EANS-News: P&I AG's AGM ratified all of the submitted motions
05.09.2012 – 12:31
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Annual & Special Corporate Meetings Wiesbaden (euro adhoc) - - Approval of the resolutions submitted by the management - Compensation payment amounting to 1.55 euros per share - The Board of Directors and Supervisory Board were discharged accordingly - Announcement of a further software development P&I Personal & Informatik AG's (Prime standard: ISIN DE 000 6913403) twelfth AGM was held on September 4, 2012 at the Wiesbadener Casino-Gesellschaft and around 50 shareholders and guests attended it. They represented 6.8 million euros or 87.9 per cent of the Wiesbaden Company's capital stock of 7.7 million euros. Consequently, the amount of capital represented there was once again the highest recorded since the listing on the stock exchange in 1999 and as in the previous year the meeting was chaired by Thomas Volk, the Chairman of the Supervisory Board. The annual net profit shown in the annual financial statement that was prepared for P&I AG in accordance with commercial legislation for fiscal 2011/2012 has been ceded to Argon GmbH in compliance with the controlling and profit transfer agreement. Argon GmbH will pay the outside shareholders of P&I AG a compensation payment amounting to 1.55 euros net per P&I share. The two sitting members of the Board of Directors, Vasilios Triadis and Dr. Erik Massmann, were discharged by a majority vote. The sitting members of the Supervisory Board, who are the Chairman, Thomas Volk as well as Michael Wand and Dr. Thomas Dippel, were also discharged by a majority vote. In his presentation, the Chairman of the Board of Directors, Vasilios Triadis, referred to the changes in consumer behavior and customer components and decision-making processes are also involved with these changes. The sustainability of companies can be mainly attributed to the implementation of knowledge in the product and business processes and P&I has already profited from this during the fiscal year that has just ended. The Board of Directors have announced a further P&I LOGA HR software development, which is distinguished by its simplicity and its rapid response times: Redundant options have been removed and this has clearly simplified system operation. The role concepts and the standardisation have expanded the uses that companies have that cover their employees. The result is that the employees now have much closer links with their companies and they can send their questions to the HR department both directly and quickly. A major project that involves the new requirements is already being implemented and is nearly ready for commissioning. Triadis sees the overall outlook as Group sales amounting to 80 million euros and the EBIT margin of 25 per cent being repeated. Triadis also thanked all of the employees of P&I on behalf of the Board of Directors, as it was their highly motivated commitment that made this result possible. The voting results are now published on P&I's homepage in accordance with § 130 AktG and a copy can be requested from the Company at any time. Further inquiry note: Andreas Granderath Telefon: +49(0)611 7147 267 E-Mail: agranderath@pi-ag.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: P&I Personal & Informatik AG Kreuzberger Ring 56 D-65205 Wiesbaden phone: +49(0)611 7147 267 FAX: +49(0)611 7147 367 mail: aktie@pi-ag.com WWW: www.pi-ag.com sector: Software ISIN: DE0006913403 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English