Top UBS Contender Bows Out finews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finews.com Daily Mail and Mail on Sunday newspapers.
Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said.
Wemmer plans to raise about 250 million euros ($300 million) on the Amsterdam stock exchange in May, the people said, asking not to be identified discussing confidential information. He’s teaming up with Murray Wood and Santiago Corral, co-owners of insurance-focused investment firm Nazare Capital, to create the SPAC.
The executives have begun speaking with potential investors, the people said. They’re considering seeking targets among technology players in the insurance space, the people said. Wemmer, who’s a German national, will be executive chairman of the SPAC while Wood will serve as its chief executive officer, according to the people.
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Claudia Böckstiegel and Patrick Firmenich are nominated for election to the Board of Directors of UBS Group AG and UBS AG at the Annual General Meeting. Beatrice Weder die Mauro will not stand for re-election.
As previously communicated, the UBS Group AG Board of Directors proposes an ordinary dividend of USD 0.37 (gross) in cash per share for the financial year 2020.
The Board of Directors proposes a capital reduction by way of cancellation of shares repurchased under the 2018-2021 share buyback program and the approval of a new share buyback program 2021-2024.
In light of the ongoing COVID-19 pandemic, the Board of Directors is regretfully unable to plan the Annual General Meeting (AGM) as a physical event. The upcoming AGM will therefore be held as a webcast once again. UBS asks its shareholders to exercise their voting rights through the independent proxy.
195;rsted A/S Resolutions Of The Annual General Meeting 2021 Of Ørsted A/S morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.