Press release content from Business Wire. The AP news staff was not involved in its creation.
EHGO Confirms Resolution of Dispute With Iconic Labs
April 16, 2021 GMT
LUXEMBOURG (BUSINESS WIRE) Apr 16, 2021
European High Growth Opportunities Securitization Fund (“EHGO”), an institutional investment company based in Luxembourg, has welcomed the appointment of new management and board members announced by Iconic Labs Plc (“Iconic”). EGHO confirms that its dispute with Iconic, which pre-dated the current management, has now been resolved and the legal proceedings by EHGO against Iconic have been concluded.
Iconic recently announced Brad Taylor as its new CEO. Mr Taylor was previously general counsel and member of the executive committee at Orco Property Group. Iconic had earlier announced that three new non-executive directors had also been appointed to its board. These are Brendan O’Mahony, a certified accountant and previous partner at EY’s business in Poland; Willem
EHGO Confirms Resolution of Dispute With Iconic Labs
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Iconic Labs Plc adds three more directors to board
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Ott Holdings calls for reform at Iconic Labs Plc ahead of EGM
Concern expressed about poor share performance and lack of financing
Criticism of management and board performance
EGM has been requested
Firm faces lawsuit for breach of financing agreement
NICOSIA, Cyprus, Jan. 15, 2021 (GLOBE NEWSWIRE) Ott Holdings Limited (“Ott Holdings”), holder of 5,735,555,554 shares of Iconic Labs Plc (“Iconic”), has called for reform at Iconic ahead of an extraordinary general meeting (“EGM”) of shareholders which has been requested.
Jean-François Ott, founder and CEO at Ott Holdings, said, “The share performance of Iconic Labs has been absolutely appalling. Management have failed to create any shareholder value since coming to the helm in 2018/2019.