ISS (“Institutional Shareholder Services”), the world’s leading proxy adviser, supports all the proposals submitted by the Board of Directors of the MCH Group to the Extraordinary General Meeting on 3 August 2020. The assessment of ISS is based on the compelling strategic rationale for the capital measures necessary to strengthen the company’s capital base, which has been weakened by the corona crisis. ISS does not consider the dilution of shareholders resulting from the conversion of the loan from the Canton of Basel-Stadt into equity to be excessive, considering shareholders will be granted full subscription rights in the second tranche of the planned capital increase.
On 24 July 2020, the Swiss Takeover Borad informed the MCH Group that on 23 July 2020, LLB Swiss Investment AG had made an objection against the decision 765/01 of the Takeover Board of 13 July 2020 in the MCH Group Ltd. case. The MCH Group Ltd. will submit its comments to the Takeover Board within the period of several days granted.
The MCH Group is adhering to the fact that the Extraordinary General Meeting scheduled for 3 August 2020 will be held as planned.
