DGAP-News: LifeWatch Shareholders' Group announces candidates for the election to the Board of Directors and calls on Yacov Geva to apply fairplay going forward
(firmenpresse) - EquityStory AG-News: Dynamics Group AG / Key word(s): AGM/EGM
LifeWatch Shareholders' Group announces candidates for the election to
the Board of Directors and calls on Yacov Geva to apply fairplay going
forward
29.05.2012 / 11:21
---------------------------------------------------------------------
LifeWatch Shareholders' Group
c/o Dynamics Group AG, Utoquai 43, 8024 Zürich, Tel +41 43 268 32 32,
www.life-agm.com, info(at)life-agm.com
Press release
LifeWatch Shareholders' Group announces candidates for the election to the
Board of Directors and calls on Yacov Geva to apply fairplay going forward
Zurich, May 29, 2012 - The Lifewatch Shareholders' Group, represented by
Patrick Schildknecht and Martin Eberhard, currently holding a stake of
more than 19% of LifeWatch shares, proposes to the Ordinary General Meeting
to be held on June 28, 2012, to form a new Board as follows:
- Dr. Wolfgang Reim (1956)* and Thomas Rühle (1960)* as independent
industry experts with long-lasting management expertise
- Patrick Schildknecht (1972)* representing the LifeWatch Shareholders'
Group
- Two current Directors at the discretion of the current Board of
Directors of LifeWatch (should there be no amicable solution the
LifeWatch Shareholders' Group explicitly reserves the right to nominate
two additional candidates later on)
* The short resumées of Messrs Reim, Rühle and Schildknecht are attached
below
A new Board of Directors with a majority of newly elected Directors will
warrant a swift implementation of Best Practice Corporate Governance and a
professional execution of the strategy of a company - that is fundamentally
well-positioned - in existing as well as new markets.
The LifeWatch Shareholders' Group has again called on the Company to
refrain from repeating false or misleading statements with respect to the
Shareholders' groups objectives such as the alleged 'silent take-over'. The
ultimate goal of the requested new formation of the Board and the election
of the three above-mentioned candidates is to put an end to Mr. Yacov
Geva's concentration of power and autarchy to the benefit of the Company
(www.life-agm.com, 'our objectives'). The shareholders must be able to
decide in a free and democratic manner which is not the case according the
Boards' actual proposals and published agenda.
The Invitation to the Ordinary General Meeting and the early closing of the
share register are incorrect
The LifeWatch Shareholders' Group has been surprised by the early
publication of the invitation to the Ordinary General Meeting on May 25,
2012, and the announcement that the share register would be already closed
on May 31, 2012. Moreover, it has concluded that the invitation is not in
line with the articles of association of LifeWatch Ltd. and Swiss company
law. As per the agenda that was sent out, shareholders would only have the
right to vote in favour, against (or abstain from) a re-election of the
current Directors but not be able to vote in favour, against (or abstain
from) an election of new Directors (please refer to the respective
correspondence: www.life-agm.com), 'News', 'Letter to Yacov Geva, dated May
29, 2012'). The Shareholders' Group therefore requests that the Company
amend and correctly publish the invitation no later than June 7, 2012. It
also callson the Company to defer the closing of the Share register as per
the regulations published in the Annual Report ('3 weeks prior to the
Ordinary General Meeting'). Moreover, the amended version of the invitation
should allow those shareholders who wish to nominate an independent proxy
to provide them with respective instructions. This has also been omitted in
the documents that have been sent to shareholders which clearly violates
the right of freedom of expression of shareholders at the Ordinary General
Meeting.
In the mid-term, an amicable solution is the best for all stakeholders
The LifeWatch Shareholders' Group still aims at finding an amicable
solution with the Company. By doing so it wishes to ensure that the Board
and the management team can focus on the development of the Company
following the Ordinary General Meeting.
The Shareholders' Group plans to organize an information event for
shareholders on June 7, 2012, in Zurich. It will also provide an
opportunity for the Board of Directors to present their views. A
respective invitation will be duly published on the website
www.life-agm.com.
For questions please contact us as follows:
LifeWatch Shareholders' Group, c/o Dynamics Group AG, Utoquai 43, 8024
Zürich
Edwin van der Geest, Philippe Blangey, Alexandre Müller
Tel. +41 43 268 32 32, info(at)life-agm.com
Short resumées of the candidates proposed:
Dr. Wolfgang Reim
Wolfgang Reim (1956, German citizen) is acting as a professional board
member. He is Member of the Supervisory Boards of Elekta AB, a listed
company and one of the market leaders in oncology care, of Sabirmedical
S.L., a startup-company in the field of non-invasive vital signs
monitoring, of Esaote S.p.A., a medical imaging company, of GN Store Nord
A/S, a leading audiology firm as well as Carl Zeiss Meditec AG, a leading
company in ophthalmology and surgery microscopes. Prior to these functions,
he was Deputy Chairman of the Board of BB Medtech. From 2000 until 2006, he
served as CEO of Dräger Medical AG&Co. KgaA, a joint venture of
Drägerwerk AG and Siemens AG. From 1986 until 2000 he served in various
functions at Siemens Medical Solutions, finally as CEO of the ultrasound
division. Wolfgang Reim graduated in mathematics and physics at the ETH
Zurich and gained a PhD from the ETH Zurich.
Thomas Rühle
Thomas Rühle (1960, German citizen) is managing partner at
Benz&Rühle GmbH and a member of the Board of Directors of MML AG. At the
same time he is committed to several health and logistics companies as a
private investor. From 2005 until 2011 he was Vice President Europe at
Sanofi Pasteur MSD after being Chairman of the Region Germany at Sanofi
Pasteur MSD. Prior he worked at several leading pharmaceutical companies in
various marketing positions. Thomas Rühle holds a degree in Economics from
BA Karlsruhe.
Patrick Schildknecht
Patrick Schildknecht (1972, Swiss citizen) is the Chairman of the Board of
Directors of SK Holding AG, Euthal, an investment company, Hinno AG,
Meggen, a specialist in innovative curtain systems and SK Real Estates AG,
a real estate project development company. He started his career at timber
company Portico S.A. in San Jose, Costa Rica in 1998. Returning to
Switzerland in 1999, he worked for five years for strategy consultants
Arthur D. Little in Kuala Lumpur and Zurich. In 2004 he took over Sycrilor
Industries SA, Le Noirmont, a precision metal forging company for the
luxury and medical industry which he headed as CEO for three years. Since
then, Patrick Schildknecht has held various director positions in Swiss
public and private companies. Patrick Schildknecht graduated from the
University of Zurich with a Masters degree in economics.
End of Corporate News
---------------------------------------------------------------------
29.05.2012 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.
EquityStory publishes regulatory releases, media releases on the
capital market and press releases.
The EquityStory Groupdistributes authentic and real-time financial
news for over 1'300 listed companies.
The Swiss news archive can be found at
http://www.equitystory.ch/nachrichten
---------------------------------------------------------------------
171798 29.05.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.05.2012 - 11:21 Uhr
Sprache: Deutsch
News-ID 150538
Anzahl Zeichen: 8629
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 429 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: LifeWatch Shareholders' Group announces candidates for the election to the Board of Directors and calls on Yacov Geva to apply fairplay going forward"
steht unter der journalistisch-redaktionellen Verantwortung von
Dynamics Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
