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GNS — Niewiadow Polska Grupa Militarna SA News Story

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Brief: Niewiadow PGM Shareholders Sign Agreement To Conduct Joint Long-Term Policy

BRIEF-Niewiadow PGM Shareholders Sign Agreement To Conduct Joint Long-Term Policy

- Niewiadow Polska Grupa Militarna SA GNSP.WA:

  • SAID ON THURSDAY THAT SHAREHOLDERS SOMA25, L INVESTMENTS AND FORUM 119 FIZ HAD SIGNED A 24-MONTH AGREEMENT ON CONDUCTING LONG-TERM POLICY

  • AGREEMENT GOAL IS TO TRANSITION FROM OWNER-MANAGED TO PROFESSIONAL MANAGEMENT MODEL, SEPARATING OWNERSHIP FROM MANAGEMENT FUNCTIONS

  • PARTIES AIM TO POSITION COMPANY AS PERMANENT SUPPLIER TO POLISH ARMED FORCES AND ALLIES

  • L INVESTMENTS TO WAIVE PERSONAL BOARD APPOINTMENT RIGHTS TO ENSURE ALL MEMBERS ARE ELECTED BY AGM, WITH AT LEAST TWO INDEPENDENT MEMBERS

  • FORUM 119 FIZ CONSIDERS INCREASING STAKE IN THE COMPANY

  • AGREEMENT IS LINKED TO PREPARATIONS TO LAUNCH 155 MM AMMUNITION PRODUCTION


Source text: nEM2nQGRwa
Further company coverage: GNSP.WA


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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