Press Release

Extraordinary General Meeting of the Singulus Technologies AG approves the restructuring concept of the company

Yesterday’s Extraordinary General Meeting of the Singulus Technologies AG approved the proposed resolutions with regards to the implementation of the presented restructuring concept with a majority of more than 90 % of the present capital.
pv magazine

Following yesterday’s approval by the noteholders’ meeting, with today’s approval by the Extraordinary General Meeting, the essential prerequisites for the successful implementation of the presented restructuring concept were met
However, some shareholders have filed an objection to the resolutions. The company now has to wait whether the shareholders will file voidance actions. However, the company is confident that such voidance actions will be overridden in a fast track proceeding and that subsequently the implementation of the restructuring concept can be initiated.
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