At today’s Annual General Meeting of BRAIN AG, 12,644,750 of the total share capital, which is divided into 18,055,782 shares, was represented when the vote was taken. The attendance, based on the share capital, was thus 70,03%.
With the exception of one item, the remaining items on the agenda were accepted by the participating shareholders. The resolution on granting a new authorization to issue convertible bonds and / or bonds with warrants was not adopted.
Adriaan Moelker (CEO, BRAIN AG), in his first speech as Chairman of the Board, pointed out: "BRAIN is a great company with a great future. I see very good opportunities to significantly increase revenues and reduce losses in the coming years. We can achieve this by better exploiting existing potential in the enzyme business, further internationalizing the business and focusing the project portfolio more strongly.”
Manfred Bender, CFO on the BRAIN AG Management Board, presented the figures for the past financial year and said: "We have clearly achieved our goal of double-digit growth. This is a remarkable development in the general economic environment".
Changes in the Supervisory Board
A new Supervisory Board member of BRAIN AG had to be elected at the Annual General Meeting, as the term of office of the Chairman of the Supervisory Board, Dr. Georg Kellinghusen, ended as planned at the end of the Annual General Meeting. Dr. Kellinghusen was re-elected to the Supervisory Board by a large majority and will again stand for election as Chairman at its constitutive meeting.
Two other Supervisory Board members, Dr. Martin B. Jager and Dr. Rainer Marquart, had left the Supervisory Board prematurely. The Company intends to appoint two new members to the Supervisory Board in accordance with section 104(2) of the German Stock Corporation Act (AktG), so that the Supervisory Board will again consist of six members in future.
On behalf of the company, Dr. Georg Kellinghusen, the Chairman of the Supervisory Board who presided over the Annual General Meeting, thanked the two departing Supervisory Board members for their commitment.
The detailed voting results as well as the presentation of the Management Board and all other documents relating to the Annual General Meeting are available on the BRAIN AG website at https://www.brain-biotech.com/investors/annual-general-meetings.
Annual Report 2018/19: