Feintool International Holding AG / Feintool Annual General Meeting 2016: Shareholders approve all proposals - new Board member elected and capital increased . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Shareholders approved all proposals at the Annual General Meeting of Feintool International Holding AG held on April 19, 2016. The current Directors were all re-elected for a further one-year term of office, and Dr. Rolf-Dieter Kempis was elected as an additional member of the Board.

Shareholders approved the 2015 Annual Report and financial statements at the Annual General Meeting of Feintool International Holding AG held on April 19, 2016. The proposed dividend distribution of CHF 1.50 per registered share was also accepted.

The Meeting also re-elected all six members of the Board of Directors. Alexander von Witzleben and Dr. Michael Soormann were re-elected as Chairman and Vice-Chairman of the Board of Directors respectively for a further year. Dr. Rolf-Dieter Kempis was elected as a new member of the Board.

Board members confirmed in their positions
The Audit Committee is made up of Dr. Kurt E. Stirnemann (Chair), Alexander von Witzleben, Wolfgang Feil and Dr. Michael Soormann. The Compensation and Nomination Committee comprises Dr. Michael Soormann (Chair), Alexander von Witzleben and Wolfgang Feil. Thomas A. Erb, Dr. Thomas Muhr and Dr. Rolf-Dieter Kempis are further members of the Board.

Owing to an approved increase in share capital, the Articles of Association of Feintool International Holding AG have been amended accordingly. These can be viewed on the company's website at: http://www.feintool.com/en/company/corporate-governance/principles/.

Short profile
Founded in 1959, this technology company is a world leader in the development of fineblanking systems and in the production of pre-finished fineblanked and formed components for demanding industries, particularly the automotive industry. Feintool maintains a close working relationship with its customers throughout the entire fineblanking process - from component and tool design, to system engineering and large-scale component production.
With its combination of fineblanking and non-cutting forming, Feintool is the only full-service provider for the efficient production of complex precision components in large quantities. Feintool's processes support the current automotive trends toward lighter vehicles, improved transmissions and module types. As a driver of innovation, Feintool consistently pushes the boundaries of fineblanking.
With locations in Europe, Japan, China and the US, Feintool is represented in the most important automotive markets in the world. Headquartered in Lyss, Switzerland, Feintool achieves revenues of roughly half a billion Swiss francs and employs around 2,000 people. Feintool trains about 80 young people at its various locations, as tool mechanics, engineers, mechatronics and other professions, thus ensuring that its ranks can be replenished with in-house talent.

Feintool International Holding AG
Industriering 8
3250 Lyss
Switzerland

Media spokesperson

Karin Labhart
Phone +41 (0)32 387 51 57
Mobile +41 (0)79 609 22 02
karin.labhart@feintool.com
www.feintool.com

The press release can be downloaded from the following link:

Press Release (PDF)


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Source: Feintool International Holding AG via Globenewswire
HUG#2004829

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Feintool International Holding AG
Industriering 8 Lyss Switzerland

ISIN: CH0009320091;