Invitation to the virtual annual general meeting of June 30, 2021
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DGAP-News: AKASOL AG / Keyword (s): AGM / EGM
21.05.2021 / 17:28
The issuer is solely responsible for the content of this advertisement.
AKASOL AG: Invitation to the Virtual General Meeting of June 30, 2021
Darmstadt, May 21, 2021 – The Management Board and Supervisory Board of AKASOL AG (“AKASOLâ€; the “Companyâ€; ISIN DE000A2JNWZ9), a leading German developer and manufacturer of high-energy, high-performance lithium-ion battery systems for buses, commercial vehicles and rail vehicles, industrial vehicles, ships and boats, as well as a global solutions provider, invite the shareholders of the Company to attend the AKASOL AG Annual General Meeting on June 30, 2021 at 10:30 am CEST.
As the COVID-19 pandemic continues, this year’s Annual General Meeting will also be held in a virtual, non-attendance format. For registered shareholders, the meeting will be broadcast live via the shareholders’ portal on the AKASOL website in the “Investor relations†section under the “Annual general meeting†section, as in the previous year. AKASOL AG shareholders and their representatives have the possibility to exercise their voting rights by electronic vote by correspondence or by proxy of the Company, who will be bound by instructions.
The agenda for the AKASOL 2021 Annual General Meeting and further information on the participation and voting options are available on the Company’s website under the heading “Investor Relations†under “Annual General Meeting†:
https://www.akasol.com/en/annual-general-meeting
Likewise, as announced, the 2020 Annual and Consolidated Audited Financial Statements of AKASOL AG can be downloaded from the company’s website from today. As already communicated on April 30, 2021, AKASOL’s consolidated turnover increased by 43% to 68.3 million euros during the last financial year. Profit before interest and taxes (EBIT) amounted to -12.1 million euros (2019: -5.3 million euros) due to measures to support growth linked to the establishment of short-term structures and measures to optimize the Group’s processes, as well as – recurring expenses resulting from inventory and item master record adjustments and special effects in the field of personnel, as indicated above. Adjusted for special effects, EBIT in 2020 amounted to -5.3 million euros (2019: -2.4 million euros). Operating cash flow turned positive during the past fiscal year, as reported on April 30, 2021, and amounted to € 9.6 million (2019: € ​​-25.6 million).
Contact:
Georg Grießmann
cometis AG
Phone: +49 (0) 611 20 58 55 61
Email: griessmann@cometis.de
About AKASOL
AKASOL is one of the leading German developers and manufacturers of
High performance lithium-ion battery systems for use in buses, commercial vehicles, rail vehicles and industrial vehicles, as well as in ships and boats. With 30 years of experience, AKASOL is a pioneer in the development and manufacture of lithium-ion battery systems for commercial applications. AKASOL AG shares have been traded on the Prime Standard segment of the Frankfurt Stock Exchange since
June 29, 2018.
WARNING
The statements contained in this document may be considered to constitute what are called “forward-looking statements”. Forward-looking statements are identifiable by the use of words such as “may”, “will”, “should”, “plans”, “expects”, “anticipates”, “believes”, “believes”, “intends” , â€Contemplates,“ “refers to†or negative form of those terms, or corresponding modifications and comparable terms.
Based on current expectations, forward-looking statements involve a number of risks, uncertainties and other known and unknown factors as a result of which the actual results, degrees of capacity utilization, developments and successes achieved by the Group or by the branch of the industry in which it operates, could turn out to be materially different from the results contained or implied herein. Reliance on forward-looking statements should not be unreasonably high. The Group will not update or review any forward-looking statements published herein in light of new information, future events or for any other reason.
21.05.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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