voestalpine AG hereby announces that a shareholder has filed an action for rescission of the resolution adopted at the Annual General Meeting of voestalpine AG on July 3, 2019 electing Dr. Wolfgang Eder to the Supervisory Board of voestalpine AG.
In the opinion of voestalpine AG, all eight Supervisory Board members were lawfully elected. All members of the Supervisory Board elected on July 3, 2019, meanwhile are recorded in the Commercial Register. At the present time, the action for rescission has no effect on the composition of the Supervisory Board, which consists of eight shareholder representatives and four employee representatives (see Supervisory Board voestalpine AG).
In its business segments, voestalpine is a globally leading technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections. In the business year 2018/19, the Group generated revenue of EUR 13.6 billion, with an operating result (EBITDA) of EUR 1.6 billion; it had just under 52,000 employees worldwide.