Walldorf, May 24, 2005.
REALTECH AG held its sixth regular General Meeting in Wiesloch today.
The event, held in the Palatin convention and culture center in
Wiesloch, was attended by around 180 stockholders and guests. Dieter
Matheis, Chairman of the Supervisory Board, opened the General Meeting
and, after reading the necessary formalities, handed over to the Chief
Executive Officer, Nicola Glowinski.
Nicola Glowinski began by describing the highlights and economic
development in 2004. He examined the results of the first quarter of
2005 and reviewed the goals and expectations for the current fiscal
year.
A general discussion, in which the Executive and Supervisory Boards
provided detailed answers to questions posed by stockholders and their
representatives, was followed by voting. This accounted for 2,855,568
of the total of 5,092,452 shares, which meant that 56.07% were
represented.
Resolutions on the items on the agenda - the presentation of the annual
accounts, report of the Supervisory Board, approved consolidated
financial statements, and summarized management report, the proposal
for giving discharge to the members of the Executive and Supervisory
Boards, the proposed choice of auditor, and the proposed reduction in
the number of Supervisory Board members from six to three and
corresponding amendments to the Articles of Association - were all
passed with a large majority.
In connection with the decision to reduce the number of Supervisory
Board members from six to three, REALTECH co-founder and Supervisory
Board member Peter Stier has resigned his Supervisory Board seat.
Dieter Matheis, Chairman of the Supervisory Board, thanked Peter Stier
for his work.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
