WISeKey International Holding Ltd Announces Agenda Items to be Approved by Shareholders at its 2024 Annual General Meeting
May 28 2024 - 1:00AM
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
share capital is approved, the re-affirmation of the Company’s
capital band;
- The re-election of Carlos Moreira,
Peter Ward, David Fergusson, Jean-Philippe Ladisa, María Pía
Aqueveque Jabbaz as members of the Board and the election of
Philippe Doubre, Philippe Monnier, and John O’Hara as new members
of the Board, each for a term extending until completion of the
2025 AGM;
- The re-election of Carlos Moreira
as Chairman of the Board for a term extending until completion of
the 2025 AGM, and the re-election of David Fergusson, and the
election of Philippe Doubre and Jean-Philippe Ladisa, as members of
the Board’s Nomination & Compensation Committee, each for a
term extending until completion of the 2025 AGM;
- The maximum aggregate amount of
compensation of (i) the Board for the period between the 2024 AGM
and the 2025 AGM and (ii) the company’s executive management for
financial year 2024 pursuant to Swiss law and the Company’s
articles of association;
- The 2023 compensation report
(advisory vote);
- The discharge of the members of the
Board and executive management from liability for activities during
fiscal year 2023;
- The 2023 Annual Report, including
the 2023 Consolidated Audited Financial Statement;
The 2024 AGM will be held at 2:00 p.m. CEST on
Thursday, 27 June 2024 at the offices of Homburger AG, Prime Tower,
Hardstrasse 201, 8005 Zurich, Switzerland. It will be possible for
shareholders to attend the AGM in person at the venue. Shareholders
may also exercise their voting rights by giving electronic or
written voting instructions to the independent voting rights
representative, as further described in the Company’s invitation to
the 2024 AGM published on the date of this press release, or by
giving proxy to a representative.
About WISeKeyWISeKey (NASDAQ:
WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity
company currently deploying large scale digital identity ecosystems
for people and objects using Blockchain, AI and IoT respecting the
Human as the Fulcrum of the Internet. WISeKey microprocessors
secure the pervasive computing shaping today’s Internet of
Everything. WISeKey IoT has an install base of over 1.5 billion
microchips in virtually all IoT sectors (connected cars, smart
cities, drones, agricultural sensors, anti-counterfeiting, smart
lighting, servers, computers, mobile phones, crypto tokens
etc.). WISeKey is uniquely positioned to be at the edge of
IoT as our semiconductors produce a huge amount of Big Data that,
when analyzed with Artificial Intelligence (AI), can help
industrial applications to predict the failure of their equipment
before it happens.Our technology is Trusted by the OISTE/WISeKey’s
Swiss based cryptographic Root of Trust (“RoT”) provides secure
authentication and identification, in both physical and virtual
environments, for the Internet of Things, Blockchain and Artificial
Intelligence. The WISeKey RoT serves as a common trust anchor to
ensure the integrity of online transactions among objects and
between objects and people. For more information,
visit www.wisekey.com.
Press and investor contacts:
WISeKey
International Holding Ltd Company Contact:
Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US) Contact: Lena CatiThe
Equity Group Inc.Tel: +1 212 836-9611lcati@equityny.com |
Disclaimer:This communication
expressly or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties
and other factors, which could cause the actual results, financial
condition, performance or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.
This press release does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities, and
it does not constitute an offering prospectus within the meaning of
the Swiss Financial Services Act (“FinSA”), the FInSa's predecessor
legislation or advertising within the meaning of the FinSA.
Investors must rely on their own evaluation of WISeKey and its
securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
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