BRAIN AG: Annual General Meeting for Fiscal Year 2018/2019
- Discharge of the Management Board and Supervisory Board
- Dr. Georg Kellinghusen re-elected to the Supervisory Board
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.
Further information
Annual Report 2018/19:
https://www.brain-biotech.com/investors/financial-publications/2018-19
Financial calendar:
www.brain-biotech.com/investors/financial-calendar
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About BRAIN
BRAIN Biotech AG is a leading European supplier of bio-based products and solutions such as enzymes and proteins, microbial production strains, natural compounds and biotechnological solutions for more sustainable industrial processes. The company focuses on the fields of nutrition, health and environment.
BRAIN Biotech AG is the parent company of the international BRAIN Biotech Group. The Group's business activities are divided into three segments: The BioProducts segment comprises the product business with specialty enzymes and other proteins, for which the Group operates fermentation facilities in the United Kingdom and production facilities in continental Europe and the United States. The BioScience segment offers research-intensive custom solutions based on enzyme technology, strain development, bioprocess development and natural product screening. The BioIncubator segment conducts its own R&D projects or those initiated with partners with high value-added potential. A particularly promising incubator project is the development of the Company's own CRISPR-based gene editing technology platform, which is currently being established and expanded by Akribion Genomics (in foundation planning).
Through its own R&D activities, BRAIN Biotech Group is continuously expanding its product portfolio in the field of specialty enzymes and small molecules. The latter are the starting point for screenings, e.g. for novel drug candidates for pharmaceutical applications.
BRAIN Biotech AG has been listed on the Prime Standard of the Frankfurt Stock Exchange since February 9, 2016 (ticker symbol: BNN; securities identification number: ISIN DE0005203947 / WKN 520394). The company employs approximately 330 people and generated revenues of EUR 55,3 million in the fiscal year 2022/23.
For more information, please visit: https://www.brain-biotech.com, LinkedIn, Threads and YouTube.
Disclaimer
This press release contains forward-looking statements. These statements reflect the current views, expectations, and assumptions of the management of BRAIN Biotech AG, and are based on information currently available to the management. Forward-looking statements are no guarantees of future performance, and entail both known and unknown risks as well as uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Numerous factors exist that could influence the future performance of and future developments at BRAIN Biotech AG and the BRAIN Biotech Group. Such factors include, but are not limited to, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, as well as other factors. BRAIN Biotech AG does not undertake any obligation to update or revise any forward-looking statements.