OTI Greentech AG, DE000A0HNE89

OTI Greentech AG, DE000A0HNE89

12.09.2018 - 16:52:01

OTI Greentech AG: OTI Greentech AG holds successful general meeting


OTI Greentech AG holds successful general meeting

Berlin, 12 September 2018 - OTI Greentech AG (German securities code (WKN) A0HNE8), an international engineering and technology services group, successfully held its ordinary general meeting 2018 yesterday, on 11 September 2018.

70.41 percent of the share capital was represented at the general meeting. All of the agenda items were passed with a large majority in each case. The detailed voting results are available on OTI Greentech AG's website in the investor relations section under http://www.oti.ag.

In addition to the ratification of the Managing Board and the Supervisory Board for fiscal year 2017 the general meeting resolved to reduce the share capital by EUR 32,374,836.00 to EUR 1,798,602.00 (previously: EUR 34,173,438.00). The share capital has been reduced in line with the provisions concerning simplified capital reductions (Sections 229 ff. of the Aktiengesetz (AktG - German Public Companies Act) and with a retroactive effect on the financial statements as of 31 December 2017. This agenda item was approved with a majority of 99.99 percent.

Joe Armstrong, OTI Greentech AG's CEO commented: "We are extremely pleased with this very high approval rate because it shows us that our shareholders are accompanying us on OTI Greentech's way back to health. The capital reduction primarily serves to adjust for the losses incurred in the past in the financial statements. This capital reduction will make our company more attractive for both our current shareholders and also for future investors and financing partners".

Contact: OTI Greentech AG Joe Armstrong, CEO info@oti.ag Tel: +49 30 220 136 900 Potsdamer Platz 1, 7th floor 10785 Berlin edicto GmbH Axel Mühlhaus, Dr. Sönke Knop sknop@edicto.de Tel.: +49 69 905505-51 Eschersheimer Landstraße 42-44 60322 Frankfurt


12.09.2018 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: OTI Greentech AG Potsdamer Platz 1 10785 Berlin

Germany Phone: +49 30 220 136 900 Fax: +49 30 690 884 88 E-mail: info@oti.ag Internet: www.oti.ag ISIN: DE000A0HNE89 WKN: A0HNE8 Listed: Regulated Unofficial Market in Dusseldorf   End of News DGAP News Service

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