Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Sand Grove Responds to Results of the Extraordinary General Meeting Regarding Proposed Changes to the Board and Nomination Committee of Otello

BusinessWire_EN 
0 0 04.09.20
Sand Grove Responds to Results of the Extraordinary General Meeting Regarding Proposed Changes to the Board and Nomination Committee of Otello
 

Sand Grove Capital Management LLP (“Sand Grove”) notes the results of the Extraordinary General Meeting held today to vote on proposed changes to the Board and Nomination Committee of Otello Corporation ASA (“Otello” or the “Company”).

Whilst Sand Grove is disappointed that shareholders have in a majority voted against its proposals for the Board of Directors of the Company and the Nomination Committee of the Company, we note that the votes were exceptionally close. Sand Grove’s sole objective was to put in place a Board with the breadth of experience and abilities required to deliver value for all shareholders. We do not believe that this result is a strong endorsement of the current Board of Directors and Nomination Committee.

Sand Grove remains committed to changing Otello’s corporate governance for the benefit of all shareholders and will review next steps in the coming days. We anticipate updating all Otello stakeholders in the near term.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200904005264/en/

Opera Software ASA Stock

€0.63
-1.880%
A loss of -1.880% shows a downward development for Opera Software ASA.

Show more
Like: 0
Share
BusinessWire_EN 
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments

Not a member yet? Sign up for free!