General Shareholders' Meeting of HanseYachts AG for Fiscal Year 2007/2008
Today the regularly scheduled general shareholders’ meeting of HanseYachts AG took place for fiscal year 2007/2008. Around 72 percent of the share capital eligible to vote was represented at the meeting.
The management board explained HanseYachts’ strategy and presented the results for the completed fiscal year (1 August 2007 to 31 July 2008), in which the HanseYachts Group was able to increase turnover to €135.3 million and thus to exceed last year by a considerable margin.
Shareholders had five items on the agenda, which they had to decide. Both the supervisory board and the management board received convincing votes of approval (over 99 percent in both cases). Furthermore, the management board was empowered to acquire its own shares up to a total of 10 percent of current share capital.
The central focus was concentrated on utilising earnings. With 99.5 percent of the share capital eligible to vote represented at the meeting, the shareholders approved the proposal of the management board to carry earnings forward in full as a separate item, thereby strengthening the financial situation of HanseYachts AG. This is necessary in order to be able to manoeuvrethrough the worldwide crisis flexibly and independently, explained Udo Potthast, CFO of HanseYachts AG.
