HOMAG Group AG postpones annual general meeting due to spread of coronavirus
Schopfloch, 20th March 2020. Due to the spread of coronavirus in Germany, HOMAG Group AG will not hold its annual general meeting as scheduled on May 7, 2020. The company is following a directive passed by the state government of Baden-Württemberg, which prohibits all meetings and other events, initially until June 15, 2020.
The postponement of the annual general meeting means that the compensation payment of EUR 1.01 per share cannot be paid to shareholders as planned on May 8, 2020, but on the first banking day after the date of the Annual General Meeting, which is still to be determined.
An alternate date for the annual general meeting, which must be held as a face-to-face meeting, has not yet been decided. This will depend on the further spread of coronavirus and the relevant official measures. HOMAG Group AG aims to hold its annual general meeting by August 31, 2020, at the latest, according to the provisions of the German Stock Corporation Act.
Disclaimer
This press release contains certain statements relating to the future. Futureoriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.