Jelmoli postpones EGM to Oct or Nov from end-Sept |
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Published
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Thu, 13 Sep 2007 11:16
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ZURICH (Thomson Financial) - Swiss retail and real estate group Jelmoli Holding AG announced it will postpone its EGM until October or November, from late September as originally planned, citing two new shareholder motions.The extraordinary general meeting was called in to approve the management's plan to turn the company into an investment group following the sale of its real estate arm for 3.4 bln sfr in July.One of the motions is calling for the group to return the entire proceeds of the real estate sale to its shareholders.andrew.ge.thompson@thomson.comawp/at/ejbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Jelmoli sells real estate portfolio for 3.4 bln sfr, turns into investment group 