TGE Tge Marine

    RNS Number : 9486J
  TGE Marine AG
  11 December 2008
   


    TGE Marine AG ("TGE" or the "Company")

    RESULT OF ANNUAL GENERAL MEETING


    The Board of TGE announces that, following the Company's Annual General Meeting ("AGM") held yesterday, all resolutions, with the
exception of Resolutions 7, 8 and 9 (in respect of the proposed 19 for 1 bonus issue), were duly passed by a substantial majority of
shareholders voting in favour of the proposals set out in the Notice of AGM dated 31 October 2008.

    Resolution 7 (in relation to the increase of the Company's share capital from the Company's own resources and issue of bonus shares),
Resolution 8 (amendment of the Company's articles resulting from the capital increase) and Resolution 9 (in relation to the proportionate
increase in authorised capital) were not tabled at the AGM as the proposed bonus issue is no longer allowable under the German Stock
Corporations Act (Aktiengesetz, AktG) as a result of the recent decline in the Company's share price. These resolutions were therefore not
subject to a shareholder vote at yesterday's AGM and consequently the proposed 19 for 1 bonus issue will not be undertaken by the Company. 
The board will continue to review how a share split may be achieved and update the market at an appropriate time.

    Enquiries:


 TGE Marine AG                             +49 (0)228 604 480
 Roland Fisher, Chief Financial Officer  

 Singer Capital Markets Limited            +44 (0)20 3205 7500
 Jos Trusted  
 James Maxwell  

 Pelham Public Relations                   +44(0)20 7743 6676
 Mark Antelme                              




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