Oberkirch, June 3, 2020 - As a result of the corona pandemic, the Management Board of Progress-Werk Oberkirch AG had decided to postpone the Annual General Meeting typically held at the end of May. The meeting was now set for July 28, 2020 as a pure virtual meeting without the physical presence of the shareholders and their proxies.

In holding a virtual meeting, PWO utilizes the option granted by the Act on the Measures in Corporate, Cooperative, Association, Foundation and Residential Property Law to Reduce the Effects of the COVID-19 Pandemic of March 27, 2020 and aims at ensuring the reliability of the date of the meeting as well as health protection of shareholders, employees, and service providers involved. The video and audio broadcast of the entire Annual General Meeting will be transmitted on the Internet for registered shareholders.

Further details on the 2020 Annual General Meeting will be included in the invitation, which is planned to be published in the Federal Gazette on June 16, 2020.

Progress-Werk Oberkirch AG
The Management Board

PWO company profile
PWO is a partner to the global automotive industry for the development and production of advanced metal components and subsystems using lightweight construction. The Group has developed a unique knowledge in the forming and joining of metals over the course of its more than 100-year history since it was founded in 1919. With our expertise in cost-efficient lightweight construction, we contribute to environmentally friendly driving and greater distances.

All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,000 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.