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 --------------------------------------------------------------------------- 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. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------