The company was exonerated in a report published in March 2022. Nevertheless, company boss Hannes Niederhauser said in response to a shareholder question: “I didn’t believe that something like this would happen to S&T or me. I’m 59 years old now and I’ve learned a lot. We’re becoming more transparent.” Clemens Billek has been responsible for transparent corporate management as Chief Compliance Officer since May 2nd. Viceroy Research had accused S&T of off-balance sheet structures and bet on falling prices with the investor Fraser Perring. According to Niederhauser, only one of the numerous allegations turned out to be correct. But: The number of fully consolidated companies was 78 at the end of 2021, only three fewer than in the previous year. 23 companies are currently the focus of a project, which will “significantly” reduce the number of companies.
The investigation of the allegations cost almost one million euros, an investor asked.
A shareholder addressed the development of the share price in writing: the price had fallen by 20 percent within a year. In January 2020 there was a price peak of 25 euros, the share price is currently below 16 euros. The dividend of 35 cents (after 30 cents in the previous year) was approved. (sib)
Source: Nachrichten
