Intercell 2008 Annual Shareholders Meeting - All Resolutions Approved
Wien (euro adhoc) -
Announcement according to Para 82 Section 9 Austrian Stock Exchange Act in connection with Para 2 Section 1 and Para 3 Section 1 Publication Directive
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companies/Ordinary Shareholders' Meeting
Vienna, June 13, 2008 - Intercell AG (Vienna Stock Exchange, ICLL) today announced that all proposed resolutions were approved with a vast majority of votes cast by the Annual Shareholders Meeting held today. A total of 33.35 percent of the outstanding share capital of Intercell AG was represented in the meeting. The resolutions included:
- Re-election of supervisory board members Michel Gréco (chairman), Ernst Afting (vice-chairman), Staph Bakali, David Ebsworth and Jim Sulat for a term of five years; - Approval of authorized share capital of 15 million shares for capital increases against cash or in-kind contribution to be used over the next five years; - Approval of an employee stock option pool of 3 million options to be issued over the next five years; and - Authorization of a share buy-back program.
Details of the share buy-back according to Para 82 Section 9 Austrian Stock Exchange Act in connection with Para 2 Section 1 and Para 3 Section 1 Publication Directive:
The Management Board of Intercell AG was authorized according to Para 65 Section 1 Subsection 8 Austrian Stock Corporation Act (Aktiengesetz) by the Annual Shareholders Meeting on June 13, 2008 to purchase its own bearer shares without par value (treasury stock) up to the legally permitted maximum extent of 10 percent during a period of 30 months from the day of the resolution at a minimum price of Euro 20 and a maximum price of Euro 60 per share. The Management Board was authorized to dispose the purchased shares of treasury stock a) in connection with the exercise stock options to be granted to employees, key management and members of the Management Board of the Company or of affiliated companies or to the members of the Supervisory Board of the Company, or b) by selling it at any time pursuant to Para 65 Section 1b of the Austrian Stock Corporation Act through the Stock Exchange or via public offer.
At the meeting CEO Gerd Zettlmeissl, CFO Werner Lanthaler, CSO Alexander von Gabain and COO Thomas Lingelbach reported on the successful business year 2007 including the financial results and presented an update on the business strategy and recent achievements in 2008. The presentation to the shareholders is available at the company's website www.intercell.com.
end of announcement euro adhoc
Further inquiry note:
Intercell AG
Lucia Malfent
Head of Communications
Tel. +43 1 20620-303
lmalfent@intercell.com
Branche: Biotechnology
ISIN: AT0000612601
WKN: A0D8HW
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official market