EQS-Adhoc: Request for addition to the agenda of the Annual General Meeting on 15 June 2023 for a resolution on a capital reduction at a ratio of 8 to 1

Ad hoc announcement
WKN: 515600 / WKN A14KQ7

Bocholt, 12 May 2023

Request for addition to the agenda of the Annual General Meeting on 15 June 2023 for a resolution on a capital reduction at a ratio of 8 to 1

Bocholt, 12 May 2023 [21:07 hours] - Gigaset AG today received a request for additions to the agenda of the Annual General Meeting to be held on 15 June 2023 from the shareholder Ludic GmbH, represented by its Managing Director Mr Tom Hiss. The subject of the request is, among other things, the addition to the agenda of a resolution of the Annual General Meeting to reduce the Company's share capital by consolidating shares at a ratio of 8 to 1 as well as an amendment to the Articles of Association to reduce the Supervisory Board to four members.

Ludic GmbH proposes to reduce the share capital of the company from EUR 132,455,896 by EUR 115,898,909 to EUR 16,556,987 for the purpose of creating a free capital reserve in order to increase the attractiveness of the share in the context of the operational development. The reduction shall be effected in accordance with the provisions on the ordinary reduction of capital (§§ 222 et seq. of the German Stock Corporation Act (AktG)) through the consolidation of shares.

Ludic GmbH has enclosed proof with the request for additions that it holds an interest in the share capital of the company to an extent that exceeds EUR 500,000.00 of the share capital. Pursuant to § 122 para. 2 AktG, this is a condition for the request for addition.

Based on current knowledge, the Executive Board of Gigaset AG does not expect the majority shareholder of Gigaset AG, Goldin Fund Pte. Ltd. with a voting interest of 72.32 %, to attend the Annual General Meeting and exercise its voting rights. Ludic GmbH currently holds almost 3 % of the voting rights in Gigaset AG, so that the proposals of Ludic GmbH could find the necessary majorities at the Annual General Meeting on 15 June 2023, taking into account the registrations of previous years, if the agenda is to be extended to include the proposed resolution items.

The Executive Board of Gigaset AG is currently reviewing the supplementary request and will publish the full wording of the supplementary request in the Federal Gazette if this review is positive.

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 characterized in a special way by its "Made in Germany" production. The company is headquartered in Bocholt, Germany. Furthermore, a software development center 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).

1632331  12-May-2023 CET/CEST