Brief: Swiss Takeover Board re-confirms validity of "opting out" clause in LEM articles of association

Lem Holding SA

31/01/2020 17:03

Jan 31 (Reuters) - Lem Holding SA  LEHN.S :
    * SWISS TAKEOVER BOARD RE-CONFIRMS VALIDITY OF "OPTING OUT"
CLAUSE
IN LEM ARTICLES OF ASSOCIATION
    * ANY SHAREHOLDER OR GROUP OF SHAREHOLDERS WHO EXCEEDS
THRESHOLD
OF 33% OF VOTING RIGHTS OF LEM HOLDING SA, IS NOT OBLIGED TO
MAKE A PUBLIC TAKEOVER BID FOR REMAINING SHARES
    * IN THIS NEW DECISION, TAKEOVER BOARD HAS REJECTED
OBJECTION OF
LEM'S SHAREHOLDER 7-INDUSTRIES HOLDING B.V. AGAINST ITS DECISION
OF 25 OCTOBER 2019

Source text for Eikon:  ID: 
Further company coverage:  LEHN.S 

 (Reporting by John Miller)
 ((J.Miller@thomsonreuters.com;))