EANS-News: Balda AG receives request to convene an Extraordinary General Meeting (with document)

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Company Information

Bad Oeynhausen (euro adhoc) - Bad Oeynhausen, 3 April 2013 - Balda AG
announces that today it received a request from the shareholder
Elector GmbH, Berlin, Germany, to convene an Extraordinary General
Meeting in accordance with Section 122 (1) of the German Stock
Corporation Act (AktG). The purpose of this meeting will be to
completely replace its three-member Supervisory Board with the
removal of the Supervisory Board Chairman, Dr. Michael Naschke, and
the election of rival candidates for the Supervisory Board members
Irene Schetelig and Wilfried Niemann. The request for Dr. Michael
Naschke's removal from office is motivated inter alia by the fact
that he, along with the other two acting Supervisory Board members,
had approved the Management Board's proposal to pay a special
dividend of EUR 1.50 for the current financial year 2012/2013. The
Management Board will examine the legal aspects of the request
comprehensively before deciding what action to take. Dr. Michael
Naschke's Supervisory Board position had been confirmed at the Annual
General Meeting of Balda AG on 7 November 2012 with 88% of the vote.
As announced by Balda AG, on 22 February 2013 the Bad Oeynhausen
Local Court appointed Ms. Schetelig and Mr. Niemann as independent
Supervisory Board members at the company's request after two
Supervisory Board members had resigned from office with effect from
28 February 2013. The Local Court had rejected the request from
Elector GmbH to appoint two of its own candidates, Dr. Thomas van
Aubel, managing partner of the shareholder Elector GmbH, and Ms.
Frauke Vogler, on the grounds of these candidates' lack of
independence. Elector GmbH is proposing that the Extraordinary
General Meeting elect the following candidates for the Supervisory
Board positions: Dr. Thomas van Aubel, Ms. Frauke Vogler and Mr.
Oliver Oechsle.

About Balda Balda is a provider of first-class solutions for
demanding, high-quality applications in the fields of medical
technology, optics, the automotive industry and other specialist
industrial sectors. The Group's Balda Medical and Balda Technical
operating divisions have operations worldwide, and the company
maintains production facilities in Germany, the USA and Malaysia. The
success of Balda, which employs more than 1,700 people, is based on
the deployment of leading-edge, cost-effective technologies, coupled
with the trust-based collaboration with customers. The Balda AG share
(ISIN: DE0005215107) is listed on the SDAX segment of Deutsche Börse.
www.balda.de www.balda-medical.de

Attachments with Announcement:
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http://resources.euroadhoc.com/us/ddPQXPLE

Further inquiry note:
Kontakt/Ansprechpartner:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 - 54 04 - 91 92 0
Fax: +49 - 54 04 - 91 92 29
Mail:office@elsner-kommunikation.de

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/ddPQXPLE

company: Balda Aktiengesellschaft
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2604
mail: info@balda.de
WWW: http://www.balda.de
sector: Semiconductors & active components
ISIN: DE0005215107
indexes: SDAX, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English