01.12.2022 ADVA Optical Networking SE  DE0005103006

EQS-News: ADVA Optical Networking SE: Extraordinary general meeting approves domination and profit and loss transfer agreement and elects supervisory board members


 

EQS-News: ADVA Optical Networking SE / Key word(s): AGM/EGM
ADVA Optical Networking SE: Extraordinary general meeting approves domination and profit and loss transfer agreement and elects supervisory board members

01.12.2022 / 15:52 CET/CEST
The issuer is solely responsible for the content of this announcement.


Extraordinary general meeting approves domination and profit and loss transfer agreement and elects supervisory board members
 

  • Domination and profit and loss transfer agreement approved with over 98% of votes cast
  • Frank Fischer and Eduard Scheiterer elected to the supervisory board by the annual general meeting


Munich, Germany. December 1, 2022. ADVA Optical Networking SE ("ADVA") (FSE: ADV) announced today that at yesterday's extraordinary shareholders' meeting of ADVA the conclusion of the domination and profit and loss transfer agreement ("Agreement") between Adtran Holdings, Inc ("Adtran Holdings") as the controlling company and ADVA as the controlled company was approved with a majority of 98.04% of all voting rights cast.

The agreement provides for an annual compensation payment pursuant to Section 304 of the German Stock Corporation Act (AktG) for all outside shareholders of ADVA in the amount of EUR 0.59 gross per share and full fiscal year of ADVA (at current taxation, this corresponds to EUR 0.52 net). Alternatively, all outside shareholders have the option to transfer their ADVA shares to Adtran Holdings in exchange for cash compensation in the amount of EUR 17.21 pursuant to Section 305 AktG.

The conclusion of the agreement is an important step to deepen the cooperation between ADVA and Adtran Holdings, which started with the conclusion of the Business Combination Agreement on August 30, 2021. The agreement still requires entry in the commercial register of ADVA's registered office to become effective. However, the agreement will become effective at the earliest at the beginning of ADVA's financial year beginning on January 1, 2023.

In addition to the resolution on the approval of the contract, the election of supervisory board members was on the agenda. ADVA's shareholders elected Frank Fischer and Eduard Scheiterer to the supervisory board.

Frank Fischer, attorney and tax advisor in his own law firm, and Eduard Scheiterer, former managing director of ADTRAN GmbH and SVP for research and product development for ADTRAN, Inc., have already been active as court-appointed members of the supervisory board of ADVA Optical Networking SE since September 2022 and October 2022, respectively. Yesterday's annual general shareholders' meeting has now elected them to the supervisory board, following the candidate proposals of the supervisory board.

The elected members succeed Nikos Theodosopoulos and Michael Aquino, who resigned from the company's supervisory board following resignation declarations dated August 4, 2022, and September 24, 2022, respectively.

"We would like to thank the departing supervisory board members for their valuable contributions over the years and wish them all the best for their future," said Johanna Hey, chair of the supervisory board. "At the same time, we look forward to working with the new members, who will enrich the board with their proven expertise and international experience."

 

About ADVA

ADVA is a company founded on innovation and focused on helping our customers succeed. Our technology forms the building blocks of a shared digital future and empowers networks across the globe. We’re continually developing breakthrough hardware and software that leads the networking industry and creates new business opportunities. It’s these open connectivity solutions that enable our customers to deliver the cloud and mobile services that are vital to today’s society and for imagining new tomorrows. Together, we’re building a truly connected and sustainable future. For more information on how we can help you, please visit us at www.adva.com.

 

Published by:

ADVA Optical Networking SE, Munich, Germany

www.adva.com

 

For press:

Gareth Spence

t +44 1904 699 358

[email protected]

 

For investors:

Steven Williams

t +49 89 890 66 59 18

[email protected]



01.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ADVA Optical Networking SE
Märzenquelle 1-3
98617 Meiningen-Dreissigacker
Germany
Phone: +49 89 890 665 0
Fax: +49 89 890 665 199
E-mail: [email protected]
Internet: www.advaoptical.com
ISIN: DE0005103006
WKN: 510300
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1503341

 
End of News EQS News Service

1503341  01.12.2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 514,47 501,98 556,82 564,96 603,32 712,11 613,67
EBITDA1,2 51,27 64,36 74,19 92,53 115,70 21,86 82,09
EBITDA-Marge3 9,97 12,82 13,32 16,38 19,18 3,07
EBIT1,4 4,40 14,99 12,00 27,47 45,30 18,11 13,30
EBIT-Marge5 0,86 2,99 2,16 4,86 7,51 2,54 2,17
Jahresüberschuss1 -0,19 7,05 7,05 20,31 59,22 18,13 -14,51
Netto-Marge6 -0,04 1,40 1,27 3,59 9,82 2,55 -2,36
Cashflow1,7 27,13 60,36 66,89 97,14 123,25 14,84 37,61
Ergebnis je Aktie8 -0,09 0,19 0,14 0,40 1,15 0,35 -0,28
Dividende8 0,00 0,00 0,00 0,00 0,00 0,52 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Adtran Networks
WKN Kurs in € Einschätzung Börsenwert in Mio. €
510300 19,800 Halten 1.030,68
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
41,25 20,20 2,04 68,51
KBV KCV KUV EV/EBITDA
2,73 27,41 1,68 13,07
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,52 0,52 2,63 28.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 06.08.2024 18.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,70% -0,95% -1,00% 0,81%
    
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