PRESS RELEASE / IR NEWS

Northern Data AG holds Extraordinary General Meeting
 

• All proposed resolutions adopted with a large majority
• Support to successfully deliver on growth ambitions

Frankfurt am Main - 13 June 2023 – On Monday, June 12, Northern Data AG (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87) successfully concluded an Extraordinary General Meeting, which was virtually broadcast via livestream, for its duly registered shareholders or their proxies on the company's website. Shareholders and their proxies had the opportunity to ask questions, which were answered in detail by Aroosh Thillainathan, Group CEO and Chairman of the Management Board. All resolutions proposed by the Management Board and Supervisory Board were approved by the shareholders with a large majority.

The resolutions dealt in particular with renewing the existing authorized capital. In addition, the General Meeting resolved on the authorization to implement a new stock option program.

Aroosh Thillainathan commented on the outcome of the Extraordinary General Meeting: “I am pleased that our shareholders have once again shown their support for us and our growth ambitions. This support will enable us to set the course for a successful future within the scope of the possibilities offered by generative AI and Cloud Solutions both now and in the future.”

The wording of the resolutions passed, the voting results and further information are available at in the Investor Relations section.

About Northern Data:

Northern Data firmly believes that High-Performance Computing (HPC) will — quite literally — determine what the future will hold. HPC has the power to unlock unprecedented potential and opportunities for research and development, business, and government. Our multinational organization is rapidly staking out a position of global significance in the area of GPU- and ASIC-based solutions by designing and operating efficient, sustainable HPC infrastructures. We offer a combination of intelligent data centers, cutting-edge hardware and self-developed software for various HPC applications. These include bitcoin mining, blockchain technology, artificial intelligence, big data analytics, IoT, and graphics rendering. The Northern Data Group currently operates custom, large-scale data centers and proprietary mobile high-performance data centers. Northern Data’s shareholders include among others Apeiron Investment Group, Samara Asset Group (formerly Cryptology Asset Group), Block.one, BlackMars Capital, Krypto Ventures and the founders of the Company, who together represent the majority of the voting rights.

Investor Relations:

Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail:
Telefon: 9