Rieter

A leading global supplier for textile machinery and components used in short-staple fiber spinning

A leading global supplier for textile machinery and components used in short-staple fiber spinning

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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04/28/2010 - Rieter shareholders adopted all motions at the Annual General Meeting

At Rieter Holding Ltd.’s Annual General Meeting today, shareholders approved all of the proposals put forward by the Board of Directors. They re-elected Dr. Dieter Spälti to the board for a further three-year term of office.

The 119th Annual General Meeting of Rieter Holding Ltd. was attended by 725 shareholders. They adopted all motions proposed by the Board of Directors and formally approved the annual report, the annual accounts, the consolidated financial statements for 2009 and the actions of the Board of Directors and the Group Executive Committee in the 2009 financial year. The shareholders have re-elected Dr. Dieter Spälti to the board for a further three-year term of office.

 

In the context of his comments Executive Chairman Erwin Stoller confirmed: “By virtue of the leading positions occupied by both divisions, Rieter has been participating in the recovery of the textile machinery and automotive markets since mid-2009 and has recorded a distinct revival in volumes. Therefore Rieter remains confident of achieving the turnaround in 2010 and positive operating results in 2011.”

For further information please contact:

 

 

Rieter Holding Ltd.
Investor Relations
Urs Leinhäuser

Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
 investor@rieter.com

 

Rieter Management Ltd.
Media Relations
Peter Grädel
Corporate Communications
T +41 52 208 70 12
F +41 52 208 72 73
 media@rieter.com