Brief: NH Hotels' Independent Directors Decide To Resign In Relation To Share Acquisition By Minor

Minor Hotels Europe & Americas SA

17/05/2023 06:33

May 17 (Reuters) - NH Hotel Group  NHH.MC :
    * SAID ON TUESDAY ALFREDO FERNANDEZ AGRAS, JOSE MARIA
CANTERO DE
MONTES-JOVELLAR AND FERNANDO LACADENA AZPEITIA HAD DECIDED TO
RESIGN FROM THE POST OF INDEPENDENT DIRECTOR OF THE COMPANY 
    * THE DIRECTORS SAID THEIR DECISION TO RESIGN IS MOTIVATED
BY
THEIR DISAGREEMENT WITH MINOR  MINT.BK  IN RELATION TO THE
ACQUISITION OF THE COMPANY'S SHARES ON THE MARKET ONCE THE
PROCESS OF PROMOTING A DELISTING TAKEOVER BID WAS ABANDONED
    * IN THE DIRECTORS' OPINION IT MAY BE "DETRIMENTAL" TO THE
MINORITY SHAREHOLDERS OF THE COMPANY
    * THE RESIGNATION WITH EFFECT FROM THE CONCLUSION OF THE
ORDINARY
GENERAL MEETING OF SHAREHOLDERS OF THE COMPANY THAT IS EXPECTED
TO BE HELD IN JUNE
    * A COPY OF THE LETTER OF RESIGNATION HAS BEEN SENT BY THE
INDEPENDENT DIRECTORS TO THE SPANISH MARKET REGULATOR CNMV
    * THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS HAVE
EXPRESSED
THEIR DISAGREEMENT WITH THE STATEMENTS CONTAINED IN THE LETTER
AND REQUESTED THE CALL OF A MEETING OF THE BOARD OF DIRECTORS

        
 Source text: https://bit.ly/458vDNv
 Further company coverage:  NHH.MC  

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