Hanover, Germany – Continental Corp. is postponing its 2020 annual shareholders’ meeting which was originally planned for 30 April.
The German automotive group is keeping Hanover as the location for the but is to announce new dates “soon,” Continental said in a statement 13 March.
The decision follows an 11-March ban on large events in Lower Saxony in response to the Covid-19 (coronavirus) pandemic.
“As much as we regret postponing our shareholders’ meeting, we fully support the efforts of the authorities to contain the spread of the coronavirus,” said CEO Dr. Elmar Degenhart.
According to Conti, annual shareholders’ meetings must be held by the end of the eighth month of a fiscal year by law.
In the case of Continental, that will be in August, said the Hanover-based automotive supplier.