23 May 2007
Annual shareholders meeting of Spirt Avert AG
At their annual general meeting on 23 May 2007 which was held in Luzern/St. Niklausen, the shareholders of Spirt Avert AG have followed all proposals of the board, i.e.
1. Approval of the annual report, consolidated financial statements and financial statements for Spirt Avert AG
2. Amendments to the Articles of Association:
2.1 Creation of authorized share capital in the amount of CHF 5‘387‘643 by issuing up to 1’795’881 bearer shares with a nominal value of CHF 3 per share
2.2 Spirt Avert AG moved its principal office from Pfäffikon (SZ) to Horw (LU)
3. Discharge of all members of the board
4. Re-election of Messrs. Lorenzo R. Schmid (Chairman), Daniel Buchter and Peter K. Bachmann
5. Election of BDO Visura as new auditors of the company and new group auditors for 2007
Strategy:
The board maintains its positive assessment of the Swiss stock market and is proactively implementing its strategy, i.e. investing into both privately as well as publicly held companies with a clear focus on pre IPOs.
In this context the board has re-evaluated the industrial activities in Shanghai in terms of their conformity with the current strategy and will evaluate all opportunities, even a divestment within the coming months.
A highly liquid market is very responsive towards investments into stocks. Within the last few years share buy back programmes have absorbed more shares than added through new IPOs. A positive correction of this phenomenon can be expected within the next few months.
For further information please contact:
Mr. Lorenzo Schmid, Chairman of the Board
Phone +41 41 368 98 38
lorenzo.schmid@mindsetholding.ch
About MINDSET HOLDING AG:
MINDSET HOLDING AG is the listed entity of mindset agmindset is a new type of automobile that sets itself apart – both technically and aesthetically – from conventional automotive concepts. Mindset is the first European electric vehicle that was designed fundamentally for everyday use. It stands out for its high level of energy efficiency. The development and marketing of the zero-local-emission-vehicle mindset constitutes the core activity of the company.
The market for a reliable, zero-emission-vehicle based on proven technology has been long documented and is being supported at government level. The pent-up demand from the public for a “politically-correct car” is enormous.
To change your user profile or to unsubscribe from our mailing list, please send an email to investor@mindsetholding.ch. For more information about MINDSET HOLDING AG and further press releases, please visit our website www.mindsetholding.ch. For more information about mindset ag, please visit our website www.mindset.ch.
Current share price
2010Would you like press releases sent to your e-mail or fax?
Subscribe >