A rePort: How is a head- liner actually produced? friedrich ... - polytec

50
newly acquired AUDI B8 luggage compartment project. In the fi eld
of new materials, the usage opportunities of green fl ax has been
researched. For the cylinder head covers used in motors, intensive
work is being carried out to further develop the oil separation.
POLYTEC GROUP used approx. 3% of its consolidated sales for
research and development costs.
6. Risk Report and Financial Instruments
For details on the risk report, please refer to the explanatory notes
under E 4, for information on the derivative fi nancial instruments
applied by the Group, please refer to the explanatory notes under
C 15 in the Notes.
7. Information in accordance with § 243a
of the Austrian Company Code (UGB)
POLYTEC HOLDING AG’s share capital is divided in 22,329,585
registered shares having a nominal value of EUR 1.00 each. No
other share classes exist. Any and all shares are admitted for trading
in the Prime Market segment at Vienna stock exchange.
The only shareholder holding a participation of more than 10.0% in
the Group’s share capital is Huemer Holding GmbH. Huemer Holding
GmbH is an associated company of IMC Verwaltungsgesellschaft
mbH, which holds shares in POLYTEC HOLDING AG itself.
In total, the participation of both companies amounts to approx.
32% in the Group’s share capital. POLYTEC GROUP’s CEO, Ing.
Friedrich Huemer, is sole owner of the shares in IMC Verwaltungsgesellschaft
mbH and managing director of both companies with
authorisation to represent these companies alone.
At the time of preparation of the Consolidated Financial Statement,
transfer restrictions of shares concluded by shareholders
in the course of the IPO of the company remain in effect (lock-up
period). The relating obligations will end 12 months after the closing
of such IPO, i.e. on May 2, 2007 and relate to 8,941,187 shares
(40.0% of the share capital).
Furthermore, Huemer Holding GmbH is entitled to acquire 193,300
shares from Invest Unternehmensbeteiligungs Aktiengesellschaft
(call option). This option may be exercised up to three months
after the end of the lock-up period.
No further restrictions regarding the transfer of shares and no
other restrictions regarding the exercise of the voting right are
known to the Board of Directors. No owners of shares have special
control rights.
POLYTEC
ANNUAL REPORT 2006
MANAGEMENT
REPORT
For information on the Board of Director’s opportunity to issue
shares, please refer to the explanatory notes on authorised capital
in the Notes.
No important agreements exist which might be affected by a
change of control and no compensation agreements exist between
the company and its bodies or employees in case of a public takeover
offer.
8. Important Post-Balance Sheet Events
Any events occurring after the balance sheet date having a material
impact on the assessment of assets and liabilities are either
taken into account in the present Financial Statements or are
unknown.
Hörsching, March 9, 2007
BOARD OF DIRECTORS
Friedrich Huemer
Chairman of the Management Board
Karl Heinz Solly
Deputy Chairman of the Management Board
Reinhard Urmann
Member of the Management Board
Alfred Kollros
Member of the Management Board