Brief: Niewiadow PGM Shareholders Sign Agreement To Conduct Joint Long-Term Policy
BRIEF-Niewiadow PGM Shareholders Sign Agreement To Conduct Joint Long-Term Policy Aug 28 (Reuters) - 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
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