WISeKey Shareholders Approved All Agenda Items of the 2023 Annual General Meeting
June 23 2023 - 12:00PM
WISeKey
Shareholders Approved All
Agenda Items of the
2023
Annual General Meeting
Zug, Switzerland, June
23, 2023
–WISeKey International Holding Ltd. (“WISeKey” or the “Company”)
(SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT
company, announced today that its shareholders approved all items
on the agenda of WISeKey's 2023 Annual General Meeting held on June
22, 2023.
Among other things, the shareholders re-elected Carlos Moreira,
Peter Ward, Maria Pia Aqueveque Jabbaz, Cristina Dolan, David
Fergusson, Jean-Philippe Ladisa and Eric Pellaton as members of the
Board of Directors. Shareholders also re-elected Carlos Moreira as
Chairman of the Board, and Cristina Dolan, David Fergusson and Eric
Pellaton were re-elected as members of the Nomination and
Compensation Committee.
In addition, the shareholders approved the Board of Directors'
proposals to effect a 50 : 1 reverse stock split with
respect to Class B Shares and a 25 : 1 reverse stock
split with respect to the Class A Shares. As a result of the
different reverse stock split ratios, the aggregate voting power of
the Class A Shares has been increased relative to the situation
prior to the effectiveness of the reverse stock split. We expect
the last trading day of the Class B Shares (par value CHF 0.50
each, i.e., on a pre-reverse stock split basis) on the SIX Swiss
Exchange to be on June 29, 2023, and the first trading day of
the Class B Shares (par value CHF 2.50 each, i.e., on a
post-reverse stock split basis) on the SIX Swiss Exchange to be on
June 30, 2023
Shareholders of WISeKey approved all other proposals submitted
by the Board, inlcuding the following:
- the 2022 Annual Report and the 2022 audited consolidated and
statutory financial statements of the Company;
- The discharge of all members of the Board of Directors and the
Executive Management from liability for their activities during
fiscal year 2022;
- The Company's 2022 compensation report, in an advisory
vote;
- The Board of Directors’ and Executive Management’s total
compensation, for the period until the 2024 AGM and fiscal year
2024, respectively;
- The replacement of the current authorized share capital with a
capital band under the new Swiss corporate law effective
1 January 2023;
- An increase of the conditional share capital;
- Amendments to the Company's Articles of Association to align
them, among other things, with the new Swiss corporate law
effective 1 January 2023; and
- Re-election of BDO SA as the Company's audit firm and the
independ proxy for a further one-year period.
Carlos Moreira, Chairman of the Board, stated, “I would like to
thank our valued shareholders for their continued trust, support
and the confidence they have placed in us. I would also like to
thank all members of our Board for their commitment and dedication
to WISeKey.”
Financial Calendar:The 2023 Interim Report will
be published by September 30, 2023.
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 1.6 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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