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

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

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

Paolo Ocleppo
Sandvik Hyperion

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search