Notes from the Spyker Cars Extraordinary General Meeting

I wrote earlier that there were a few important events, and that hopefully they’d all happen today.
Whilst we continue to wait on the EIB and the SNDO, the Extraordinary General Meeting for shareholders in Spyker Cars has been held and as expected, the decisions made there have been favourable for the Saab transaction.
For those who read Dutch, there was a live-blog of the meeting that you can read for yourself.
For the rest of us, we’re fortunate enough that “Tim” has posted some notes from the meeting in comments:
Have been reading the webcast for the past two hours or so. Some highlights:

  • chairman Antonov isn’t present. JAJ and VM are there 😉
  • Mr Hugenholtz said the EIB approval is expected today or early next week.
  • they will be partly rewriting the business plan. A new 92 is planned but needs extra funding.
  • According to VM SAAB UK and US were (highly) profitable.
  • No comments on his private financing company Tenacci.
  • JAJ says “Saab is an exciting brand with an exciting future”
  • VM says it will take at least 10 years to close the cap between Audi and SAAB.
  • Production is started in week 12.
  • Production first half year of 2010 15,000 cars. In 2010 60,000.

An other highlight: SAAB Spyker Automobiles N.V. is expected to be listed on the London and Stockholm stock exchanges. No listing in Amsterdam…

  • Take over has been approved
  • New companyname has also been approved.

That’s another milestone achieved.
Congratulations to Victor Muller and Jan-Ake Jonsson on a successful outcome.
A full Googletrans of the live-blog is posted after the jump.

From Gijzje in comments
google translate from the live blog: from start to finish
Good morning from Zeewolde (-7.5 degrees Celsius).
Friday, February 12, 2010 09:34
About 25 minutes begins here where the shareholders of the takeover of Spyker Saab presented to investors
Friday, February 12, 2010 09:35
Shareholders drip now inside the workshop of Spyker
Friday, February 12, 2010 09:36
The press is kept outside the gates
Friday, February 12, 2010 09:36
The waiver is for our Scandinavian friends with telephoto
Friday, February 12, 2010 09:37
Meanwhile, a man within thirty
Friday, February 12, 2010 09:46
Besides the familiar meeting visitors is also well represented on the car lover
Friday, February 12, 2010 09:47
Spyker-pin with pride on the jacket spelled
Friday, February 12, 2010 09:48
Spyker CEO Victor Muller has been reported. The nameplate of chief commissioner at the committee table Antonov missing front
Friday, February 12, 2010 09:49
Time for some information about the forthcoming meeting which is
Friday, February 12, 2010 09:49
On the agenda (, the approval of shareholders for the acquisition of Saab
Friday, February 12, 2010 09:50
That’s right: from Saab. It remains a miracle
Friday, February 12, 2010 09:51
There is really little doubt that the majority of shareholders will accept the takeover
Friday, February 12, 2010 09:51
Today is the first opportunity for shareholders primarily to clarify the transaction.
Friday, February 12, 2010 09:52
Because who would want to permit it to be well informed. And not everyone believes all information to have:
Friday, February 12, 2010 09:53
Victor Muller comes in and shake some of the shareholders based on his famous jovial manner
Friday, February 12, 2010 09:59
Hugenholz Commissioner opened the meeting
Friday, February 12, 2010 10:00
The other Board are unfortunately unable to attend, as he says:
Friday, February 12, 2010 10:01
However, there is Mr. Johnson, director of Saab
Friday, February 12, 2010 10:02
The press may not enter. According Hugenholz there were more requests from journalists than aandeelhoduers and that is not appropriate money, he says
Friday, February 12, 2010 10:03
Hugenholz shows the state of affairs regarding the loan of 400 million euros from the European Investment Bank
Friday, February 12, 2010 10:04
Fiat is expected today or early next week
Friday, February 12, 2010 10:05
Now the floor to Victor Muller
Friday, February 12, 2010 10:05
He gives a presentation on the events of last weeks
Friday, February 12, 2010 10:06
He explains the deal if known:
Friday, February 12, 2010 10:09
He peppered his speech with characteristic bravado, “to the deal have yet to decimeters paper will be produced”
Friday, February 12, 2010 10:10
Muller runs through a pack of sheets around, really loaded with text. Especially the car lovers dream away in the joint logo of Spyker and Saab in the lower right corner
Friday, February 12, 2010 10:14
Muller geeftr that the takeover was a lifetime opportunity for a world-renowned automobile to buy and rebuild
Friday, February 12, 2010 10:16
Why not before he showed interest in Saab?
Friday, February 12, 2010 10:16
Previously there was a strong party to talk with Saab, the party with Brawn GP world champion in Formula 1 has become. “Since we could not compete with”
Friday, February 12, 2010 10:17
That game hooked off. So Muller took contact with General Motors. “Eight minutes later I got a call back from GM, just to show how high the urgency was”
Friday, February 12, 2010 10:18
Spyker stepped in after K

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