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PTA-News: S&T AG: ANNUAL GENERAL MEETING PASSES ALL RESOLUTIONS PROPOSED BY MANAGEMENT | ![]() |
Tuesday, 16. June 2020 17:00 |
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Business news for the stock market
Linz (pta023/16.06.2020/17:00) - S&T AG: ANNUAL GENERAL MEETING PASSES ALL RESOLUTIONS PROPOSED BY MANAGEMENT - Ms. Badstöber new Chairwoman of the Supervisory Board of S&T AG
Linz, 16.06.2020. At today's virtual 21st Annual General Meeting of the company, all management motions were approved by the shareholders of S&T AG (www.snt.at) with a large majority. Approximately 50% of the share capital was represented at S&T AG's Annual General Meeting, which was held online for the first time.
Claudia Badstöber elected to the Supervisory Board
In the constituent Supervisory Board meeting following the Annual General Meeting, Ms. Badstöber was elected Chairwoman of the Supervisory Board, while Mr. Chwatal will continue to act as Deputy Chairman of the Supervisory Board and in future as Chairman of the Audit Committee. With Ms. Badstöber and Mr. Chwatal, a majority of independent representatives are present on the audit, nomination and remuneration committee
Confirmation of the forecast for 2020 and 2023
"First of all, I would like to thank Dr. Grossnigg for the cooperation over the last 9 years since our joint entry into S&T. Since 2011 we have been able to develop S&T from a regional IT service provider to a multinational company with its own technology. This broad product portfolio of the S&T Group has also contributed to our positive development in the second quarter, despite the lockdowns in many of the countries in which we operate. With our high liquidity, we will benefit from the corona crisis and further consolidate our market. We therefore confirm our guidance for 2020 as well as our ambitious target of EUR 2 billion in sales with an EBITDA of EUR 220 million in line with our Agenda 2023", Hannes Niederhauser, CEO of S&T AG.
ON S&T AG
Linz, June 16 2020 (end) emitter: S&T AG
ISIN(s): AT0000A0E9W5 (share)
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