Quorum Requirement Will Not Be Met in Elcoteq´s Extraordinary General Meeting on January 22, 2010
(Thomson Reuters ONE) - Elcoteq SEStock Exchange ReleaseJanuary 20, 2010 at 9.30 am (EET)On December 21, 2009, Elcoteq SE published an invitation to the ExtraordinaryGeneral Meeting of shareholders to be held in Luxemburg on January 22, 2010 todecide on actions supporting the execution of balance sheet restructuring andequity investment project.In conformity with Article 61 of the Articles of Association, the decision ofthis Extraordinary General Meeting shall be carried by the qualified majority oftwo-third (2/3) of the votes cast and of the aggregate par value of the sharespresent or represented at the meeting, taking into account that at least half ofthe series A shares and half of the series K shares needs to be present orrepresented.The notification period for the meeting expired on January 18, 2009 at 4.00 pmCET. By that date, about 22.4% of the series A shares and 100% of the series Kshares enrolled to the meeting. Hence, as anticipated by the company, the quorumrequirement will not be met in the Extraordinary General Meeting on January22, 2010.Therefore, as announced earlier, the company will convene a second ExtraordinaryGeneral Meeting and the invitation to this second meeting will be publishedlater on.The second meeting shall validly deliberate regardless of the proportion of thecapital represented and the resolutions, in order to be adopted, must be carriedby at least two-thirds of the votes cast.ELCOTEQ SESatu JaatinenCommunications ManagerFurther information:Markus Kivim?, SVP, Legal Affairs, tel. +358 10 413 1248About ElcoteqElcoteq SE is a leading electronics manufacturing services (EMS) company in thecommunications technology field. Elcoteq's global service offering covers theentire lifecycle of products, from product development to after-market services.By further combining mechanics expertise into its service offering, Elcoteq'svision is to be a leading integrated electronics manufacturing services (IEMS)company.Elcoteq provides global end-to-end solutions consisting of product developmentservices, supply chain management, NPI, manufacturing, and after market servicesfor the whole lifecycle of its customers' products. These products includeConsumer Electronics products such as mobile and wireless phones, their partsand accessories, set-top boxes, flat panel TVs and other consumer products aswell as System Solutions products such as wireless and wireline infrastructuresystems and modules, enterprise network products and other industrial segmentproducts.The Group's consolidated net sales for 2008 totaled 3.4 billion euros and itemploys approximately 11,000 persons. Elcoteq SE is listed on the Nasdaq OMXHelsinki Ltd. For more information visit the Elcoteq website atwww.elcoteq.com.[HUG#1375110]
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Datum: 20.01.2010 - 02:34 Uhr
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