Brief: Kongsberg Automotive Comments On Concerns Raised By Shareholders In Media
05/06/2023 07:22
June 5 (Reuters) - Kongsberg Automotive ASA KOA.OL :
* LETTER REGARDING CO'S DEVELOPMENT, STRATEGY, GOVERNANCE RAISED BY CERTAIN SHAREHOLDERS IN
NORWEGIAN MEDIA
* STATEMENT THAT BOARD, MANAGEMENT HAVE INTENTIONALLY WORKED TO LOWER SHARE PRICE TO ENABLE
ACQUISITION HOLDS NO MERIT
* SAYS BOARD OF KOA REPRESENTS ALL SHAREHOLDERS, AND NOT INDIVIDUAL INSTITUTIONS
* BOARD REITERATES THAT THE COMPANY APPRECIATES A CONSTRUCTIVE DIALOGUE WITH ITS
SHAREHOLDERS AND
HAS NOTED THE CONCERNS THAT HAVE BEEN RAISED
* NOMINATION COMMITTEE CONSIDERED INPUTS, VIEWS OF MR. CHRISTOFFERSEN, OTHER SHAREHOLDERS ON
BOARD
COMPOSITION BUT GIVEN LIMITED TIME LEADING UP TO AGM HAS NOT BEEN ABLE TO CONCLUDE PROPOSAL
FACILITATING PREFERENCES
Source text for Eikon: ID:nObikpFxxa
Further company coverage: KOA.OL
(Gdansk Newsroom)
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