The Annual General Meeting of Implenia AG has approved all the proposals made by the company's Board of Directors.
D i e t l i k o n, 8 April 2008 – Buoyed by the excellent group results posted for 2007, the majority of shareholders present voted to reduce the par value of each Implenia registered share by CHF 0.50 to CHF 4.00 (previous year: par value reduction of CHF 0.35 to CHF 4.50 per registered share). As recommended by the Board of Directors, a clear majority of shareholders rejected the proposals made by Laxey Partners Ltd. to annul the conditional capital and reduce the terms of office of members of the Board of Directors. Urs Häner, CEO of Russian Land, Implenia's Russian joint venture partner, was newly elected to Implenia's Board of Directors. Anton Affentranger, Markus Dennler, Claudio Generali, Patrick Hünerwadel, Toni Wicki and Philippe Zoelly were all re-elected for a further two-year term.Chairman of the Board of Directors Anton Affentranger confirmed to the assembled shareholders that Laxey had acted illegally when buying its Implenia shares and in so doing had harmed all shareholders and the company as a whole. For this reason, and based on the Federal Banking Commission's investigation into the matter, the Board of Directors will be working hard to ensure that Laxey is brought to account for its illegal actions and for the damage it has done. The Board will not be put off by Laxey's numerous attempts to put pressure on Implenia, especially since shareholders have now so overwhelmingly rejected Laxey's takeover offer. In its dispute with Laxey, the Board's overriding goal remains to ensure Implenia's independence so that it can continue to apply its successful business model.
Contact:
Hirzel.Neef.Schmid. Konsulenten
Aloys Hirzel
Tel.: +41 43 344 42 42
E-mail: aloys.hirzel@konsulenten.ch