SMT Scharf AG
SMT Scharf AG successfully holds first virtual AGM
DGAP-News: SMT Scharf AG
/ Key word(s): AGM/EGM
SMT Scharf AG successfully holds first virtual AGM – Managing and Supervisory boards discharged for FY 2019 – Presence of represented share capital of 36.28% Hamm, May 26, 2020 – SMT Scharf AG (WKN 575198, ISIN DE0005751986), one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, has today, Tuesday, successfully held its virtual 2020 Ordinary Annual General Meeting. On the basis of the act passed by the legislator to mitigate the consequences of the COVID-19 pandemic (Act on Measures in Corporate, Co-operative, Association, Foundation and Home Ownership Law to Combat the Effects of the COVID-19 Pandemic [C19 AuswBekG]), this AGM was held as a virtual AGM. The presence of the represented share capital amounted to 36.28%. All items on the agenda were adopted with large majorities. As part of the AGM, the Managing Board reported on the operative and strategic development of SMT Scharf AG in the 2019 fiscal year, which was characterised by significant revenue and earnings growth. The company pushed ahead with various strategic initiatives for future growth, including the acquisition of ser elektronik GmbH, which specialises in electronic control systems, and the early initiation of the approval process for machines for the Chinese market, where the new China III regulations will apply to the mining industry from 2021 onward. The Managing Board also issued its outlook for the current 2020 fiscal year, which to date has been significantly affected by the coronavirus pandemic and associated general economic consequences and restrictions in mining markets worldwide. Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Cologne branch, was appointed as the auditor for the 2020 fiscal year. The detailed voting results on the respective agenda items will be available soon for download from the website at www.smtscharf.de within the investor relations area.
26.05.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | SMT Scharf AG |
Römerstrasse 104 | |
59075 Hamm | |
Germany | |
Phone: | +49 2381 960-01 |
Fax: | +49 2381 960-311 |
E-mail: | info@smtscharf.com |
Internet: | www.smtscharf.com |
ISIN: | DE0005751986 |
WKN: | 575198 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1055463 |
End of News | DGAP News Service |