PROGRESSNOW! INVEST AG
At today's annual general meeting of ProgressNow! invest AG all motions of the board of directors were passed with the exception of the agenda item liquidation of the company subject to conditions precedent, for which a qualified majority (two thirds of the votes represented) would have been necessary.
Reorganisation measures concerning capital loss: Declaratory capital reduction and partial capital increase
The general meeting approved with 84.75% the reorganisation measures regarding capital loss. These measures include a capital increase of minimum CHF 2´000´000 and maximum CHF 10´000´000, as well as the reduction in the nominal share value from CHF 50.00 to CHF 3.94. This capital reduction is subject to the partial capital increase being successfully completed. The subscription period runs from April 22 to May 29, 2015. Shareholders registered in the share register of the company will receive a subscription form. The listing prospectus and additional subscription forms (only available in German) can be downloaded and/or printed out from the website of the company www.progressnow.ch under the heading Kapitalerhöhung 2015.
In addition the annual report containing the accounts of ProgressNow! invest AG and the group accounts of the ProgressNow! invest-group as per December 31, 2014 were approved, as was the proposed revision of the statutes. The members of the board and the managing director were discharged for 2014. Dr. Markus Bill was confirmed as board member and member of the compensation committee for a further year. First Tax AG, Kreuzlingen were elected as independent shareholders representative for a further period of one year. KPMG AG, Zürich were confirmed as auditor of the company for a further period of one year. 67.61% of the share capital of the company with voting rights were represented at the annual general meeting.
Reorganisation measures concerning capital loss: Declaratory capital reduction and partial capital increase
The general meeting approved with 84.75% the reorganisation measures regarding capital loss. These measures include a capital increase of minimum CHF 2´000´000 and maximum CHF 10´000´000, as well as the reduction in the nominal share value from CHF 50.00 to CHF 3.94. This capital reduction is subject to the partial capital increase being successfully completed. The subscription period runs from April 22 to May 29, 2015. Shareholders registered in the share register of the company will receive a subscription form. The listing prospectus and additional subscription forms (only available in German) can be downloaded and/or printed out from the website of the company www.progressnow.ch under the heading Kapitalerhöhung 2015.
In addition the annual report containing the accounts of ProgressNow! invest AG and the group accounts of the ProgressNow! invest-group as per December 31, 2014 were approved, as was the proposed revision of the statutes. The members of the board and the managing director were discharged for 2014. Dr. Markus Bill was confirmed as board member and member of the compensation committee for a further year. First Tax AG, Kreuzlingen were elected as independent shareholders representative for a further period of one year. KPMG AG, Zürich were confirmed as auditor of the company for a further period of one year. 67.61% of the share capital of the company with voting rights were represented at the annual general meeting.
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