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DGAP-News: SMT Scharf AG / Key word(s): AGM/EGM
SMT Scharf AG successfully holds further virtual AGM
Hamm, May 27, 2021 - SMT Scharf AG (WKN 575198, ISIN DE0005751986), one of the world's leading suppliers of customised transport solutions and logistics systems for underground mining, has today, Thursday, successfully conducted its virtual 2021 Ordinary Annual General Meeting. This AGM was held as a virtual AGM on the basis of the act passed by the legislator to mitigate the consequences of the COVID-19 pandemic (Act on Measures in Corporate, Co-operative, Association, Foundation and Home Ownership Law to Combat the Effects of the COVID-19 Pandemic [C19-AuswBekG]). The presence of the represented share capital amounted to 53.7%. All items on the agenda were adopted with large majorities.
As part of the AGM, the Managing Board reported on the operative and strategic development of SMT Scharf AG in the 2020 fiscal year, which was mainly characterised by the coronavirus pandemic and strategic measures. The restructuring of the Canadian subsidiary RDH creates a basis for future growth and the planned expansion of the mineral mining business. The entirety of the streamlined product range will be marketed under the SMT Scharf brand in the future. SMT Scharf also entered into a partnership with Polymetal International Plc last year, whose aim is to develop, implement and optimise zero-emission electric vehicles, with a first order worth EUR 4 million having already been confirmed. The China III approval expected in Q3 2021 is expected to deliver further positive growth momentum in the future. Overall, the Managing Board continues to pursue the strategy of an expanded range of services in the underground logistics area.
Based on the good start to business in Q1 2021, the Managing Board has issued a positive outlook for the current fiscal year. This is mainly driven by the order book position, which stands at a record high ahead of the pending China III approval. Demand for coal and higher levels of coal consumption offer attractive growth opportunities for the future. The early transition to Chinese mining companies' new emission standards and the expected China III approval in the third quarter also contribute to the positive forecasts.
Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Cologne branch, was appointed as the auditor for the 2021 fiscal year.
The detailed voting results on the respective agenda items will be available soon for download from the website at www.smtscharf.com within the investor relations area.
27.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
SMT Scharf AG
+49 2381 960-01
+49 2381 960-311
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Tradegate Exchange
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