IVU Traffic Technologies AG — AGM Information 2004

Apr 16, 2004

News Details

Ad-hoc | 16 April 2004 08:30

IVU Traffic Technologies AG: General Meeting 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– IVU Traffic Technologies AG: General Meeting 2004 IVU announces that more than half of the company’s capital stock has been used up by accumulated loss New members of supervisory board IVU Traffic Technologies AG invites its shareholders to the annual general meeting on 2 June 2004 at 11 a.m. at the Möwenpick Hotel, Schöneberger Str. 3, Berlin. As already reported in the adhoc release of 12 March on the occasion of publishing the annual report 2003 IVU is going to explain at the general meeting that more than half of the capital stock has been used up by accumulated loss by the end of first quarter 2004. It is anticipated that this will also be the case until the end of financial year 2004. This announcement following § 92.1 of German Stock Companies Act (AktG) complies with the company’s 2004 business plan. Special corporate actions are not planned; the equity capital situation is to be improved sufficiently by good management. As all members of the supervisory board are going to resign from their office, both management and supervisory board propose to downsize the supervisory board to three members. The supervisory board proposes as new members of the board: Dr. Heinrich Ganseforth, chairman of üstra Hannoversche Verkehrsbetriebe AG, Klaus-Gerd Kleversaat, chairman of Consors Capital Bank AG, Berlin and Hans G. Kloß, managing director of BEROMAT Con-sulting GmbH, Berlin. The complete invitation to the general meeting can be downloaded from http://www.ivu.de . Contact: Gerd Henghuber Head of Corporate Communications IVU Traffic Technologies AG Bundesallee 88, 12161 Berlin Tel. +49.30.85906-800 Fax +49.30.85906-111 E-Mail: gerd.henghuber@ivu.de IVU Traffic Technologies AG is a leading supplier of IT systems for planning, operating and optimising transport and logistics processes. Over 25 years of experience developing hardware and software systems for more than 300 public transport companies has also made IVU the market leader for IT solutions in other segments: monitoring truck fleets, setting up retail networks in geo- marketing, election processing. This is IVU’s approach to transportation and beyond. end of ad-hoc-announcement (c)DGAP 16.04.2004 ——————————————————————————– WKN: 744850; ISIN: DE0007448508; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hannover, München und Stuttgart 160830 Apr 04