Shareholders at I.P.S. Innovative Packaging Solutions AG approve all motions at AGM

IPS Innovative Packaging Solutions AG   / Key word(s): AGM/EGM

24.05.2012 18:00

Release of an ad hoc announcement pursuant to Art. 53 KR
---------------------------------------------------------------------------

Press release 

Shareholders at I.P.S. Innovative Packaging Solutions AG approve all
motions at AGM

Baar, 24 May 2012 - The annual general meeting of I.P.S. Innovative
Packaging Solutions AG was held in Cham today. Attending the AGM were 25
shareholders, representing 65.82 per cent of the voting share capital. The
shareholders approved, with clear majorities, all the motions proposed by
the Board of Directors.

These included approval of the 2011 annual report and 2011 annual and
consolidated financial statements of I.P.S. Innovative Packaging Solutions
AG.

Furthermore, the AGM elected John McKernan (52) and Nicolas Mathys (44) for
two-year terms of office on the Board of Directors of I.P.S. Innovative
Packaging Solutions AG. John McKernan (52) is an acknowledged expert in the
packaging industry. McKernan is currently President and CEO of Peninsula
Packaging, a leading provider of thermoformed packaging to foodstuff
companies in North America. He spent a number of years heading a variety of
leading listed and private companies in the North American packaging
industry. Nicolas Mathys (44) graduated as a Chemical Engineer from the
Swiss Federal Institute of Technology Zurich (ETHZ) and, following a number
of years in the pharmaceutical sector, he gained an MBA at the SDA Bocconi
School of Management, Milan. With his investment and entrepreneurship
experience, Mathys became a partner in Zug Finance AG in 2006. Mr. Mathys
has reported a 5.03% shareholding in I.P.S. Innovative Packaging Solutions
AG.

Board Chairman Dr. Alexander Vogel and current directors Benno Zehnder and
Quint Kelders were re-elected to the board for further two-year terms of
office. The services of auditors BDO AG, Zurich were also confirmed for a
further year.

The AGM approved an increase to the company's authorised capital or
creation of new capital up to an amount of CHF 8 million by issuing up to
1,600,000 fully paid-up bearer shares with a nominal value of CHF 5 each.
Also approved was an increase in the company's conditional capital to a
maximum of CHF 4.5 million through the issue of up to 900,000 new fully
paid-up bearer shares with a nominal value of CHF 5 each. This would be
used for issuing option rights to the employees, as well as to the members
of the Board of Directors of the company and of the group companies in
accordance with a plan to be determined by the Board.

2012 schedule:

28.09.2012 Half-year Report 2012

For more information:        
I.P.S. Innovative Packaging Solutions AG 
Frans van der Vorst, CFO       

Zugerstrasse 76b       
6340 Baar, Switzerland       
Tel.: +41 (0)41 766 35 00      
E-mail: frans.vandervorst@ips-grp.com
www.ips-grp.com

Media relations:
Siro Barino, Barino Consulting
Tel.: +41 (0)79 335 24 24

I.P.S. Innovative Packaging Solutions AG is a leading provider of
mechanical and pressure-controlled dispenser packaging technologies and
systems for manufacturers and suppliers of cosmetic, personal care,
pharmaceutical and food products. Compared with the currently used
packaging technology, the environmental balance is significantly improved
thanks to the patented, innovative Air0Pack(TM) technology which uses
natural air instead of aerosol as a propellant and PET instead of aluminium
(www.airopack.com). Within the framework of a joint venture (Airolux AG)
with Resilux NV (www.resilux.com), the company has its own production in
Bilten with an annual capacity of approximately 40 million units. With the
delivery of its first products, IPS reached an important milestone in 2012
with respect to commercial market entry. The company has been listed on the
SIX Swiss Exchange since 2010.


24.05.2012 News transmitted by EquityStory AG. 
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital 
market and press releases.
The EquityStory Group distributes authentic and real-time financial news 
for over 1'300 listed companies. 
The Swiss news archive can be found at www.equitystory.ch/news

---------------------------------------------------------------------------
 
Language:               English
Company:                IPS Innovative Packaging Solutions AG 
                        Zugerstrasse 76b  
                        6340 Baar
                        Switzerland
Phone:                  +41 417663500
Fax:                    +41 417663509
E-mail:                 info@ips-grp.com  
Internet:               www.ips-grp.com  
ISIN:                   CH0002013826
Swiss Security Number:  872693
Listed:                 Freiverkehr in Berlin, Düsseldorf, Hamburg,
                        Hannover, München, Stuttgart; Open Market in
                        Frankfurt; SIX
 
End of Announcement                             EquityStory News-Service
 
---------------------------------------------------------------------------