2020

06.04.2020 – Phoenix Mecano AG

Phoenix Mecano: General Meeting to take place without shareholders; 2019 financial statements and Q1 2020 results to be published earlier than planned on 16 April 2020; media and financial conferences cancelled.

Media release

Phoenix Mecano: General Meeting to take place without shareholders; 2019 financial statements and Q1 2020 results to be published earlier than planned on 16 April 2020; media and financial conferences cancelled.

Kloten/Stein am Rhein, 6 April 2020. Under Ordinance 2 on Measures to Combat the Coronavirus (COVID-19 Ordinance 2), the Swiss Federal Council has prohibited public and private events until at least 19 April 2020. It is possible that the ban will be extended beyond this date.

As a precautionary measure and to protect the health of shareholders and employees, Phoenix Mecano AG's Board of Directors has deemed it necessary to hold the Shareholders' General Meeting without shareholders attending in person, in accordance with Article 6a of COVID-19 Ordinance 2. Consequently, shareholders will only be able to exercise their rights through the independent proxy. The scheduled date of the Shareholders' General Meeting remains unchanged, i.e. 20 May 2020. The invitation to the Shareholders' General Meeting, together with the agenda, Board of Directors' proposals and detailed information, will be published on the Phoenix Mecano website (www.phoenix-mecano.com) and in the Swiss Official Gazette of Commerce (SOGC) and the newspapers Neue Zürcher Zeitung (NZZ) and Schaffhauser Nachrichten on 17 April 2020, and in the magazine Finanz und Wirtschaft on 18 April 2020. This will give shareholders more time to exercise their voting rights.

The balance sheet media conference and financial analysts' conference scheduled for 23 April 2020 have also been cancelled for the same reasons. Instead, Phoenix Mecano will issue a media release on the 2019 financial statements and the results for Q1 2020 after close of trading on 16 April 2020.

For more information, please contact:

Phoenix Mecano Management AG

Dr Rochus Kobler, CEO

Lindenstrasse 23, CH-8302 Kloten

Tel.: +41 (0)43 255 4 255

info@phoenix-mecano.com

www.phoenix-mecano.com


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