Welcome to Change Meyer Burger
Meyer Burger Technology Ltd (MBT) invites its shareholders to an Extraordinary General Meeting on 30 October 2019 at the “Stade de Suisse” in Berne. The Board of Directors is thus responding to the request of the shareholder group around Sentis Capital with 14 members and a current stake of around 11.5% of the share capital.
Sentis Capital, currently the largest single shareholder of MBT with currently 8.2% of the shares, was the most important investor in the last capital increase of MBT in December 2016. Sentis Capital thus helped to avert an insolvency of the company. Since then, Sentis has demanded a new start at MBT – with success.
At the Extraordinary General Meeting, the election of an additional board member will be addressed. The shareholder group proposes to the General Meeting to elect Mr Mark Kerekes (*1976, CV here) as a member of the Board of Directors with a term of office until the end of the next Annual General Meeting.
MBT is currently reviewing its business model and strategy and has announced a strategic collaboration with REC. In this context, the election of a genuine shareholder representative to the Board of Directors who brings the perspective of the owners to the table is very urgent. MBT has lost a lot of investor confidence since the Annual General Meeting in April 2019. All arguments of the shareholder group in favor of the election of Mr Kerekes can be found here.
We are convinced about MBT’s leading position as a special technology provider in the production of highly efficient solar cells and modules. As an active shareholder, we want this potential to be finally converted into successful results in the long term, in order for shareholder value to be created in the interests of all shareholders.
We call on all shareholders to attend the forthcoming MBT Extraordinary General Meeting. A vibrant shareholder democracy is crucial to support the necessary transformation process.
Please ensure that your shares are registered in the share register of the company to be able to exercise your voting rights. That’s how it works.
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