creditshelf AG: first ordinary annual general meeting following successful IPO
Frankfurt am Main, Germany, 14 May 2019 – creditshelf Aktiengesellschaft, a pioneer in digital financing for small and medium-sized enterprises (SMEs) in Germany, today held its first annual general meeting in Frankfurt am Main following its IPO in July 2018. 52.16 % of share capital was represented at the event. Motions for all agenda items were approved by a large majority.
The management board reported in detail on creditshelf’s operational and strategic development in fiscal 2018. Management also provided an outlook on future strategy and the current fiscal year, 2019. Management board and the supervisory board were discharged by a large majority for fiscal 2018. Warth & Klein Grant Thornton AG, Frankfurt, were appointed auditors for fiscal 2019.
Dr. Tim Thabe, creditshelf CEO, commented: “The focus of fiscal 2018 was on preparations for the successful initial public offering in Frankfurt stock exchange’s Prime Standard segment on 25 July 2018. This has laid the foundations for further growth. In 2018, we continued our positive business development: we strengthened our second tier of management, raised our staff headcount, and significantly increased the volume of arranged loans to 50.7 million euros while almost doubling revenues to 2.4 million euros in comparison to 2017. We are very pleased that our shareholders have expressed their confidence in us at our first general annual meeting.”
Details of voting results for all agenda items will be published without delay on the following microsite: https://ir.creditshelf.com/websites/creditshelf/English/5500/annual-general-meeting.html