Pankl Racing Systems AG: Results of the extraordinary general meeting

Pankl Racing Systems AG / Announcement of the Results of the General
Meeting

30.07.2010 12:14

Announcement of the Results of the General Meeting, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Pankl Racing Systems AG

Resolutions accordance to § 128 Abs. 2 AktG of the extraordinary General
Meeting on the 29th of July, 2010 at 10.00 am at the business premises of
the Company in A-8605 Kapfenberg, Industriestrasse West 4.

[The share capital amounts EUR 3,888,000.00 and is divided in 3,888,000
shares without nominal value.]

Agenda:

1. Passing of a resolution concerning the change of the balance sheet date
(31 December instead of 30 September, leading to a short fiscal year from 1
October 2010 to 31 December 2010) and change of the paragraph 28, (2) of
the articles.

Yes: 2.800.599   No: 0

Number of valid casted votes: 2.800.599
Part of the share capital through these votes: 72,03 %

2. Election of the Auditor and Group Auditor for the short fiscal year from
1 October 2010 to 31 December 2010.

Yes: 2.800.599   No: 0

Number of valid casted votes: 2.800.599
Part of the share capital through these votes: 72,03 %

3. Passing of a resolution concerning the new authorization of the Board of
Directors to acquire shares in the Company according to § 65 Abs. 1 Z 8
AktG as well as Abs. 1a and Abs. 1b.

a) The Management Board is authorised to buy back own shares amounting to
up to 10% of the shares outstanding after the cancellation of own shares
which were bought back in accordance with the AGM resolution dated 17
November 2008 and the respective share buyback programme. The reduced share
capital amounts to EUR 3,500,000. The new share buyback programme hence
allows the Company to buy up to 350,000 own shares at a price which shall
not deviate from the appropriate stock exchange price by more than 20%. The
appropriate stock exchange price shall be the closing prices for the shares
on the respective stock exchange on the last 5 trading days prior to the
share buyback transaction.

b) The Management Board is authorised to resell own shares at a price which
is not materially below the stock exchange price of the same class of
shares prevailing at that time without any further shareholder resolution
and without any preemption rights. The Management Board is also authorised
to cancel own shares. These authorisations may be executed in whole or in
part. In respect of own shares acquired in accordance with Chapter 65 of
the Austrian Public Companies Act (§65 AktG), the Management Board is hence
entitled to either resell one part and cancel the other part of the shares
or resell all or cancel all of the shares, which were acquired in
accordance with the share buyback programme.

c) The existing authorisation to acquire own shares in accordance with the
AGM resolution dated 17 November 2008 is cancelled in respect of the
remaining amount of shares, which are 800 shares.

Yes: 2.800.599 No: 0

Number of valid casted votes: 2.800.599
Part of the share capital through these votes: 72,03 %


30.07.2010 Ad hoc announcement, Financial News and Press Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Pankl Racing Systems AG
              Industriestraße West 4
              8605 Kapfenberg
              Österreich
Phone:        +43 3862 33 999 -317
Fax:          +43 3862 33 999 -810
E-mail:       ir@pankl.com
Internet:     www.pankl.com
ISIN:         AT0000800800
WKN:          914732
Listed:       Freiverkehr in Berlin, München, Düsseldorf, Stuttgart,
              Hamburg; Open Market in Frankfurt; Wien (Amtlicher Handel /
              Official Market)
 
End of News                                     DGAP News-Service
 
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