BINDER + CO AG At yesterday's meeting of the Binder+Co Supervisory Board, the Supervisory and Management Boards agreed to present a resolution to the next Annual General Meeting proposing a conversion of the current bearer shares into registered shares.
The preconditions have thus been created for a vote by the shareholders at the 17th Annual General Meeting of Binder+Co AG on 12 April 2016 regarding the change to company articles necessitated by the above measure. The reason for this move is the proposed stiffening of the market abuse regulations planned for July 2016, which will also result in a substantial increase in the information obligations of Third Market issuers on the Vienna Stock Exchange. As a consequence of the switch to registered shares, a delisting of the shares currently traded in the Third Market is planned.
As from today, 2 March 2016, the proposed resolutions can be downloaded from the company homepage www.binder-co under the heading 'Investors / Annual General Meeting'.
The Binder+Co Group
Binder+Co is a specialist in the field of processing, environmental and packaging technology and the world market leader in the screening and glass recycling segments. The company was listed on the Vienna Stock Exchange at the end of 2006 and is now part of the Third Market in the mid market segment. The Binder+Co Group consists of Binder+Co AG, the three fully owned subsidiaries Comec-Binder S.r.l., Bublon GmbH and Binder+Co Machinery (Tianjin) Ltd., as well as the Statec Binder GmbH joint venture (50.7%).
Inquiries
Karl Grabner, Member of the Board
Tel.: +43/3112/800-363
Binder + CO. AG issued this content on 02 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 March 2016 07:13:22 UTC
Original Document: http://www.binder-co.com/en/investors/news/2016/03/Binder_Co_plans_a_switch_to_registered_shares.php
