Intershop Communications AG | Ad Hoc Announcement |
Intershop minority shareholders demand earlier general meeting
Jena, January 25, 2007 – Intershop Communications AG (Prime Standard: ISH2) today announced that a minority shareholders’ group with a joint stakeholding of 6.98 % demanded to prepone the annual general meeting and, if not, to summon an extraordinary meeting. The company is currently evaluating this demand.
The minority shareholders, in detail, demand to resolve, as part of the next meeting’s agenda, on changes in the supervisory board as well as on special audits on certain contracts. The time of office of all supervisory board members regularly expires at end of the next ordinary general meeting.
Dr. Juergen Schoettler, Intershop’s CEO, commented that the company is willing to have discussions with this shareholder minority group and that he is confident to solve all issues raised with the company’s shareholders until the next general meeting.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.