AGM Information • Apr 23, 2009
AGM Information
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Venlo, The Netherlands, 23 April 2009 ─ OcÈ, an international leader in digital document management, announces that Frank de Wit, having served the maximum permissible term of office, will resign as a member of the Board of Supervisory Directors at todayís Annual General Meeting of Shareholders (AGM) of OcÈ N.V.
On 9 April 2009, OcÈ announced that Rudi De Becker has been nominated as a member of the Board of Supervisory Directors. An Extraordinary General Meeting of Shareholders will be held at a later moment in time related to the appointment of Mr. De Becker.
At the AGM, Jan Dix (63) will step down as a member of the Board of Executive Directors having reached retirement age. The tasks and responsibilities of Mr. Dix will be shared among his colleagues on the Board of Executive Directors.
As earlier announced, in his presentation to the AGM this afternoon, Rokus van Iperen, Chairman of the Board of Executive Directors, will provide an update to the companyís strategic outlook. He will present that OcÈ will continue to run a parallel track. First, OcÈ will continue to firmly execute its current strategic plan, including an effective action program to mitigate the impact of the economic and market downturn. Second, OcÈ continues to explore all realistic options to improve economies of scale, without excluding strategic alternatives, if beneficial for OcÈ and all stakeholders.
In recent years, OcÈ has already taken various initiatives to improve the scale of its operations. Examples of these initiatives are the acquisition of Imagistics and various partnerships, including a strategic alliance with Konica Minolta.
In full 2008 and first quarter 2009, OcÈ has been able to mitigate the impact of the economic downturn due to its business model, balance sheet improvements and timely launched cost reduction programs. During that period OcÈ has strengthened its competitive position in key market segments.
The company has reduced its headcount with over 1,250 FTEs and decreased its costs with Ä 114 million. As a consequence, the implementation of the 2008/2009 cost reduction program (in totalÄ 160 million) is ahead of schedule.
On 2 April 2009, OcÈ announced additional cost savings, containing further phased restructuring of 250 FTEs in its supply center in Poing, Southern Germany. On top of that, OcÈ is preparing additional cost reductions in other areas of the company.
OcÈ N.V. 23 April 2009
OcÈ N.V. P.O. Box 101, 5900 MA Venlo, the Netherlands Telephone # 31 77 359 2240 OcÈ investor information on Internet: http://www.investor.oce.com
OcÈ is one of the world's leading providers of document management and printing for professionals. The broad OcÈ offering includes office printing and copying systems, high speed digital production printers and wide format printing systems for both technical documentation and color display graphics. OcÈ is also a foremost supplier of document management outsourcing. Many ofthe worldís Fortune 500 companies and leading commercial printers are OcÈ customers. The company was founded in 1877. With headquarters in Venlo, the Netherlands, OcÈ is active in around 100 countries and employs some 23,000 people worldwide. Total revenues in 2008 amounted to Ä 2.9 billion. OcÈ is listed on Euronext in Amsterdam. For more information on OcÈ, visit www.oce.com.
For more information:
Investor Relations: Media Relations: Carlo Schaeken Jan Hol E-mail [email protected] E-mail [email protected]
Vice President Investor Relations Senior Vice President Communications Telephone +31 (0)77 359 2240 Telephone +31 (0)77 359 2000
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