EQS-Adhoc: Shareholder proposals for elections to the Supervisory Board by the Annual General Meeting on 15 June 2023 and possible change in the chairmanship of the Supervisory Board

Ad hoc announcement
WKN: 515600 / WKN A14KQ7

Bocholt, 31 May 2023

Shareholder proposals for elections to the Supervisory Board by the Annual General Meeting on 15 June 2023 and possible change in the chairmanship of the Supervisory Board

Bocholt, 31 May 2023 [20:09 hours] - Gigaset AG today received countermotions and election proposals from the shareholder Ludic GmbH against proposals of the administration for resolutions at the Annual General Meeting to be held on 15 June 2023. Ludic GmbH announces, among other things, that it will reject the election proposals of the Supervisory Board for the re-election of the current Chairman of the Supervisory Board, Mr. Helvin Wong, as well as of Mr. Paolo Di Fraia and Mr. Ulrich Burkhardt. Mr. Andreas Tenhofen is newly proposed for election to the Supervisory Board of Gigaset AG. 

Ludic GmbH had already submitted a request for additions to the agenda on 12 May 2023, inter alia, for the reduction of the Supervisory Board to four members, which was published by Gigaset AG in the Federal Gazette on 19 May 2023.

Should the election proposals of Ludic GmbH find the necessary majorities at the Annual General Meeting, the incumbent Chairman of the Supervisory Board Mr. Helvin Wong would not be re-elected. The Supervisory Board of Gigaset AG, which would consist of four members after a possible reduction in size, would, according to the proposal of Ludic GmbH, be composed of the current members Ms. Barbara Münch, Mr. Rainer Koppitz, Ms. Jenny Pan and Mr. Andreas Tenhofen as a new member.

According to current information, the Executive Board of Gigaset AG still does not assume that Goldin Fund Pte. Ltd. with a voting interest of 72.32 % in Gigaset AG will participate in 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 election 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.

The Executive Board of Gigaset AG is currently reviewing the countermotions and election proposals submitted and will make them available on the Company's website if the 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 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).