2024-04-18 14:47:27
Lucerne (awp) – Turn on SoftwareOne. The current board of directors was almost entirely new at Thursday’s general meeting. Therefore the software solution provider is more likely to be sold.
As requested by the established shareholders throughout Daniel von Stockar, René Gilli and Beat Curti, the shareholders of SoftwareOne have thus remade its board of directors. Only Mr. von Stockar remains on the supervisory body.
Jörg Riboni, Andrea Sieber and René Gilli, the three proposed by the shareholder group, received approval rates between 64.7 and 87.5%. Board members with the support of the old board did not even show up for the election after the shareholder vote.
Daniel von Stockar was elected as the new chairman of the board of directors with 64.70% of the votes.
By dismissing the current board of directors, the original shareholders achieved their objective since they called the extraordinary general meeting for that purpose.
The sale to Bain Capital is approaching
Thus, a takeover of SoftwareOne by the private capital company Bain Capital is drawing closer. After the previous board of directors rejected several purchase offers, the original shareholders now expect the new directors to move in this direction.
They stressed, however, that there was “no other agreement, promise or instruction, nor any commercial or personal relationship” between them.
According to media reports, Bain Capital has hinted that it could go back into talks with a new board of directors. The company recently offered 18.80 Swiss francs per share of SoftwareOne. The company is expected to go public after a successful takeover.
Shareholder participation was high at the general meeting. A total of 213 shareholders, representing 77.73% of the shares, were present at the event held at the KKL Congress Center in Lucerne.
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