WISeKey International Holding Ltd Announces Agenda Items to be Approved by Shareholders at its 2024 Annual General Meeting
WISeKey International Holding AG - American Depositary Shares (WKEY)
Company Research
Source: GlobeNewswire
Zug, Switzerland, May 28, 2024 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, announced today that the Board of Directors has submitted its proposals for shareholder approval at the 2024 Annual General Meeting of Shareholders (“AGM“). Key items that the Board of Directors recommends shareholders to approve are: The reduction of the registered share capital of the Company by CHF 8,461,555.20 from CHF 8,814,120 to CHF 352,564.80, by reducing the nominal value of each Class B share from CHF 2.50 to CHF 0.10 and each Class A share from CHF 0.25 to CHF 0.01, and the allocation of the total reduction amount of CHF 8,461,555.20 to the Company's statutory capital reserves from capital contribution. The Company's current equity will not be reduced and there will be no distribution to shareholders; If the reduction of the registered shar
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