ARBONIA AG Press release
General Meeting of Arbonia AG approves all motions
Arbon, 20 April 2018 - The shareholders of Arbonia AG approved all motions proposed by the Board of Directors at today's Annual General Meeting. The management report of the Group, financial statements and consolidated financial statements as well as votes on the compensations were approved and all members of the Board of Directors standing for re-election were re-elected. Three amendments to the articles of association were also approved.
Arbonia also announces the successful placement of certificates of indebtedness ("Schuldscheindarlehen") in the amount of EUR 125 million.
At today's 31st annual General Meeting, Arbonia AG shareholders approved the management report of the Group, financial statements and consolidated financial statements for 2017 and granted the members of the Board of Directors and those of Group Management formal discharge for the past financial year. The consultative vote on the compensation report for the financial year 2017 and the vote on the total compensation of the members of the Board of Directors for the 2017/2018 term of office, which took place retrospectively the first time, were authorised too. The amendments to the Articles of Association for increasing the authorised and conditional capital by CHF 57,960,000 through the issue of a maximum of 13,800,000 fully paid up registered shares of a par value of CHF 4.20 each were agreed to.
The seven members of the Board of Directors standing for re-election, Alexander von Witzleben, Peter Barandun, Peter E. Bodmer, Heinz Haller, Markus Oppliger, Michael Pieper and Thomas Lozser, were confirmed in office and re-elected for a further one-year term. Alexander von Witzleben was also re-elected Chairman. Dr. Rudolf Huber did not stand for re-election as a member of the Board of Directors. Thus, the Board will reduce in size to seven members.
Certificates of indebtedness ("Schuldscheindarlehen)" in the amount of EUR 125 million placed
The Arbonia reports the successful placement of certificates of indebtedness ("Schuldscheindarlehen") in the amount of EUR 125 million. The certificates were issued with terms of 5, 7 and 10 years each bearing interest at a fixed rate.
The "Schuldschein" note loan was significantly oversubscribed and was taken up by institutional investors as well as by major banks and savings banks from Germany and abroad. A total of almost 40 investors took part in the transaction. Owing to the strong demand, the volume of the original placement was increased from EUR 75 million to EUR 125 million. The interest payments for the certificates of indebtedness are based on the EUR-Mid-Swap.
The revenues will be used for general corporate purposes.
Joint arrangers of the successful placement were Commerzbank and Landesbank Baden-Württemberg.
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