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(2) PARIS and LUXEMBOURG, Dec. 23, 2020 (GLOBE NEWSWIRE) The consortium of leading European investors formed to prevent a €3.5 billion rights issue by Unibail-Rodamco-Westfield SE ( URW ) and refocus the business on its prime European portfolio has formally ended its concerted action following the successful conclusion of its campaign. On 10th November 2020, URW shareholders voted to reject the capital increase and appoint all three consortium nominees to the Supervisory Board, making REFOCUS the first campaign in the last ten years to successfully challenge a CAC 40 company s strategic and board appointment recommendations. Since then, URW has taken important steps to deliver on the mandate provided by shareholders at the General Meeting, focussed on establishing corporate governance in accordance with the very best international standards, pursuing a clear strategy with an entrepreneurial mindset, while also ensuring a strong financial position and balance shee ....
REFOCUS consortium of URW shareholders successfully concludes concerted action REFOCUS consortium of URW shareholders successfully concludes concerted action PARIS and LUXEMBOURG, Dec. 23, 2020 (GLOBE NEWSWIRE) The consortium of leading European investors formed to prevent a €3.5 billion rights issue by Unibail-Rodamco-Westfield SE (“URW”) and refocus the business on its prime European portfolio has formally ended its concerted action following the successful conclusion of its campaign. On 10th November 2020, URW shareholders voted to reject the capital increase and appoint all three consortium nominees to the Supervisory Board, making REFOCUS the first campaign in the last ten years to successfully challenge a CAC 40 company’s strategic and board appointment recommendations. ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. REFOCUS consortium of URW shareholders successfully concludes concerted action Consortium of URW investors led by Aermont Capital and NJJ HoldingDecember 23, 2020 GMT PARIS and LUXEMBOURG, Dec. 23, 2020 (GLOBE NEWSWIRE) The consortium of leading European investors formed to prevent a €3.5 billion rights issue by Unibail-Rodamco-Westfield SE (“URW”) and refocus the business on its prime European portfolio has formally ended its concerted action following the successful conclusion of its campaign. On 10th November 2020, URW shareholders voted to reject the capital increase and appoint all three consortium nominees to the Supervisory Board, making REFOCUS the first campaign in the last ten years to successfully challenge a CAC 40 company’s strategic and board appointment recommendations. ....