Extraordinary General Meeting

Berlin, 08/02/2020 

The shareholder Obotritia Capital KGaA, represented by the personally liable general partner Rolf Elgeti, which holds a stake of ca. 20.71% in Francotyp-Postalia Holding AG, has informed the Management Board in writing that it requests an Extraordinary General Meeting to be convened. According to the request, the following agenda topic shall be addressed for resolution: "Resignation of Mr Günther from the Management Board - Mr Günther is to resign from the Management Board prematurely as the Annual General Meeting has withdrawn its confidence in him". The Executive Board is currently reviewing this request with its legal advisors.

Under the German Stock Corporation Act, the Annual General Meeting has no authority to appoint or dismiss members of the Management Board. To date, no resolution has been passed on a non-confidence-vote. Consequently, the Management Board currently understands the request to mean that the shareholder wishes to bring forward a non-confidence-vote by this request and that this should be the subject of the Extraordinary General Meeting.

The Management Board is of the opinion that, in the interests of the Company, the expense of an additional General Meeting should be avoided if possible. It will therefore examine whether the Ordinary General Meeting, originally scheduled for June 17, 2020, can be held at an earlier date.