DGAP-News: creditshelf AG: first ordinary annual general meeting following successful IPO

creditshelf AG: first ordinary annual general meeting following successful IPO

Frankfurt am Main, Germany, 14 May 2019 - creditshelf Aktiengesellschaft, a pioneer in digital financing for small and medium-sized enterprises (SMEs) in Germany, today held its first annual general meeting in Frankfurt am Main following its IPO in July 2018. 52.16 % of share capital was represented at the event. Motions for all agenda items were approved by a large majority.

The management board reported in detail on creditshelf's operational and strategic development in fiscal 2018. Management also provided an outlook on future strategy and the current fiscal year, 2019. Management board and the supervisory board were discharged by a large majority for fiscal 2018. Warth & Klein Grant Thornton AG, Frankfurt, were appointed auditors for fiscal 2019.

Dr. Tim Thabe, creditshelf CEO, commented: "The focus of fiscal 2018 was on preparations for the successful initial public offering in Frankfurt stock exchange's Prime Standard segment on 25 July 2018. This has laid the foundations for further growth. In 2018, we continued our positive business development: we strengthened our second tier of management, raised our staff headcount, and significantly increased the volume of arranged loans to 50.7 million euros while almost doubling revenues to 2.4 million euros in comparison to 2017. We are very pleased that our shareholders have expressed their confidence in us at our first general annual meeting."

Details of voting results for all agenda items will be published without delay on the following microsite: https://ir.creditshelf.com/websites/creditshelf/English/5500/annual-general-meeting.html
 

About creditshelf - www.creditshelf.com

creditshelf is a pioneer in the field of digital SME financing in Germany that arranges loans via its easy-to-use online platform www.creditshelf.com. creditshelf, which was founded in 2014 and is based in Frankfurt/Main, sees itself as a market and technology leader in the fast-growing business of digital SME financing in Germany. As a provider of SME financing, creditshelf has developed its platform to meet the financing needs of German SME borrowers through loans from investors interested in this asset class. In this process, creditshelf offers to arrange corporate loans and thus enables small and medium-sized companies to access highly attractive financing alternatives. At the same time, creditshelf offers professional investors looking for attractive investment opportunities access to SME financing. The core competencies of creditshelf include the selection of suitable credit projects, analysis of the creditworthiness of potential borrowers, the provision of credit scoring and risk-adequate pricing. creditshelf receives fees for its services from both SME borrowers and investors.

Daily news from creditshelf on
Facebook https://www.facebook.com/creditshelf/
Twitter https://twitter.com/creditshelf
LinkedIn https://www.linkedin.com/company/5317762/ and
Xing https://www.xing.com/companies/creditshelfag