DJ EANS-Adhoc: Hypoport AG / Thomas Kretschmar wishes to leave the Hypoport AG Management Board seven months early and stand for election to the Supervisory Board
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ad-hoc disclosure pursuant to section 15 of the
WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for
the content of this announcement.
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15.03.2010
Today, Prof. Thomas Kretschmar informed the chairman of the Supervisory Board of
Hypoport
AG that, as announced in 2006 when his contract was last extended, he
does not wish to have his Management Board employment contract extended when it
expires at the end of 2010. However, he does intend to continue his involvement
with the Company as a member of the Supervisory Board. To ensure a seamless
transition, Prof. Kretschmar has asked the Supervisory Board to end his
Management Board contract early on 31 May 2010. This will enable him to stand
for election to the Supervisory Board at the Annual Shareholders' Meeting on 4
June 2010. The Supervisory Board will decide on the premature termination of
Prof. Kretschmar's contract at its meeting on 24 March 2010. The Company expects
that the major shareholders will approve the move.
end of announcement euro
adhoc =-------------------------------------------------------------------------------
(END) Dow Jones Newswires
March 15, 2010 10:05 ET (14:05 GMT)
