Extraordinary general meeting of Creditshelf AG: Changes to the Supervisory Board and special auditor election

Extraordinary general meeting of Creditshelf AG: Changes to the Supervisory Board and special auditor election

The Creditshelf Aktiengesellschaft, based in Frankfurt am Main, is planning an extraordinary general meeting on October 11, 2024. The meeting will take place at 10:00 a.m. CEST in the business premises of the law firm Arnecke Sibeth Dabelstein. The reason for the convening of this general meeting was justified by PVM Private Values Media AG, which, according to a decision by the Frankfurt am Main District Court, was authorized to do so.

This meeting is of particular importance for the shareholders of Creditshelf Aktiengesellschaft, since several decisive points are on the agenda. Among other things, the dismissal of the currently incumbent supervisory board members Rolf Hentschel, Julia Heraeus-Rinnert, Prof. Dr. Dirk Schiereck and Britta Becker for discussion. PVM Private Values Media AG proposes to recall these members with effect at the end of the Annual General Meeting.

changes to the supervisory board

Another central point concerns the planned reduction in the number of members of the supervisory board from five to three. This regulatory change would require an adjustment of the statutes. PVM Private Values Media AG has already submitted a corresponding proposal to the new version of Paragraph 8.1 of the statutes, which stipulates that the Supervisory Board consists of three members in the future.

If the general meeting of the dismissal of the members and the reduction in the number of members of the supervisory board agrees, new members must also be elected. Three candidates were proposed: Rolf Hentschel, Sascha Magsamen and Sandra Münstermann. Mr. Hentschel has already worked on several supervisory boards, including at the HGV Hamburg Society for Vermögens- und Bestrung Management mbH. Mr. Magsamen practices a leadership role in PVM Private Values Media AG, while Ms. Münstermann at DZ Bank AG is responsible for international customer management.

Another important aspect of the agenda concerns the appointment of a special auditor, which is intended to examine processes related to the protective shield procedure and the bankruptcy proceedings and the sale of business to Teylor AG. PVM Private Values Media AG suggests that the examiner Reiner Merthan, an experienced tax consultant and auditor from Munich, is commissioned. Among other things, possible duty of duty of duty of duty of the board and supervisory board members.

In addition, a special test of business relationships with the Obotritia Capital KGAA is sought. The focus here is on possible disadvantageous influences and the violation of diligent duties by the members of the management bodies. These points are of considerable interest because they concern transparency and corporate governance within the Credithelf Aktiengesellschaft.

Details on the Annual General Meeting

A registration is required for participation in the general meeting. The shareholders must confirm their participation by October 4, 2024, midnight CET. Evidence of the ownership of the stock is also necessary in order to ensure the authorization for voting. This measure is intended to ensure that only legitimate shareholders can take part in the vote.

The general meeting also has specific regulations on voting by authorized representatives. Shareholders can cede their voting rights to third parties, whereby the power of attorney must be issued in text form. It is recommended to take care of the necessary powers in good time, to ensure a smooth process during the assembly.

In the reporting period, the Credithelf Aktiengesellschaft came across a capital of around 1.4 million euros, distributed to 1,395,961 shares. This illustrates the stability of society and the relevance of the upcoming resolutions that are made by the general meeting. Shareholders have the right to object to the proposals and to submit their own election proposals.

The results and discussions of this general meeting will not only influence the internal structures of the Credithelf Aktiengesellschaft, but will also determine their future strategic orientation. The focus on transparency and governance is emphasized separately, especially with regard to the special exams mentioned. This could strengthen the trust of shareholders in the long term and improve corporate management.