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GFT Technologies SE AGM Information 2011

Jun 1, 2011

182_rns_2011-06-01_df915ba0-8f27-47cd-b947-7a4e3f150334.html

AGM Information

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Corporate | 1 June 2011 10:56

GFT Technologies AG: Dr. Paul Lerbinger new Chairman of GFT Supervisory Board

GFT Technologies AG / Key word(s): AGM/EGM/Change of Personnel

01.06.2011 / 10:56

  • Franz Niedermaier hands over office after twelve years

  • GFT Annual General Meeting votes for increased dividend of EUR 0.15 per share

Stuttgart, 1 June 2011 – With effect from 31 May 2011, Dr. Paul Lerbinger is the new Chairman of the Supervisory Board of GFT Technologies AG (GFT). The CEO of HSH Nordbank succeeds Franz Niedermaier, who is stepping down after twelve successful years in office.

At GFT's 12 th Annual General Meeting, Dr. Paul Lerbinger (55) was confirmed as a new member of the Supervisory Board and subsequently voted by its members as their Chairman. Dr. Lerbinger has already been active on the Supervisory Board since January 2011. By appointing an acclaimed financial expert with over 20 years of experience in banking, GFT has underlined its focus on IT solutions for the finance sector.

'I am looking forward to an exciting challenge as a member of GFT's Supervisory Board and intend to continue the successful work of my predecessor,' says Dr. Paul Lerbinger. 'I was delighted to be offered the seat and will put my many years of experience and contacts in the finance sector at the company's disposal.' Until September 2010, Dr. Lerbinger was Deputy Chairman of the Management Board of Citigroup Global Markets Deutschland AG & Co KGaA. Prior to this, he was Head of Equity Capital Markets and Investment Banking Germany at Deutsche Bank AG. In December 2010, Dr. Paul Lerbinger was appointed to the Management Board of HSH Nordbank, effective 1 March 2011, and as its Chief Executive Officer (CEO) as of 1 April 2011.

'I wish Dr. Lerbinger and the entire Supervisory Board every success for the future,' stated the departing Supervisory Board Chairman Franz Niedermaier. He had accompanied GFT as Chairman of the Supervisory Board since the company's IPO in 1999. CEO Ulrich Dietz states: 'As a skilled strategist and adviser, Franz Niedermaier was always on hand to offer support – even in difficult times. We are now delighted to have gained a further valuable addition to the company with such an acclaimed capital market expert as Dr. Lerbinger.' The Annual General Meeting also elected Dr. Andreas Bereczky, Head of Production Directorate at ZDF, to the Supervisory Board. He has accompanied GFT since 2007 as a member of the Advisory Board and will now provide his considerable IT expertise on the Supervisory Board.

The dividend of EUR0.15 per share proposed by the Executive Board and Supervisory Board was adopted by the Annual General Meeting with a majority of 99 percent. 'We want to let our shareholders benefit from the successful development of our company,' says Ulrich Dietz. 'We have therefore raised the dividend from EUR 0.10 to EUR 0.15 per share.'

The actions of the Executive Board and Supervisory Board were approved in both cases with majorities of 88 percent resp. 94 percent. Warth & Klein Grant Thornton GmbH & Co. KG irtschaftsprüfungsgesellschaft, Stuttgart, were once again elected as auditors of the annual financial statements.

A total of 61 percent of GFT's share capital was represented at the Annual General Meeting 2011.

About GFT

The GFT Group, headquartered in Germany, is an international provider of innovative IT solutions and services. Over 20 years of experience makes the company a reliable and strategic IT partner, enabling its clients to optimise their business processes through intelligent IT systems and specialists and to thus sustainably improve their competitive positions.

GFT is among the world's leading IT service providers in the financial services sector. The company combines established technology experience with a wide range of industry expertise, in order to develop, implement and maintain customised IT solutions (Services division).

GFT recruits and places IT freelancers across a range of industries and locations. It also oversees the complete management package for its clients. The basis for this is a worldwide reserve of experts, consisting of over 180,000 freelance IT specialists (Resourcing division).

Ulrich Dietz founded GFT in 1987 and is now CEO of the Group which, in 2010, achieved revenues of around 248 million EUR. It has more than 1,300 employees at locations in seven countries. GFT shares are listed on the Frankfurt Stock Exchange (Prime Standard: WKN 580 060, GEX). For more information please visit www.gft.com

Contact:

Andrea Wlcek

Director of Global Marketing, Media & Investor Relations

GFT Technologies AG

Filderhauptstr. 142

70599 Stuttgart

T +49 711 62042-440

F +49 711 62042-301

[email protected]

End of Corporate News


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Language: English
Company: GFT Technologies AG
Filderhauptstr. 142
70599 Stuttgart
Deutschland
Phone: +49 (0)711/62042-0
Fax: +49 (0)711/62042-301
E-mail: [email protected]
Internet: www.gft.com
ISIN: DE0005800601
WKN: 580060
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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