Esmertec(TM) (SWX: ESMN), a leading provider of
world-class software solutions and services for the telecommunication,
interactive multimedia and consumer electronics markets, announces
today that shareholders approved all proposals put forward at its
first Annual General Meeting (AGM). 33 shareholders participated at
the AGM, representing 72.41% of the voting share.
Esmertec's shareholders accepted the 2005 annual report and the
Group and Parent Company Accounts for the Financial Year 2005. They
granted discharge to the members of the Board of Directors and the
Executive Management for the financial year 2005. Shareholders also
voted that the board members, Hans-Ulrich Muller, Roland Manger and
Jean Schmitt, are re-elected to the Board of Directors for one year.
KPMG Klynveld Peat Marwich Goerdeler SA was also re-elected for a
further year as the Company's statutory and group auditors.
The increase in conditional share capital was also approved to
enable the Company to grant stock options to employees, board members,
and members of the advisory board, as well as to have a sufficient
number of shares transferable for the conversion of convertible notes.
Shareholders have also approved the increase in authorized share
capital to provide the Board the flexibility to create shares at short
notice for acquisitions or partnerships, if needed.
Jean-Claude Martinez, CEO of Esmertec, and Deborah Choate, CFO of
Esmertec also provided at the AGM a review of the key events and
challenges the Company faced in 2005 and in the first months of 2006
as well as an overview of the strategy going forward.
Esmertec is a trademark of Esmertec AG.
About Esmertec
Esmertec is a leading provider of world-class software solutions
and services for telecommunication, interactive multimedia, and
consumer electronics markets. Engineered for smallness and mass
consumption, Esmertec's wireless Java ME solutions, mobile
applications and object-oriented software platform (OSVM(TM)) are
developed to extract maximum performance from hardware environments.
Esmertec Cellicium's premier mobile browsing solutions, applications
and services are designed to bring interactive mobile services to
mobile operators. Founded in 1999, Esmertec is a global company
headquartered in Zurich-Switzerland with subsidiaries located in
China, Denmark, France, Japan, South Korea, the UK and the USA, and
representative offices in Taiwan and South Korea.
www.esmertec.com
