DGAP-News: VARTA AG: Annual General Meeting of VARTA AG to be held digitally on June 18, 2020
DGAP-News: VARTA AG
/ Key word(s): AGM/EGM
Corporate News Ellwangen, Monday, May 11, 2020
Annual General Meeting of VARTA AG to be held digitally on June 18, 2020 The Company is to hold a digital Annual General Meeting for 2020 due to ongoing coronavirus measures. The VARTA AG Group, technology and innovation leaders for rechargeable lithium-ion batteries for high-tech consumer products, particularly premium true wireless headsets, has decided to hold a digital, remote Annual General Meeting this year as a result of the continuing spread of the coronavirus. The Executive and Supervisory Boards have resolved to take advantage of new legal provisions. The digital Annual General Meeting will take place at the originally scheduled time of 11 am on June 18, 2020. Registered shareholders will have the opportunity to exercise their right to vote by written and electronic postal vote and follow the Annual General Meeting online in its entirety. Herbert Schein, CEO of VARTA AG, comments: "Even during the global coronavirus crisis, we are continuing on our growth course. Within the Company, we have taken all conceivable measures to protect our employees. The decision to hold a digital Annual General Meeting therefore marks another step consistent with our aims of safeguarding the wellbeing and health of our shareholders, employees and service providers". The basis for this decision is a new change to the law that relaxes the conditions under which Annual General Meetings can be held for 2020. Accordingly, exclusively digital, remote Annual General Meetings without physical presence are now permitted due to the health risks currently posed by the coronavirus outbreak. The Agenda for the 2020 Annual General Meeting in addition to further details on participation and voting possibilities for shareholders will be published today on May 11, 2020.
11.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | VARTA AG |
VARTA-Platz 1 | |
73479 Ellwangen | |
Germany | |
Phone: | +49 (0)791-921-0 |
E-mail: | [email protected] |
Internet: | www.varta-ag.com |
ISIN: | DE000A0TGJ55 |
WKN: | A0TGJ5 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1037791 |
End of News | DGAP News Service |
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1037791 11.05.2020
Varta AG Stock
Based on 3 Buy predictions and 2 Sell predictions the sentiment towards Varta AG is rather balanced.
Based on the current price of 8.25 € the target price of 25 € shows a potential of 203.03% for Varta AG which would more than double the current price.