Annual General Meeting 2024 of Meyer Burger Approves All Motions

At the Annual General Meeting of Meyer Burger Technology AG held at the Culture and Convention Center in Thun, 9,812,697,834 registered shares were represented, constituting approximately 41.33 percent of the share capital in the Commercial Register. The shareholders approved all motions proposed by the Board of Directors, including the management report, annual financial statements, and the report on non-financial matters. Additionally, the compensation report was approved.

The meeting also sanctioned the appropriation of the balance sheet result and granted discharge to both the Board of Directors and the Management Board for the 2023 fiscal year. All current Board members, namely Franz Richter, Andreas Herzog, and Mark Kerekes, were re-elected. Franz Richter was re-elected as Chairman and member of the Nomination and Compensation Committee, alongside Andreas Herzog. Auditors and the independent proxy were also re-elected.

The shareholders approved a 750:1 reverse stock split. This adjustment, which increases the par value of each share from CHF 0.01 to CHF 7.50, aims to enhance the shares' attractiveness to a broader group of investors. This strategic change is expected to appeal to institutional and professional investors.