DGAP-News: AKASOL AG / Key word(s): AGM/EGM
AKASOL AG: Invitation to the Virtual Annual General Meeting on June 30, 2021
2021-05-21 / 17:28
The issuer is solely responsible for the content of this announcement.
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AKASOL AG: Invitation to the Virtual Annual General Meeting on June 30, 2021
Darmstadt, May 21, 2021 - The Management Board and Supervisory Board of AKASOL AG ("AKASOL"; the "Company"; ISIN
DE000A2JNWZ9), a leading German developer and manufacturer of high-energy and high-performance lithium-ion battery
systems for buses, commercial vehicles, rail vehicles, industrial vehicles, ships and boats, as well as a provider of
comprehensive solutions, invite the Company's shareholders to attend the Annual General Meeting of AKASOL AG on June
30, 2021, at 10:30 a.m. CEST.
As the COVID-19 pandemic continues, this year's Annual General Meeting will also be held in a virtual and
attendance-free format. For registered shareholders, the meeting will be broadcast live via the shareholder portal on
AKASOL's Company website in the "Investor Relations" section under the heading "Annual General Meeting," as in the
previous year. AKASOL AG's shareholders and their representatives have the option of exercising their voting rights by
electronic postal vote or through the Company's proxy, who will be bound by instructions.
The agenda of the AKASOL Annual General Meeting 2021 and further details on participation and voting options are
available on the Company website in the "Investor Relations" section under "Annual General Meeting":
https://www.akasol.com/en/annual-general-meeting
Likewise, as announced, the 2020 audited annual and consolidated financial statements of AKASOL AG are available for
download on the Company's website as of today. As already communicated on April 30, 2021, AKASOL's consolidated sales
rose by 43% to EUR 68.3 million in the last fiscal year. Earnings before interest and taxes (EBIT) amounted to EUR
-12.1 million (2019: EUR -5.3 million) due to measures to support growth in connection with the short-term
establishment of structures and measures to optimize the Group's processes, as well as non-recurring expenses resulting
from inventory and material master adjustments and special effects in the area of personnel, as also previously
reported. Adjusted for special effects, EBIT in 2020 amounted to EUR -5.3 million (2019: EUR -2.4 million). Operating
cash flow turned positive in the past fiscal year, as disclosed on April 30, 2021, and amounted to EUR 9.6 million
(2019: EUR -25.6 million).
Contact:
Georg Grießmann
cometis AG
T.: +49 (0) 611 20 58 55 61
Email: griessmann@cometis.de
About AKASOL
AKASOL is a leading German developer and manufacturer of high-energy and
high-performance lithium-ion battery systems for use in buses, commercial vehicles, rail vehicles and industrial
vehicles, as well as in ships and boats. With 30 years of experience, AKASOL is a pioneer in the development and
manufacture of lithium-ion battery systems for commercial applications. Shares of AKASOL AG stock have been traded on
the Prime Standard segment of the Frankfurt Stock Exchange since
June 29, 2018.
DISCLAIMER
Statements contained herein could be deemed to constitute what are referred to as "forward-looking statements."
Forward-looking statements are identifiable by the use of words such as "could," "will," "should," "plans," "expects,"
"anticipates," "estimates," "believes," "intends," "envisages," "aims" or the negative form of these terms, or
corresponding modifications and comparable terms.
Based on current expectations, forward-looking statements involve a number of known and unknown risks, uncertainties
and other factors as a consequence of which actual results, degrees of capacity utilization, developments and successes
achieved by the Group, or on the part of the branch of industry in which it operates, might turn out to be materially
different from the results contained or implied herein. The faith placed in forward-looking statements should not be
unreasonably high. The Group will not update or review any forward-looking statements published herein in light of new
information, future events or for any other reason.
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2021-05-21 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AKASOL AG
Kleyerstraße 20
64295 Darmstadt
Germany
Phone: +49 6151/800 500
E-mail: info@akasol.com
Internet: www.akasol.com
ISIN: DE000A2JNWZ9
WKN: A2JNWZ
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1199172
End of News DGAP News Service
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1199172 2021-05-21
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(END) Dow Jones Newswires
May 21, 2021 11:29 ET (15:29 GMT)