SKW Stahl-Metallurgie Holding AG: Trustee of SKW Stahl-Metallurgie Holding AG rejects dismissal of sole member of management board previously resolved by supervisory board
May 30, 2018 at 04:45 pm EDT
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DGAP-Ad-hoc: SKW Stahl-Metallurgie Holding AG / Key word(s): Miscellaneous
SKW Stahl-Metallurgie Holding AG: Trustee of SKW Stahl-Metallurgie Holding AG rejects dismissal of sole member of management board previously resolved by supervisory board
30-May-2018 / 22:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Notification according to Art. 17 MAR
Trustee of SKW Stahl-Metallurgie Holding AG rejects dismissal of sole member of management board previously resolved by supervisory board
Munich, May 30 2018 - Dr. Christian Gerloff, the court appointed trustee of SKW Stahl-Metallurgie Holding AG, currently subject to insolvency proceedings under self-administration, has informed the company today that he refuses to give his approval which is according to sec. 276a German Insolvency Code a necessary prerequisite for the dismissal of the sole member of the management board, Dr. Kay Michel, and also for the appointment of supervisory board member Dr. Olaf Marx as member of the management board, because this change would result in disadvantages for creditors of the company.
Dr. Marx had previously notified the company that the newly assembled supervisory board under his chairmanship has resolved to dismiss Dr. Kay Michel as member of the management board of SKW Stahl-Metallurgie Holding AG and to appoint Dr. Marx as substitute for Dr. Michel pursuant to sec. 105 para. 2 German Stock Corporation Act for a term of one year.
Now, these resolutions do not become effective.
Dr. Michel continues to manage the business of the company as the sole member of the management board.
Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Telefon: +49 89 99 24 96 30
Mail: office@elsner-kommunikation.de
Internet: www.skw-steel.com
30-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SKW Stahl-Metallurgie Holding AG
Prinzregentenstr. 68
81675 München
Germany
Phone:
+49 (0)89 5998923-0
Fax:
+49 (0)89 5998923-29
E-mail:
info@skw-steel.com
Internet:
www.skw-steel.com
ISIN:
DE000SKWM021
WKN:
SKWM02
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
SKW Stahl Metallurgie Holding AG is a Germany-based steel refining company. The Company is engaged in both primary metallurgy, which refers to processing or ore into liquid iron, and secondary metallurgy, which includes refining the liquid iron into steel of different quality levels for use in a multitude of industries, from steel girders for building to sheets for the automotive industry. The Company also produces nodulizer cored wires, inoculant cored wires and desulfurizer cored wired, which are used in desulfurizing cast iron in the cupola furnaces melting processes. The Company provides cored wire under the Affival brand, solutions for the desulfurization of hot metal and refinement of liquid steel under the ESM brand, and slag conditioners, including sintered synthetic slags, under the Tecnosulfur brand.
SKW Stahl-Metallurgie Holding AG: Trustee of SKW Stahl-Metallurgie Holding AG rejects dismissal of sole member of management board previously resolved by supervisory board
SKW STAHL METALLURGIE HOLDING AG 