General Meeting of Shareholders approves annual financial statements, Board and Management
Zug (CH), June 30, 2022 – At today’s Annual General Meeting in Zug (Switzerland), the shareholders of LION E-Mobility AG approved the annual financial statements of the company, consisting of the balance sheet, P&L, and annex, which has received an unqualified audit opinion from the auditing company Deloitte. Due to the Covid-19 restrictions, the meeting had to be held with the involvement of a proxy.
The shareholders confirmed the Board of Directors of LION E-Mobility AG, consisting of Alessio Basteri (Chairman), Ian Mukherjee and Tobias Mayer for another year. The vast majority of shareholders rejected the proposal of minority shareholders to elect two persons as additional members of the Board of Directors.
Deloitte AG (Switzerland) was also confirmed as auditor and Pascal Bucher (Finaport, Zurich, Switzerland) as proxy until the 2023 Annual General Meeting. The shareholders also granted the company approval for further capital increases through the issue of new shares.
“I would like to thank all shareholders for their understanding of this extraordinary situation and for attending the General Shareholders’ Meeting via proxy,” said Alessio Basteri, Chairman of the Board of Directors of LION E-Mobility AG. “This is still an extraordinary situation for all of us and according to the Measures to Combat the Coronavirus (Covid-19) of the Swiss Federal Council of June 19, 2020, we again held the AGM without physical presence of our shareholders. Despite these special circumstances, we want to offer our shareholders full transparency and are grateful for all the questions that reached us during the General Assembly. We will take them up and answer them in detail afterwards, as far as this is possible. I would also like to thank all those who were involved in the preparation and conduct of this special Annual General Meeting”.
“We had a very good start into 2022 and our agreement to acquire a product and production license from BMW alongside the establishment of our subsidiary, LION Smart Production GmbH, mark a milestone in LION’s successful corporate history. We are working hard to continue the success story, despite difficult economic conditions. The signals we are receiving from the market for our solutions are positive. I would like to thank all shareholders for their trust”, Basteri continued.
About LION E-Mobility AG:
LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology. The company holds 100% of the German LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG also holds 100% of the shares in LION E-Mobility North America Inc. and LION Smart Production GmbH.
Responsible for the press release: Board of Directors LION E-Mobility AG
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LION E-Mobility AG
Alessio Basteri
Chairman of the Board
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LION E-Mobility Investor Relations
Frank Schönrock (Weber Shandwick)
Phone: +49 (0) 1737025315
E-Mail: ir@lionemobility.com | www.lionemobility.com
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Arne Siegner
Phone: +41 (0) 41 500 54 11
E-Mail: ir@lionemobility.com | www.lionemobility.com
Disclaimer:
Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or performance are not considered historical facts and may therefore be forward-looking statements. Forward-looking statements are based on the expectations, estimates and plans at the time the statements were made, and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated become. LION E-Mobility AG is under no obligation to update the forward-looking statements in this press release.
