Affichage: Motions by Starlet and Bruellan not on the agenda
Affichage has published the agenda for the Annual General Meeting on May 26, 2011. The motion submitted by Starlet and Bruellan to remove a member of the Board of Directors was not approved.
Affichage sent out the invitation to the Annual General Meeting on May 26, 2011 to shareholders on Friday. In particular, the company's Board of Directors is proposing the re-election of Paul-Henry Binz for a two-year term of office, the re-election of Jean-François Decaux and Gilles Samyn for a three-year term of office and the election of a new member of the Board of Directors, Robert Schmidli, for a three-year term of office, as the company writes in a press release.
The invitation lists the items whose inclusion on the agenda was requested by the Swiss company Starlet Investment and the Cayman fund Bruellan Corporate Governance Action Fund on April 4, 2011, in particular the Deselection of a member of the Board of Directorsnot be accepted. According to the press release, Starlet and Bruellan were unable to demonstrate that they met the legal and statutory requirements for a corresponding application. The company therefore did not grant their application.
