28.04.2020

Oberhammer, bpv Huegel and DLA Piper at the first virtual shareholders’ meeting

28 April 2020. The law firms Oberhammer Rechtsanwälte, bpv Huegel and DLA Piper, acted with Ewald Oberhammer, Christoph Nauer and Christian Temmel, as independent proxies at the first virtual general meeting of a listed company in the German-speaking countries, together with Wilhelm Rasinger from the Interessensverband der Anleger (IVA).

According to the COVID-19 Company Law Regulation (“COVID-19-GesV”) listed companies may hold their shareholders’  meetings virtually if four independent proxies are appointed. Shareholders were able to submit requests via the proxies at the general meeting of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft, the first virtual shareholders’ meeting in the German-speaking countries. The shareholders’ meeting was streamed live on the Internet, and shareholders were able to ask questions to the Management Board before and during the meeting. Shareholders were also entitled to change their instructions to the proxies during the shareholders.

SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft is listed on the Vienna Stock Exchange in the prime market segment. The shareholders’ meeting took place last week on 16 April 2020.

Ewald Oberhammer (Oberhammer Rechtsanwälte), Christoph Nauer (bpv Huegel) and Christian Temmel (DLA Piper Weiss-Tessbach) are of one opinion that this way of holding shareholders’ meetings has proven as good practice and that in the future, also after the end of the current COVID-19 restrictions, virtual shareholders’ meetings could be held more often.

Press Release