logo
Plus   Neg
Share
Email

Lufthansa Currently Expects EGM Attendance To Be Below 50%

Lufthansa AG (DLAKF,DLAKY) said its Executive Board currently expects attendance at the Extraordinary General Meeting on 25 June to be below 50%. The General Meeting is to decide on the capital measures and the 20% stake of the Federal Republic of Germany's Economic Stabilization Fund in the company. Based on the latest statements by the company's largest single shareholder, Heinz-Hermann Thiele, the Board considers it possible that the stabilization package could fail to achieve the two-thirds majority of votes cast. The company noted that this would mean that Deutsche Lufthansa AG would possibly have to apply for protective shield proceedings under insolvency law a few days after the Annual General Meeting.

The Management Board appealed to all private and institutional shareholders to exercise their voting rights. A two-thirds majority of the votes cast is required for the adoption of the stabilization measures if the meeting presence is below 50%. The deadline for registration to attend the Annual General Meeting is 20 June.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT