3W Power Holdings SA (Euronext Amsterdam: 3WP), the holding company of AEG Power Solutions, today announces that all of the resolutions proposed to shareholders at its Extraordinary General Meeting of 14 December 2010, have been adopted.
The shareholders notably:
1. Changed the date of the Annual General Meeting to May 19, 2011
2. Amended the classes of shares of the company to create a single class as provided in the share purchase agreement of 10 September 2009
Shareholders rights have not been modified and the total number of shares remains the same. All shares of the company are now ordinary shares.
About 3W Power Holdings S.A.
3W Power Holdings S.A. is the holding company of AEG Power Solutions Group. Shares and Warrants in the company are admitted to trading on NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively). Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker symbol: 3W9).
AEG Power Solutions is a world-leading provider of premium power electronics. It offers one of the world’s most comprehensive product and service portfolios in power conversion and control, for customers spanning the infrastructure markets of energy, telecom, lighting, transportation and general industrial sectors. System solutions from AEG PS are designed to interface with the electrical power grid and to offer power solutions for mission-critical applications in harsh environments, such as power plants, offshore oil rigs, chemical refineries, and utility-scale renewable energy plants. The company has developed a full range of products for the solar energy industry, from solar inverters to turnkey solutions and is investing in solutions that will enable distributed power generation and smart micro-grids.
Renowned for engineering excellence, the company’s customers benefit from 60 years of expertise and field-proven products under the AEG PS and Harmer & Simmons brands.
AEG PS generated revenue of €400 million in 2009 with more than 1,500 employees around the world. 3W Power Holdings, formerly Germany1 Acquisition Ltd., acquired AEG Power Solutions Group in 2009 to form the combined entity.
