I.P.S. Innovative Packaging Solutions AG

DGAP-Adhoc: IPS Innovative Packaging Solutions AG: Shareholders at I.P.S. Innovative Packaging Solutions AG approve the name change into Airopack Technology Group AG, the conversion of the bearer shares into registered shares with equal nominal value ...

IPS Innovative Packaging Solutions AG   / Key word(s): AGM/EGM/Miscellaneous

13.05.2014 18:30

Release of an ad hoc announcement pursuant to Art. 53 KR
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I.P.S. Innovative Packaging Solutions AG -
Shareholders at I.P.S. Innovative Packaging Solutions AG approve the name
change into Airopack Technology Group AG, the conversion of the bearer
shares into registered shares with equal nominal value as well as all
further motions of the Board of Directors at the AGM


Baar, May 13, 2014 - The annual general meeting of I.P.S. Innovative
Packaging Solutions AG was held in Zug today. Attending the AGM were 61.45
per cent of the voting share capital represented. The shareholders
approved, with clear majorities, all the motions proposed by the Board of
Directors.

The AGM approved the name change into Airopack Technology Group AG
(Airopack Technology Group SA) (Airopack Technology Group Ltd).
Furthermore, the AGM followed the motion of the Board of Directors to
convert the bearer shares into registered shares with equal nominal value.
The conversion shall have effect as of 15 May 2014.

The 2013 annual report and 2013 annual and consolidated financial
Statements of I.P.S. Innovative Packaging Solutions AG were approved.

The AGM re-elected the members of the Board of Directors according to the
motions of the Board of Directors for a term of office until the end of the
next ordinary general shareholder's meeting. In the run-up to the AGM
Nicolas Mathys, former member of the Board of Directors, declared his
resignation as of the end of this year's AGM and therefore was not
available for election. Dr. Alexander Vogel remains chairman of the Board
of Directors. The services of auditors BDO AG, Zurich, were also confirmed
for a further year of business.

The AGM approved an increase to the company's authorised capital or
creation of new capital up to an amount of CHF 8,000,000 by issuing up to
1,600,000 fully paid-up registered shares with a nominal value of CHF 5
each. Also approved was an increase in the company's conditional capital to
a Maximum of CHF 10,000,000 through the issue of up to 2,000,000 new fully
paid-up registered shares with a nominal value of CHF 5 each. This would be
used for issuing option rights to the employees, as well as to the members
of the Board of Directors of the company and of the group companies in
accordance with a plan to be determined by the Board.

Furthermore the AGM approved the amendments of the articles of association
according to the motions of the Board of Directors triggered by the
Ordinance against Excessive Compensation in Listed Stock Corporations
(OaEC).

2014 schedule:
26 September 2014: half-year report 2014

For more information :
I.P.S. Innovative Packaging Solutions AG
Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
TF: +41 (0)41 766 35 00
E-Mail: frans.vandervorst@ips-grp.com
www.ips-grp.com




I.P.S. Innovative Packaging Solutions AG is a leading developer and
supplier of mechanical and pressure-controlled dispensing packaging
technologies and systems for manufacturers and suppliers of cosmetics, body
care, pharmaceutical and food products. The revolutionary and worldwide
patented Airopack(R) technology offers a safe, all-plastic pressurized
dispenser that is environmentally friendly: no inhalation risks, no dirty
propellants and no unnecessary waste. Unlike other pressurized dispensers
that use dirty propellants Airopack(R) uses just normal compressed air
which results in dispensing a formulation at constant pressure from start
to finish.


Airopack Group does not only offer this patented technology but also has a
Full-service offering.  With this Full-service offering Airopack Group
provides a turnkey solution to quickly and easily launch customer products
in Airopack(R). Via the unique Full-service offering Airopack Group can
mould, assemble, sleeve or label, fill and pack Airopack(R) to customer's
specifications. In addition Airopack Group has a highly experienced
laboratory for formulation development and bulk production to ensure the
best quality and control.


Within the context of a joint venture (Airolux AG) with Resilux
(www.resilux.com) Airopack Group operates a manufacturing facility in
Glarus Nord, Switzerland, a Full-service operation facility in
Heist-op-den-Berg, Belgium, a global R&D and Customer Service facility in
Waalwijk, the Netherlands and a sales office in Morristown NJ, United
States of America. With the delivery of its first products IPS reached an
important Milestone in 2012 with respect to commercial market entry. The
shares of the Company are listed on the Domestic Standard of  the SIX Swiss
Exchange since 2010. (Ticker: IPS / ISIN: CH0002013826).

IPS Innovative Packaging Solutions AG
Zugerstrasse 76B
CH-6340 Baar


13.05.2014 News transmitted by EQS Schweiz AG.
The issuer is responsible for the contents of the release.

EQS publishes regulatory releases, media releases on the capital
market and press releases.
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for over 1'300 listed companies.
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Language:               English
Company:                IPS Innovative Packaging Solutions AG
                        Zugerstrasse 76b
                        6340 Baar
                        Switzerland
Phone:                  +41 417663500
Fax:                    +41 417663509
E-mail:              info@ips-grp.com
Internet:            www.ips-grp.com
ISIN:                   CH0002013826
Valor:                  872693
Listed:                 Freiverkehr in Berlin, Düsseldorf, Hamburg,
                        Hannover, München, Stuttgart; Frankfurt in Open
                        Market ; SIX

End of Announcement                             EQS Group News-Service

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