Fox E-mobility AG Announces 2025 Shareholders Meeting and Key Resolutions

Fox E-mobility AG has scheduled a Shareholders Meeting on January 31, 2025, in Düsseldorf. The agenda includes the presentation of the financial statements for 2022, and resolutions for the discharge of the Executive and Supervisory Boards. Proposed changes involve reducing Supervisory Board terms and compensation structures.

Three board positions are up for election, alongside the auditor appointment. The meeting will address the loss of half of the company's share capital. It proposes a capital reduction to offset losses, with a merger of shares at a 100:1 ratio, and issuing 10 option rights per new share.

Further agenda items include adjusting the Conditional Capital 2021/II, limiting board authorization for share issuance, and a capital increase of €10 million. This increase involves issuing warrants linked to new shares, with implementation by autumn 2025.