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Malmendier und Hellriegel Rechtsanwälte: GM of Pearl Gold AG exchanges members of Board

GM withdrew confidence from the Management Board of the Company and appoints special auditor

Berlin (pta026/01.07.2016/18:25 UTC+2) On Wednesday, June 29, 2016, the General Meeting of Pearl Gold AG (ISIN: DE000A0AFGF3 - WKN: A0AFGF) revoked all members of the Supervisory Board (i.e. Mr. Robert Francis Goninon, Mr. Konstantin von Klitzing, Mr. Pierre Roux, Mr. Roy Darius Maybud, Mr. Chris Simon Ainsworth, and Mr. Alireza Mahdavi). Six new members of the Supervisory Board (i.e. Mr. Christian Naville, Mr. Louis Couriol, Mr. Mamadou Ifra Diakité, Dr. Amadou Baba Sy, Mr. Gregor Hubler, and Mr. Robert G. Faissal) were elected. Their appointment is until the end of the General Meeting, which decides on the discharge of the members of the Supervisory Board for the financial year 2019.

The General Meeting withdrew confidence from the Management Board of the Company (i.e. Mr. Michael Reza Pacha).

A special auditor was appointed (a) to assess the actions that led to judgments forcing the company to pay c. EUR 37.67 million of damages, (b) investigation of the circumstances under which the company supposedly lost half its nominal capital, and (c) to prepare damage claims against the members of the Management Board and of the Supervisory Board of the Company.

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Emitter: Malmendier und Hellriegel Rechtsanwälte
Kurfürstendamm 213
10719 Berlin
Germany
Contact Person: Dr. Jörg Schendel
Phone: +49 5900304-0
E-Mail: schendel@malmendier-partners.com
Website: www.malmendier-partners.com
ISIN(s): - (Other)
Stock Exchange(s): -
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