Ekotechnika AG: Postponement of the Annual General Meeting 2020
19 March 2020 Corporate News
Walldorf, 19 March 2020 – Ekotechnika AG (Primary Market; ISIN: DE000A161234) has decided to postpone the Annual General Meeting in Wiesloch, which was convened for Tuesday, 7 April 2020 at 10:00 a.m. The invitation to the Annual General Meeting published in the Federal Gazette on 25 February 2020 is thus void. As soon as a new date for the Annual General Meeting has been decided, a new invitation will be announced in the Federal Gazette and published on the company's website at https://www.ekotechnika.de/investor-relations/hauptversammlung/.
The decision has been taken against the background of the current situation and the global spread of the coronavirus (COVID-19). As the Executive Board of Ekotechnika AG attaches top priority to the wellbeing and health of the shareholders, the employees and the service providers involved, the Executive Board has decided, in consultation with the Supervisory Board, to postpone the meeting.
Ekotechnika AG, Walldorf, is the German holding company of the EkoNiva-Technika Group, the largest distributor of agricultural machinery in Russia. The main partner and principal supplier is John Deere, the world’s largest and market-leading manufacturer of agricultural machinery. Ekotechnika’s main business lies in selling new equipment such as tractors and combines but also soil tillage machines. At the end of 2018, forestry machinery from Canadian manufacturer Tigercat was added to the portfolio. In addition, the company sells spare parts, provides service and maintenance and offers its customers smart farming technologies. Founder and Chairman of the Executive Board of Ekotechnika AG is Stefan Dürr, who has been active in the Russian farming sector since the late eighties and has been instrumental in its modernization over the past two decades. Operating 23 locations in five attractive Russian farming regions, Ekotechnika today employs around 570 people and generated sales revenues of around EUR 160 million in 2018/19. The Ekotechnika stock is listed on the Primary Market of the Düsseldorf Stock Exchange (ISIN: DE000A161234) as well as on the Open Market of the Frankfurt Stock Exchange.
Press / Investor Relations
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