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De Raj Group AG (AT)

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DGAP-News News vom 24.07.2018

De Raj Group AG: Annual General Meeting agrees to the resolution proposals on the agenda by unanimous vote

DGAP-News: De Raj Group AG / Key word(s): AGM/EGM/Change of Personnel

24.07.2018 / 21:54
The issuer is solely responsible for the content of this announcement.

Annual General Meeting of De Raj Group AG agrees to the resolution proposals on the agenda by unanimous vote

Cologne, 27 July 2018:
At today's Annual General Meeting, shareholders of De Raj Group AG, Cologne (ISIN: DE000A2GSWR1, Vienna Stock Exchange), agreed to the resolution proposals for the items on the agenda by unanimous vote respectively.

The shareholders formally approved the actions of the Management Board and the Supervisory Board (SVB) and gave their support to the acting members of the Supervisory Board by reelecting them for the next five years. As a new and fourth member, Mr. Devarajah C. Navaratnam was also elected to the Supervisory Board for the next five years. bdp Revision und Treuhand GmbH Wirtschaftsprüfungsgesellschaft, Berlin, was appointed auditor and Group auditor for fiscal year 2018 as well as auditor for the review of the interim financial reports for fiscal years 2018 and 2019.

The Annual General Meeting (AGM) was held this morning in Cologne and, simultaneously, in Kuala Lumpur, Malaysia, by way of a live video conference. Following todays' AGM Alexander De Raj was elected as Chairman and Renata De Raj was elected as Vice-Chairman of the SVB by unanimous vote respectively at the constituent meeting of the "newly elected" Supervisory Board.

The audited Consolidated Financial Statement 2017 including the notes, a short report for the year, as well as the complete Q1/3M 2018 Interim Statement are available and could be downloaded at

About the De Raj Group:
The De Raj Group AG is listed in the market segment "Standard Market Auction" on the EU-regulated market (Amtlicher Handel) of the Vienna Stock Exchange (Wiener Börse) since Feb. 8th, 2018. The shares are also listed since March 23rd, 2018 at the Open Market in Frankfurt / Main and at XETRA of Deutsche Börse AG.

The De Raj Group is strong in the Oil & Gas sector and Power Generation sector, where it owns and operates strategic equipment/facilities in both of these sectors which are provided on mid- to long-term lease to the market. In the Power sector, it is involved in both conventional power gene-ration and CHP (Combined Heat and Power) generation. The Group owns a diversified portfolio of contracted renewable and conventional power generation assets in Europe and is embarking on an international expansion plan in the Middle East and the Asia Pacific region.

The Oil & Gas division of the Group provides specialist services supported by IP patents for the full spectrum of the upstream Oil & Gas supply chain, particularly in the South East Asian region. The Group owns a diversified portfolio of assets comprising jack-up rigs and topside equipment. These jack-up rigs, with the readily available equipment can be modified quickly to suit client requirements for offshore facilities in the development of marginal fields, including as well enhancement of production in producing fields. This supports very well Oil companies desire for early monetisation of hydrocarbon with cost effective solutions.

For further information:
De Raj Group AG
Investor Relations
Jörg Peters
Phone: +49 6171 919 24 40

Issuer: De Raj Group AG
Christophstr. 15-17
D-50670 Cologne
Phone: +49 221 299 85 07
FAX: +49 221 299 85 08
Stock market: Vienna Stock Exchange, Standard Market Auction
Deutsche Börse, XETRA and Open Market
Index: WBI Wiener Börse Index (All Share Index Vienna Stock Exchange)
Language: English

24.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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