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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. ....
Ott Holdings Limited: Ott Holdings calls for reform at Iconic Labs Plc ahead of EGM 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. ....
Concern expressed about poor share performance and lack of financingCriticism of management and board performance EGM has been requestedFirm faces lawsuit. ....