Home / Knowledge / News / Textiles / Rieter shareholders elect new members for BoDs
Rieter shareholders elect new members for BoDs
30
Apr '09
At the Annual General Meeting held on April 29, 2009, the shareholders of Rieter Holding Ltd. elected Michael Pieper, This E. Schneider, Hans-Peter Schwald and Peter Spuhler as new members of the Board of Directors for a three-year term of office. The meeting also confirmed the appointment of Dr. Jakob Baer for a further three years.

The Annual General Meeting of Rieter Holding Ltd. was attended by 1184 shareholders. They adopted all motions proposed by the Board of Directors and formally approved the annual report, the annual accounts, the consolidated financial statements for 2008 and the actions of the Board of Directors and the Group Executive Committee in the 2008 financial year.

The meeting elected Dr. Jakob Baer to the Board of Directors for a further three-year term of office and elected Michael Pieper, This E. Schneider, Hans-Peter Schwald and Peter Spuhler as new members of the Board of Directors. Dr. Ulrich Dätwyler, Dr. Rainer Hahn and Dr. Peter Wirth retire as directors.

Board of Directors stipulates terms of issue for shareholders' options
At a meeting already held on April 29, 2009, prior to the Annual General Meeting, the Board of Directors stipulated the terms of issue for shareholders' options, which were then announced at the conclusion of the Annual General Meeting, i.e. after the stock markets had closed. Options will be issued to shareholders free of charge in lieu of a dividend payment. Holders of Rieter shares on May 5, 2009, will be given the opportunity to purchase Rieter shares on attractive terms.

The exercise terms have been stipulated as follows by the Board of Directors:
• one shareholder's option will be allotted free of charge for each registered share
• 11 shareholders' options entitle the holder to purchase one share at a preferential price
• the price of a new share is 120 CHF (this corresponds to a discount of rather more than
30% compared with the closing price on April 28, 2009: 172.6 CHF)
• the exercise period commences on May 5, 2009, and ends on May 29, 2009, at 12.00 noon
• the shareholders' options will be listed and traded on the SIX Swiss Exchange

Rieter Management AG

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search