PartnerFonds AG: Request for convocation of Extraordinary General Meeting of Blue Cap AG
Planegg, 16 December 2018 – PartnerFonds »Kapital für den Mittelstand« Anlage GmbH & Co. KG, a subsidiary of PartnerFonds AG, notified Blue Cap AG on 13 December 2018 of a request to convene an Extraordinary General Meeting pursuant to § 122 (1) AktG (German Stock Corporation Act).
The 44% ownership interest in Blue Cap AG is a key asset in the portfolio of PartnerFonds AG. During the acquisition transaction, an agreement was reached with the seller and sole director of Blue Cap AG, Dr. Hannspeter Schubert, to consolidate both asset portfolios under the umbrella of Blue Cap AG in order to build a strong industrial holding company, the new Blue Cap AG (see ad-hoc announcement of Blue Cap AG of 13 June 2018).
During the past six months, PartnerFonds AG has attempted several times to execute the original agreements together with the Management and Supervisory Board of Blue Cap AG. As a key shareholder of Blue Cap AG, PartnerFonds AG is fully aware of its crucial role in dealing with the portfolio companies, the stakeholder interests and the expectations of the capital market in a diligent and responsible manner.
Having the impression that the Supervisory Board members of Blue Cap AG neither support nor jointly adhere to the previous commitments made by its CEO, and fail to find common ground with PartnerFonds AG while pursuing their own interests, contrary to their manifestations, the Board and Supervisory Board members of PartnerFonds AG have decided to call for an Extraordinary General Meeting with the following agenda:
- Dismissal of the Supervisory Board members
- Election of new Supervisory Board members
- Vote of no confidence against CEO Dr. Hannspeter Schubert
About PartnerFonds AG
As an industrial holding company of the SME sector, PartnerFonds AG - and its public subsidiary Blue Cap AG (WKN: A0JM2M) - invest in medium-sized enterprises with an industrial focus and a high growth potential, seeking to secure their long-term stability and advancement.
In line with this strategy, our subsidiaries are independent business entities operating under the umbrella of PartnerFonds AG and its public subsidiary Blue Cap AG to form a strong group of medium-sized companies with an industrial bias.
Investments are focused on majority stakeholdings of companies in the German-speaking region. Our target companies typically generate sales revenues in the range of EUR 10 to 50 million and have a profitable and robust core business.
82152 Planegg/Martinsried, Germany
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