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17.02.2010
Can Can Lingerie Holding AG nominates new Director and sets date for AGM
Can Can Lingerie Holding AG nominates new Director and sets date for AGM
Sydney, 17th February 2010 - Can Can Lingerie Holding AG (ISIN: CH0044678180 / symbol: CCH) wishes to advise the following:
Pascal P. Niedermann, a founding partner of The Maestro Group, a New York-based strategic management advisory firm, has agreed to become a Director of Can Can Lingerie Holding AG at the upcoming AGM. He is replacing Dr. Martin Grossmann who has left the company due to personal reasons.
Pascal Niedermann has 20-years of international expertise in the Financial Services, Investment and Strategic Policy Making industry and has specialized in developing and implementing effective solutions for companies in need of strategic positioning and capital funding in order to grow in international markets. The Maestro Group provides access to capital for small to medium-sized businesses in a variety of industries. See more at www.themaestrogroup.com.
Before co-founding The Maestro Group in 2005, Pascal was a member of the international trade team of the U.S. Senate Finance Committee as a European policy advisor. Prior to that, Pascal worked for 13 years for UBS Financial Services in Zurich and New York (www.ubs.com). He specialized in marketing and business development in the high net worth division of UBS Wealth Management in Europe, North and Latin America for the world’s biggest asset manager. Pascal has trained and coached hundreds of senior private bankers on three continents in new client acquisitions and sales.
CCH has set Friday the 26th of March 2010 as the date for holding the company's AGM. The AGM will consist of the normal regulatory announcements including the adopting of accounts plus several resolutions including:
- That approval be given for CCH to increase its capital with the issue of 80,000,000 fully paid shares, which are to be issued in accordance with the share sale agreement to the ALF Group shareholders who have disposed of 50% of their interest in the ALF Group Pte Ltd
- That approval be given to make a significant change to the nature and scale of the business activities of CCH.
- That CCH change its name to ALF Group Holdings AG
- That Mr Michael Pakula having retired as a Director at this meeting, and being eligible offers himself for re election as a director and Chairman
- That Mr Pascal Niedermann, a Swiss national having put forward his nomination be elected as a Director
- That Ms Cathrine Byrnes, a Swedish citizen, now residing in Australia having put forward her nomination be elected as a Director
- That CCH adopt a compliance plan and corporate governance statement as may be required to allow the company to comply with the mandatory requirements for a company that wishes to list on the General Market Standard of the Frankfurt Stock Exchange
The above resolutions have been approved by the Board and the incoming largest shareholders. These resolutions are subject to minor change so as to be compliant with Swiss law and Frankfurt Stock Exchange listing rules.
Subject to the shareholders approving the increase in share capital, the ALF Group will play a major role in the direction and growth of what will be known as ALF Group Holdings AG.
Mr Michael Pakula, Director of CCH, said, "At the time of entering into the heads of agreement the ALF Group had a 3 million AUD EBIT for 2010. At that time, due diligence revealed that ALF had a substantial list of qualified funding deals, but as these were not executed agreements they were not included in projected EBIT. Since execution of the heads of agreement, ALF Group has executed funding agreements that should result in a 2010 EBIT of approximately 14 million AUD. Based on our due diligence we support the projection of 20 million AUD EBIT for 2011.”
About CCH
Can Can Lingerie Holding AG develops, acquires or invests in innovative companies operating or expanding internationally. We leverage our expertise in international operations and expansions with a focus on emerging markets and China, as we believe emerging markets provide an excellent environment for growth. We also believe innovative companies provide opportunity for growth in all international markets. By developing and partnering with innovative companies and taking advantage of the benefits of operating in emerging markets we maximize growth potential.
For further information please contact:
Can Can Lingerie Holding AG
77-79 Anzac Parade
Kensington,
Sydney, NSW, 2033
Australia
Tel.: +61 2 9663 2842
Website: www.cancanholdings.com
eMail: info@cancanholdings.com
public eye CONSULTING BUSCHE
Karsten Busche
Managing Director
Tel.: +49 30 43 05 89 22
eMail: info@publiceye-consulting.com
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Sydney, 17th February 2010 - Can Can Lingerie Holding AG (ISIN: CH0044678180 / symbol: CCH) wishes to advise the following:
Pascal P. Niedermann, a founding partner of The Maestro Group, a New York-based strategic management advisory firm, has agreed to become a Director of Can Can Lingerie Holding AG at the upcoming AGM. He is replacing Dr. Martin Grossmann who has left the company due to personal reasons.
Pascal Niedermann has 20-years of international expertise in the Financial Services, Investment and Strategic Policy Making industry and has specialized in developing and implementing effective solutions for companies in need of strategic positioning and capital funding in order to grow in international markets. The Maestro Group provides access to capital for small to medium-sized businesses in a variety of industries. See more at www.themaestrogroup.com.
Before co-founding The Maestro Group in 2005, Pascal was a member of the international trade team of the U.S. Senate Finance Committee as a European policy advisor. Prior to that, Pascal worked for 13 years for UBS Financial Services in Zurich and New York (www.ubs.com). He specialized in marketing and business development in the high net worth division of UBS Wealth Management in Europe, North and Latin America for the world’s biggest asset manager. Pascal has trained and coached hundreds of senior private bankers on three continents in new client acquisitions and sales.
CCH has set Friday the 26th of March 2010 as the date for holding the company's AGM. The AGM will consist of the normal regulatory announcements including the adopting of accounts plus several resolutions including:
- That approval be given for CCH to increase its capital with the issue of 80,000,000 fully paid shares, which are to be issued in accordance with the share sale agreement to the ALF Group shareholders who have disposed of 50% of their interest in the ALF Group Pte Ltd
- That approval be given to make a significant change to the nature and scale of the business activities of CCH.
- That CCH change its name to ALF Group Holdings AG
- That Mr Michael Pakula having retired as a Director at this meeting, and being eligible offers himself for re election as a director and Chairman
- That Mr Pascal Niedermann, a Swiss national having put forward his nomination be elected as a Director
- That Ms Cathrine Byrnes, a Swedish citizen, now residing in Australia having put forward her nomination be elected as a Director
- That CCH adopt a compliance plan and corporate governance statement as may be required to allow the company to comply with the mandatory requirements for a company that wishes to list on the General Market Standard of the Frankfurt Stock Exchange
The above resolutions have been approved by the Board and the incoming largest shareholders. These resolutions are subject to minor change so as to be compliant with Swiss law and Frankfurt Stock Exchange listing rules.
Subject to the shareholders approving the increase in share capital, the ALF Group will play a major role in the direction and growth of what will be known as ALF Group Holdings AG.
Mr Michael Pakula, Director of CCH, said, "At the time of entering into the heads of agreement the ALF Group had a 3 million AUD EBIT for 2010. At that time, due diligence revealed that ALF had a substantial list of qualified funding deals, but as these were not executed agreements they were not included in projected EBIT. Since execution of the heads of agreement, ALF Group has executed funding agreements that should result in a 2010 EBIT of approximately 14 million AUD. Based on our due diligence we support the projection of 20 million AUD EBIT for 2011.”
About CCH
Can Can Lingerie Holding AG develops, acquires or invests in innovative companies operating or expanding internationally. We leverage our expertise in international operations and expansions with a focus on emerging markets and China, as we believe emerging markets provide an excellent environment for growth. We also believe innovative companies provide opportunity for growth in all international markets. By developing and partnering with innovative companies and taking advantage of the benefits of operating in emerging markets we maximize growth potential.
For further information please contact:
Can Can Lingerie Holding AG
77-79 Anzac Parade
Kensington,
Sydney, NSW, 2033
Australia
Tel.: +61 2 9663 2842
Website: www.cancanholdings.com
eMail: info@cancanholdings.com
public eye CONSULTING BUSCHE
Karsten Busche
Managing Director
Tel.: +49 30 43 05 89 22
eMail: info@publiceye-consulting.com
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044678180</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.