2024-04-18 14:47:27
Lucerne (awp) – A twist on SoftwareOne. The current board was almost entirely replaced at Thursday’s general meeting. A sale of the software solution provider is therefore slightly more likely.
As requested by the founding shareholders around Daniel von Stockar, René Gilli and Beat Curti, the shareholders of SoftwareOne have therefore recomposed the board. Only Mr. von Stockar remains on the supervisory body.
Jörg Riboni, Andrea Sieber and René Gilli, all three proposed by the shareholder group, achieved approval rates of between 64.7 and 87.5%. Board members supported by the old board did not even turn up for election after the shareholder vote.
Daniel von Stockar was elected as the new chairman of the board with 64.70% of the votes.
By dismissing the current board, the founding shareholders achieved their goal since they had called an extraordinary general meeting for this purpose.
The sale to Bain Capital is approaching
Thus, a takeover of SoftwareOne by the private capital company Bain Capital is approaching. After the previous board rejected several takeover offers, the founding shareholders now hope that the new board members will move in this direction.
However, they emphasized that there was “no agreement, commitment or other instruction, nor any commercial or personal relationship” between them.
According to media reports, Bain Capital has hinted at the possibility of resuming takeover discussions with a new board. The company recently offered 18.80 Swiss francs per SoftwareOne share. The company is expected to disappear from the stock market after a successful takeover.
Shareholder participation at the general meeting was high. A total of 213 shareholders were present, representing 77.73% of the shares at the event held at the KKL Congress Center in Lucerne.
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