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    MXHN   DE000A2DA588

MAX AUTOMATION SE

(MXHN)
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PRESS RELEASE : MAX Automation SE publishes statement in connection with an application to add to the agenda of the Annual General Meeting on 28 May 2021

05/04/2021 | 09:15am EDT
DGAP-News: MAX Automation SE / Key word(s): Statement 
MAX Automation SE publishes statement in connection with an application to add to the agenda of the Annual General 
Meeting on 28 May 2021 
2021-05-04 / 15:13 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
PRESS RELEASE 
Dusseldorf, 4 May 2021 - MAX Automation SE (ISIN DE000A2DA58), listed in the Prime Standard of the Frankfurt Stock 
Exchange, comments in connection with an application to add to the agenda of the Annual General Meeting on 28 May 
2021. 
The shareholders Mr. Klaus Schulze and LBBW Asset Management Investmentgesellschaft mbH have requested that their 
request for a special audit be placed on the agenda of the Annual General Meeting of MAX Automation SE on 28 May 2021 
and be published. The company has complied with this request. 
The subject of the special audit is to be various facets of the acquisition of the AIM Group by the then M.A.X. 
Automation AG in 2013. 
The subject matter of the audit largely coincides with the facts on which Mr. Klaus Schulze had already based his claim 
in October 2019 that MAX Automation SE should pursue alleged claims for damages by the Company in the amount of at 
least EUR 40 million against all members of the Supervisory Board at the time and several former members of the 
Company's executive bodies (see MAX Automation SE ad hoc announcement dated 8 October 2019). In this letter, it was 
also announced that legal action would be taken in accordance with section 148 of the German Stock Corporation Act 
(AktG). 
MAX Automation SE had intensively examined the facts and the alleged claims for damages with the assistance of external 
experts, including a renowned university professor and expert in stock corporation law as well as one of the top four 
auditing firms. The company came to the conclusion, that the allegations are not true and that there are no such claims 
for damages by the company against then or former board members (see ad hoc release of MAX Automation SE dated 6 
December 2019). 
In addition, the Company had explained the situation in a meeting between the lawyer of MAX Automation SE and the 
shareholder Mr. Klaus Schulze and his lawyers. Lawyers and auditors commissioned by the shareholder Mr. Klaus Schulze 
had several days to review the extensive documentation. The action for admittance to court pursuant to Section 148 of 
the German Stock Corporation Act (AktG) was then not pursued further. 
The Supervisory Board of MAX Automation SE therefore expresses its lack of understanding that the acquisition of the 
AIM Group by the then M.A.X. Automation AG from a company of the Günther Group in 2013 is now to be made the subject of 
a special audit. According to the assessment of the Supervisory Board, the request for additions is the pursuit of 
extraneous interests, which unnecessarily burdens the MAX Group in terms of time and money and thus causes a 
considerable disadvantage to the Company and its shareholders. 
"We have brought MAX well through the difficult Corona year and used the time to put MAX on a good path with the 
intended strategic and personnel realignment. A special audit would cost us an enormous amount of time and money - 
which we would be better off investing in the future, especially since the matter has already been elaborately dealt 
with in recent years," says Chairman of the Supervisory Board Dr. Christian Diekmann. 
The Supervisory Board of MAX Automation SE therefore that the shareholders of the Company vote against the proposed 
resolutions of the shareholders Klaus Schulze and LBBW Asset Management Investmentgesellschaft mbH at the Annual 
General Meeting of MAX Automation SE on 28 May 2021. 
The statement of the Supervisory Board of MAX Automation SE can be viewed and downloaded on the website of MAX 
Automation at www.maxautomation.com/hv-2021 under the item Ergänzung der Tagesordnung. 
Contact: 
Katja Redweik 
Head of Investor Relations 
MAX Automation SE 
Phone: +49 - 211 - 9099 144 
katja.redweik@maxautomation.com 

Contact for media representatives:

Susan Hoffmeister 
CROSS ALLIANCE communication GmbH 
Phone: +49 - 89 - 125 09 03 33 
sh@crossalliance.de 
www.crossalliance.de About MAX Automation SE MAX Automation SE (WKN: A2DA58), based in Düsseldorf, is an internationally active industrial group for high-tech automation solutions. The operating business is divided into three divisions: in its Process Technology segment, the Group's comprehensive technological Expertise makes it an innovation leader in the development and manufacture of proprietary solutions (e.g. dosing, impregnation), particularly for the automotive and electronics industries. In its Environmental Technology segment, MAX Automation develops and installs technologically complex systems for the recycling, energy and raw materials industries. The Evolving Technologies division of MAX Automation develops high-quality assembly and system solutions for the medical technology and automotive industries as well as for robotics and augmented automation. 

www.maxautomation.com -----------------------------------------------------------------------------------------------------------------------

2021-05-04 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 -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      MAX Automation SE 
              Breite Straße 29-31 
              40213 Düsseldorf 
              Germany 
Phone:        +49 (0)211 90991-0 
Fax:          +49 (0)211 90991-11 
E-mail:       investor.relations@maxautomation.com 
Internet:     www.maxautomation.com 
ISIN:         DE000A2DA588 
WKN:          A2DA58 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange; BX 
EQS News ID:  1192409 
 
End of News   DGAP News Service 
=------------ 

1192409 2021-05-04

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1192409&application_name=news 
 

(END) Dow Jones Newswires

May 04, 2021 09:14 ET (13:14 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
MAX AUTOMATION SE 2.21% 3.7 Delayed Quote.-12.32%
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Financials
Sales 2021 342 M 415 M 415 M
Net income 2021 1,15 M 1,40 M 1,40 M
Net Debt 2021 87,2 M 106 M 106 M
P/E ratio 2021 92,5x
Yield 2021 1,35%
Capitalization 109 M 132 M 132 M
EV / Sales 2021 0,57x
EV / Sales 2022 0,50x
Nbr of Employees 1 597
Free-Float 54,2%
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Mean consensus BUY
Number of Analysts 3
Average target price 5,37 €
Last Close Price 3,70 €
Spread / Highest target 51,4%
Spread / Average Target 45,0%
Spread / Lowest Target 35,1%
EPS Revisions
Managers and Directors
NameTitle
Christian Diekmann Chairman-Supervisory Board, CEO, CFO & MD
Jens J. Kruse Deputy Chairman-Supervisory Board
Ralf Guckert Member-Supervisory Board
Marcel Neustock Member-Supervisory Board
Karoline Kale Member-Supervisory Board
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