones Newswires
September 12, 2017 07:33 ET ( 11:33 GMT)
Im Artikel erwähnt...
|Porträt - Chart - Kennzahlen - Firmenprofil|
Meistgelesenweitere oft gelesene Nachrichten
Corning, Bechtle, Geely Automotive etc.
Das neue Anlegermagazin gibt wieder
spannende Einblicke in vielversprechende Unternehmen verschiedenster Branchen. Hier kostenfrei lesen!
Teilen Sie diese Seite auf Facebook, Google+ oder Twitter