SPORTTOTAL AG: wide approval at the Annual General Meeting for the chosen path

- Annual General Meeting approves proposals by a large majority

- Jean Fuchs elected as a new member of the Supervisory Board

- Sights set on international expansion
 

Cologne, 16 May 2019. The Annual General Meeting of SPORTTOTAL AG has given the Management Board and the Supervisory Board a vote of confidence by a large majority for the chosen path. All the proposals of management were adopted by a large majority of the voting capital present. At the regular election of the Supervisory Board, Dr. Michael Kern and Jens Reidel were relected for a further term of office. Jean Fuchs, member of the Management Board of Luxembourg-based Fuchs & Associés Finance S.A., was newly elected to the Supervisory Board. By approving new Authorized Capital of EUR9.95 million, the Annual General Meeting has given the company full flexibility and scope for action. At the same time, CEO Peter Lauterbach emphasized that sporttotal.tv's international expansion is to take place on the basis of borrowed capital.

"The voting results are evidence of the huge trust of our shareholders," says Peter Lauterbach, CEO of SPORTTOTAL AG. "They affirmed our chosen path to growth, with a strong focus on the scalable digital business that we intend to roll out in the international arena."

Wide approval
The Annual General Meeting gave the Management Board and the Supervisory Board a vote of confidence. The Management Board was discharged with a vote of 99,99%, the Supervisory Board with a vote of 89.86%. The existing remuneration system was also approved by 86.66% of the voting capital present. Kurt Heller GmbH, a company of business and tax consultants based in Cologne, was selected as the auditor for the annual financial statements and the consolidated financial statements for the fiscal year 2019.

Supervisory Board newly elected
The Supervisory Board was newly elected by the Annual General Meeting, as scheduled. Dr. Michael Kern, previously Chairman of SPORTTOTAL AG's Supervisory Board, and Jens Reidel were elected as members of the Supervisory Board by a large majority of 99.99% each. Jean Fuchs, member of the Management Board of Luxembourg-based Fuchs & Associés Finance S.A., was elected as a new member by 90.93% of the voting capital present.

About SPORTTOTAL AG
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with video platforms and communities (DIGITAL), in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. SPORTTOTAL AG's service portfolio also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC TOTAL 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull and VW and organises high-calibre live events such as the Porsche Experience.

For more information: www.sporttotal.com
 

SPORTTOTAL AG

Am Coloneum 2
50829 Cologne
Germany
www.sporttotal.com
Tel: +49 (0)221_7 88 77_0
Fax: +49 (0)221_7 88 77_ 199
[email protected]

Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel: +49 (0)177_7 21 57 60
[email protected]