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Daniel von Stockar, René Gilli and B. Curti Holding disagree with the board’s conclusions from the strategy review, founding shareholders said on Monday.
In mid-January, the people of central Switzerland rejected a takeover offer from American private equity firm Bain Capital. SoftwareOne announced at the time that they wanted to remain an independent, listed company.
Founding shareholders now take the view that Bain Capital’s non-binding offer should be presented to shareholders. Therefore, they demand an extraordinary general assembly meeting and the dismissal of the entire board of directors.
Exception: Founding shareholder Daniel von Stockar must remain on the board. He was not involved in the evaluation of the Bain bid. René Gilli, Chairman of the Board of Directors and founding shareholder from Stockar, will become a regular member of the Board of Directors.
Annabella Bassler, Jörg Riboni, Andrea Sieber and Till Spillmann were proposed for election as new independent board members. Sieber will serve as Executive Vice President and Lead Independent Director.
The founding shareholders “believe that the best conditions exist for SoftwareOne’s next phase of growth in a private environment.” (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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