EXchange Investors N.V.
EXchange Investors backs minimum quorum requirement for actions to rescind
EXchange Investors N.V. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Amsterdam, November 21th 2007. EXchange Investors’ board of directors is backing the plan to link the approval of actions to rescind shareholder resolutions to a minimum quorum. In accordance with this, leave will only be given to (small) shareholders to mount actions where they can prove ownership of a predefined amount of a company’s share capital or nominal value. The board made the following comment on the extremely recent, heated debate and press reports regarding the so-called 'terrorist shareholder suits' phenomenon: The right to mount an action to rescind protects shareholders’ legitimate individual interests and lays the foundations for taking legal action against prejudicial treatment at shareholder meetings. Experience shows that shareholder meetings often vote in favour of compulsory expropriations and also set compensation for minority shareholders at amounts frequently far below the minimum offer required by law. Self-defence against compulsory expropriation must remain an inherent part of ownership, if the capital markets do not wish to bear further losses. EXchange Investors engages in actions to rescind shareholder resolutions exclusively as a tool to protect invested capital from its managed fund assets and thus absolutely in accordance with the wishes of the company and its shareholders. The board of directors condemns the abuse of rights of action by individual (professional) plaintiffs, who block decisions for malicious or polemical reasons, but sees them – similarly to unfair practice watchdogs – as a catalyst for proper decision making in conformity with the law. Frank Scheunert CEO EXchange Investors N.V. scheunert@exchange-investors.com Profile EXchange Investors is the leading supplier of hedge fund management and investigative capital strategies with a focus on Germany. The activities range from classic hedge funds strategies to activism strategies. CUSIP number: A0JD8H | ISIN: NL0000187912 | Listed: Frankfurt (Germany) Contact EXchange Investors CEO Frank Scheunert Orlyplein 85 1043 DS Amsterdam Netherlands Phone: +31 20 4037-485 Fax: +31 20 4037-486 info@exchange-investors.com www.exchange-investors.com 21.11.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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