Shareholders of WISeKey approved all other proposals submitted by the Board of Directors
Zug, Switzerland, June 28, 2024: WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, announced today that its shareholders approved all items on the agenda of WISeKey’s 2024 Annual General Meeting held on June 27, 2024.
Among other things, shareholders re-elected Carlos Moreira, Peter Ward, María Pía Aqueveque Jabbaz, David Fergusson, and Jean-Philippe Ladisa as members of the Board of Directors and elected Philippe Doubre, Philippe Monnier, and John O’Hara as new members of the Board of Directors. Shareholders also re-elected Carlos Moreira as Chairman of the Board of Directors and elected David Fergusson, Philippe Doubre, and Jean-Philippe Ladissa as members of the Nomination and Compensation Committee.
In addition, shareholders approved the Board of Directors’ proposals to effect a per-share nominal value reduction for all Class B shares from currently CHF 2.50 to CHF 0.10 and all Class A shares from currently CHF 0.25 to CHF 0.01, and to allocate the reduction amount to the company’s statutory capital reserves from capital contributions. There will be no distribution to shareholders, and the company’s current equity will not be reduced as a result of this approval. If all further requirements for the capital reduction as provided by Swiss law are fulfilled, the company expects to implement the share capital reduction over the coming weeks.
Shareholders of WISeKey approved all other proposals submitted by the Board of Directors, including the following:
- The 2023 Annual Report and the 2023 audited consolidated and statutory financial statements of the company;
- The discharge of all members of the Board of Directors and the Executive Management from liability for their activities during fiscal year 2023;
- The company’s 2023 compensation report, in an advisory vote;
- The Board of Directors’ and Executive Management’s total compensation for the period until the 2025 AGM and fiscal year 2025, respectively;
- The reaffirmation of the capital band; and,
- The re-election of BDO SA as the company’s auditing firm for a further one-year period and the re-election of the independent proxy for a term extending until completion of the 2025 AGM.
Carlos Moreira, Chairman of the Board of Directors, stated, “I would like to thank our valued shareholders for the continued trust, support, and confidence they have placed in us. I would also like to thank all members of our Board of Directors for their commitment and dedication to WISeKey.”
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