logo
Plus   Neg
Share
Email

Clariant Postpones AGM Planned For March 30 Due To COVID-19 Pandemic

Swiss specialty chemicals company Clariant AG (CLZNY.PK,CRN.L,CLZNF.PK) Wednesday said its Board of Directors has decided to postpone the 25th Annual General Meeting planned for March 30 due to the worldwide spreading of coronavirus or COVID-19.

The company will announce the new date for the AGM in due course.

The decision was after the declaration by the Swiss Federal Council of an "extraordinary situation" which does not allow Annual General Meetings under the normal conditions, effective March 16.

Under the COVID-19 Ordinance 2, no shareholders are admitted to attend the General Meeting in person. However, the company said it may order that participants may exercise their rights exclusively in writing or in electronic form or through an independent proxy appointed by the company.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Elon Musk, the founder and CEO of Space Exploration Technologies, or SpaceX, said the aerospace company is planning to list its space internet venture, Starlink, after many years when revenue growth is smooth and predictable. In a tweet, Musk said, "We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable. Public market does *not* like erratic It's again that day of the year when coffee lovers celebrate their passion for the caffeinated beverage. It is National Coffee Day today in the U.S. when major food and beverage outlets nationwide promote the coffee culture with deals for coffee fans. In the U.S., major coffee outlets such as Starbucks, Dunkin' Donuts, Wawa, Krispy Kreme, Wendy's and Panera Bread give away free cups of coffee. The state of Ohio ordered General Motors to repay $28 million in tax credits after closing the Lordstown plant, which was in agreement to be operated until 2040. The Ohio Tax Credit Authority said the closure violated the terms of two economic development agreements signed by the company. In separate development, GM announced it is investing $71 million in two other Ohio manufacturing facilities.
Follow RTT