All proxy advisors oppose the complete replacement of SoftwareOne's Board of
Directors
SoftwareONE Holding AG / Key word(s): Miscellaneous/Miscellaneous
All proxy advisors oppose the complete replacement of SoftwareOne's Board of
Directors
05.04.2024 / 07:00 CET/CEST
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Media Release
All proxy advisors oppose the complete replacement of SoftwareOne's Board of
Directors
Stans, Switzerland, 5 April 2024 - SoftwareOne Holding AG, a leading global
software and cloud solutions provider, notes that three additional proxy
advisors, Ethos, Glass Lewis and Inrate, have opposed the complete
replacement of the Board of Directors as requested by the 29% shareholder
block.
Together with ISS, who published their report last week already, all proxy
advisors thus spoke out this week AGAINST the complete replacement of the
Board of Directors, as demanded by the 29% shareholder block.
The Board of Directors thus sees its position further confirmed, that a
balanced board as proposed would be in the best interests of all
stakeholders. This would also help restore calm to the company and allow
management to focus on leading it, meeting its growth and profitability
objectives, and implementing Vision 2026.
CONTACTS
Anna Engvall, Investor Relations
Phone +41 44 832 41 37, anna.engvall@softwareone.com
FGS Global, Media Relations
Phone +41 44 562 14 99, press.softwareone@fgsglobal.com
ABOUT SOFTWAREONE
SoftwareOne is a leading global software and cloud solutions provider that
is redefining how organizations build, buy and manage everything in the
cloud. By helping clients to migrate and modernize their workloads and
applications - and in parallel, to navigate and optimise the resulting
software and cloud changes - SoftwareOne unlocks the value of technology.
The company's -9,300 employees are driven to deliver a portfolio of 7,500
software brands with a presence in over 60 countries. Headquartered in
Switzerland, SoftwareOne is listed on the SIX Swiss Exchange under the
ticker symbol SWON. Visit us at www.softwareone.com
SoftwareOne Holding AG, Riedenmatt 4, CH-6370 Stans
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This media release may contain certain forward-looking statements relating
to the group's future business, development and economic performance. Such
statements may be subject to a number of risks, uncertainties and other
important factors, such as but not limited to force majeure, competitive
pressures, legislative and regulatory developments, global, macroeconomic
and political trends, the group's ability to attract and retain the
employees that are necessary to generate revenues and to manage its
businesses, fluctuations in currency exchange rates and general financial
market conditions, changes in accounting standards or policies, delay or
inability in obtaining approvals from authorities, technical developments,
litigation or adverse publicity and news coverage, each of which could cause
actual development and results to differ materially from the statements made
in this media release. SoftwareOne assumes no obligation to update or alter
forward-looking statements whether as a result of new information, future
events or otherwise.
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End of Media Release
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Language: English
Company: SoftwareONE Holding AG
Riedenmatt 4
6370 Stans
Switzerland
Phone: +41 44 832 41 69
E-mail: info.ch@softwareone.com
Internet: www.softwareone.com
ISIN: CH0496451508
Valor: A2PTSZ
Listed: SIX Swiss Exchange
EQS News ID: 1873829
End of News EQS News Service
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1873829 05.04.2024 CET/CEST