Countermotion for the Annual General Meeting of Advantag AG
Countermotion for planned capital increase received
IGP Beteiligungs AG, as a shareholder pursuant to Section 122 of the German Stock Corporation Act (AktG), has commissioned Advantag AG to convene an Extraordinary General Meeting, which is to take place on August 27, 2019. Thereupon, the Management Board convened the General Meeting in accordance with § 121 AktG.
The agenda for the Annual Shareholders’ Meeting provides for the resolution to increase Advantag AG’s share capital from currently 711,875.00 euros by 480,000,000.00 euros against contribution in kind to 480,711,875.00 euros, divided into 480,711,875 shares. The company has now received a counter-motion to increase the share capital from currently 711,875.00 euros by 80,000,000.00 euros to 80,711,875.00 euros. All shares shall have a nominal value of EUR 1.00. The reasons given by the shareholder are as follows: The valuation has been adjusted; the proposal takes greater account of the interests of the company’s small shareholders.