Ringmetall presents current strategy to shareholders at Annual General Meeting
- Wide acceptance of the company's current course
- Authorization to acquire own shares granted
Munich, 14 June 2019 - Ringmetall AG (ISIN: DE0006001902), a leading international specialist supplier in the packaging industry, today presented its current corporate strategy and details of the 2018 financial year to its shareholders at the 22nd Annual General Meeting. Of the capital stock of the company in the amount of EUR 29,069,040.00, this year 66.85 percent were represented at the time of voting on agenda items at the Annual General Meeting.
As part of his presentation, Spokesperson of the Management Board Christoph Petri gave a review of the most important events of the past year. "Despite some uncertainties that have made the course of business far from easy, we can look back on another successful year," says Co-CEO Petri. "Ringmetall took a significant step forward with our entry into the inliner market. Through further acquisitions, we plan to further consolidate this market and thus build up another strong foothold in the field of specialty packaging in addition to the drum closure systems."
In the following general debate, the shareholders present discussed details of the course of business and the agenda items to be voted on. In the vote itself, they were adopted almost unanimously, as proposed by the administration. In detail, the percentage of approval was as follows:
Agenda item 2 99.93 percent
Agenda item 3 94.12 percent
Agenda item 4 98.90 percent
Agenda item 5 99.59 percent
Agenda item 6 99.29 percent
Agenda item 7 100.0 percent
Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de.
Phone: +49 (0)89 45 220 98 12
Mobile: +49 (0)174 90 911 90
About Ringmetall Group
Ringmetall is an internationally leading specialist in the packaging industry. The Industrial Packaging business segment offers highly secure gasket and locking systems for the chemical, the petrochemical and the pharmaceutical industry as well as the food industry. The Industrial Handling business segment develops application-optimized vehicle accessory parts for the handling and transport of packaging units. Besides its headquarters in Munich, Ringmetall has worldwide production and sales subsidiaries in Germany, Great Britain, Spain, Italy, Turkey, the Netherlands, as well as in China and the USA. On a global scale, Ringmetall generates revenues of around EUR 130 million per year.
14.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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