EQS-Adhoc: Annual General Meeting on 15 June 2023 - no postponement

Ad hoc announcement
WKN: 515600 / WKN A14KQ7

Bocholt, 14 June 2023

Annual General Meeting on 15 June 2023 - no postponement

Bocholt, 14 June 2023 [17:34 hours] - The Executive Board of Gigaset AG has today received a letter signed by lawyers of Goldin Fund Pte. Ltd (In Liquidation) and Giant Achiever Holdings Limited requesting a postponement of the Annual General Meeting convened for tomorrow, 15 June 2023.

As the shares in question held by Goldin Fund Pte. Ltd. (In Liquidation) (72.32 % of the shares in Gigaset AG) were only registered after the registration deadline on 8 June 2023 (24:00 hours), they could not be admitted to the Annual General Meeting for reasons of equal treatment of shareholders. The reason for the late registration shall be a pending legal dispute between Goldin Fund Pte. Ltd. (In Liquidation) and Giant Achiever Holdings Limited regarding the ownership of the shares held by Goldin Fund Pte. Ltd. (In Liquidation). As part of an interim arrangement, a court order is cited according to which rights from the shares in Gigaset AG held by Goldin Fund Pte. Ltd. (In Liquidation) would only be exercised by agreement between the parties.

From the Executive Board's point of view, a postponement, i.e. a cancellation and reconvening of the Annual General Meeting at a later date, is currently not considered benficial by the company. The Executive Board therefore feels obliged not to comply with the request for a postponement of the Annual General Meeting. Resulting in that the Executive Board decided to perfom the Annual General Meeting as planned.

However, in the view of the Executive Board, it cannot be ruled out that, in the course of a future general meeting of the Company, any resolutions of the general meeting convened for tomorrow, 15 June 2023, will be amended again. In the letter from Goldin Fund Pte. Ltd. (In Liquidation) and Giant Achiever Holdings Limited, it is pointed out that, depending on the outcome of tomorrow's Annual General Meeting, the convening of such an Extraordinary General Meeting may also be pursued, which would result in any resolutions passed being reversed.

Gigaset AG, Bocholt, is an internationally active company in the field of communications technology. The company is Europe's market leader in DECT phones and is also a leading international player with around 900 employees and sales activities in over 50 countries. In addition to DECT phones, its business activities include Android-based smartphones, cloud-based smart home applications and business telephony solutions for SMEs and enterprise customers. The traditional company is characterised in a special way by its "Made in Germany" production. The company is headquartered in Bocholt, Germany. Furthermore, a software development centre is maintained in Wroclaw, Poland, as well as numerous sales offices in Europe and Asia.

Gigaset AG is listed in the Prime Standard of the German Stock Exchange and is therefore subject to the highest transparency requirements. The shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).

1657341  14-Jun-2023 CET/CEST