Manz AG, DE000A0JQ5U3

Manz AG, DE000A0JQ5U3

04.07.2017 - 16:55:09

Manz AG: Annual General Meeting elects Dieter Manz to the Supervisory Board

Manz AG: Annual General Meeting elects Dieter Manz to the Supervisory Board

- All agenda items adopted with broad approval

- Former CEO and company founder Dieter Manz elected to the Supervisory Board

- Eckhard Hörner-Marass takes over company management as CEO effective immediately

- Actions of the Management and Supervisory Boards ratified for the 2016 fiscal year

Filderstadt/Reutlingen, July 4, 2017 - Manz AG, a globally active high-tech equipment manufacturer with an extensive technology portfolio covering the three strategic business segments of "Electronics", "Solar" and "Energy Storage," successfully held its annual general meeting this Tuesday at the FILharmonie in Filderstadt. The presence of the represented share capital equaled approximately 57.9%, and all agenda items were adopted.

During the annual general meeting, the Management Board reported in detail on the operational and strategic development of Manz AG in the 2016 fiscal year. This was substantially characterized by the entry of the strategic anchor investor Shanghai Electric Group Co., Ltd. in May of 2016. The planned collaboration in the area CIGS thin film solar technology led to the largest order in company history in January of 2017. Manz received major orders with a total volume of 263 million euros, which become revenue and profit-relevant starting in the 2017 fiscal year. In addition to the immense potential for CIGS thin film solar technology around the globe, the Management Board also emphasized the excellent development possibilities in the business segments of Energy Storage and Electronics, as well as the successful collaboration with the LAM Research Corporation in connection with the Talus Manufacturing Ltd. joint venture, founded in 2016 in Taiwan.

According to the assessment of Dieter Manz, the former CEO, company founder and primary shareholder of Manz AG, the strategic collaborations, the major orders and the excellent prospects in all business segments have formed the basis for a profitable corporate development. After 30 years, during which he was primarily responsible for the operational development of Manz AG, he therefore feels the right time has come to transfer leadership of Manz AG to the hands of an experienced management team. Dieter Manz will use his experience to continue providing support to the company as its primary shareholder and as a member of the Supervisory Board. The annual general meeting accordingly followed the administration's recommendation and elected Dieter Manz to the Supervisory Board of the company, with a majority of 99.1%.

Eckhard Hörner-Marass will take over Mr. Manz's responsibilities as Management Board Chairman effective immediately. Mr Hörner-Marass joined the company's Managing Board in 2016 and since then he has been in charge of the introduction and operative implementation of the Group's restructuring measures which were initiated at the end of 2015. Mr. Hörner-Marass's area of responsibility also includes the strategic business segments of Energy Storage and Electronics, as well as the central segments of Research & Development and Business Development. The responsibilities of Chief Operations Officer Martin Drasch will encompass not only the Production and Purchasing fields as well as the Contract Manufacturing and Service reporting segments, but also the strategic Solar segment. Also, as already reported, Gunnar Voss von Dahlen has taken up the post of Chief Financial Officer as of June 2017 and is responsible for the Finance and Controlling, HR, IT, Organization and Administration divisions. Please find attached under the following link a picture of the Management Board and Supervisory Board of Manz AG: http://info.cometis.de/Manz/2017_Manz AG_Board_and_Supervisory Board.jpgCompany profile: Manz AG - passion for efficiency As a globally active high-tech equipment manufacturer, Manz AG, based in Reutlingen, Germany, is a pioneer in the provision of innovative products in fast-growing markets. Founded in 1987, the company has expertise in seven technology sectors: automation, laser processing, vacuum coatings, screen printing, metrology, wet chemical and roll-to-roll processing. Manz deploys and continuously develops these technologies in three strategic business segments: Electronics, Solar and Energy Storage.

The company is headed by its founder, Dieter Manz, and has been listed on the stock exchange in Germany since 2006. It currently develops and produces in Germany, China, Taiwan, Slovakia, Hungary and Italy. It also has sales and service branches in the United States and India. Manz's motto "passion for efficiency" sums up its promise of production systems with the highest levels of efficiency and innovation for its customers in dynamic, future-oriented industries. With its comprehensive expertise in developing new production technologies and related machines, the company contributes substantially to reducing production costs for end products and making them accessible to large groups of buyers the world over.

Investor Relations Contact cometis AG Claudius Krause Tel.: +49 (0)611 - 205855-28 Fax: +49 (0)611 - 205855-66 E-mail: krause@cometis.de Manz AG Axel Bartmann Tel.: +49 (0)7121 - 9000-395 Fax: +49 (0)7121 - 9000-99 E-mail: abartmann@manz.com

04.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Manz AG Steigäckerstr. 5 72768 Reutlingen

Germany Phone: +49 (0) 7121 9000-0 Fax: +49 (0) 7121 9000-99 E-mail: info@manz.com Internet: http://www.manz.com ISIN: DE000A0JQ5U3 WKN: A0JQ5U Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

589519  04.07.2017 

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