DGAP-News: Balda AG

DGAP-News: Balda AG: Supervisory Board Chairman Dr. Michael Naschke announces his resignation at the beginning of the extraordinary General Meeting

DGAP-News: Balda AG / Schlagwort(e): Hauptversammlung Balda AG: Supervisory Board Chairman Dr. Michael Naschke announces his resignation at the beginning of the extraordinary General Meeting

04.09.2013 / 16:39

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Naschke: 'My decision aims to ensure a fair balance of interests for the Supervisory Board appointment process'

Berlin/Bad Oeynhausen, 4 September 2013 - Just prior to the company's extraordinary General Meeting in Berlin today, Balda AG Supervisory Board Chairman Dr. Michael Naschke has announced his resignation as Chairman, effective at the close of today's meeting. The sole agenda item for the extraordinary General Meeting, which was convened by shareholder Elector GmbH (Balda capital held: 29.9%), is the appointment of new members of the Supervisory Board.

Dr. Naschke explains the rationale of his decision: 'For well over eight months now, Balda has been the subject of a confrontation concerning Supervisory Board appointments that was initiated by the shareholder Elector. For my own part, I remain convinced that Elector's attempt to appoint its own candidates to the majority or even all of the positions in this body does not serve the principles of good corporate governance. My opinion is also one held by all national or international voting representatives and shareholder associations.

Prolongation of this conflict would continue to damage Balda AG, however. It goes without saying that it is in the interests of the company, its employees and its customers to finally achieve a fair balance of interests that places the well-being of Balda above partisanship. My decision is intended to help achieve this objective and establish a situation where all of the key shareholder groups are adequately represented on the Supervisory Board.

I thank the Management Board and my colleagues on the Supervisory Board for their positive and loyal teamwork. I am resigning as Chairman in the firm belief that both our corporate strategy and business operations are on the right track.

Contact:

Frank Elsner Frank Elsner Kommunikation für Unternehmen GmbH Tel.: +49 - 54 04 - 91 92 0 Fax: +49 - 54 04 - 91 92 29 Mail: office@elsner-kommunikation.de





About Balda Balda is a provider of first-class solutions for demanding, high-quality applications in the fields of medical technology, optics, the automotive industry and other specialist industrial sectors. The Group's Balda Medical and Balda Technical operating divisions have operations worldwide, and the company maintains production facilities in Germany and the USA. The success of Balda, which employs around 1,000 people, is based on the deployment of leading-edge, cost-effective technologies, coupled with the trust-based collaboration with customers. The Balda AG share (ISIN: DE0005215107) is listed on the SDAX segment of Deutsche Börse. The financial year ends on 30 June. www.balda-group.com www.balda-medical-group.com

Ende der Corporate News

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04.09.2013 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch die DGAP - ein Unternehmen der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Sprache: Deutsch Unternehmen: Balda AG Bergkirchener Str. 228 32549 Bad Oeynhausen Deutschland Telefon: +49 (0) 57 34 / 9 22-0 Fax: +49 (0) 57 34 / 9 22-2604 E-Mail: info@Balda.de Internet: www.balda.de ISIN: DE0005215107 WKN: 521510 Börsen: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart Ende der Mitteilung DGAP News-Service --------------------------------------------------------------------- 229066 04.09.2013