{"id":765741,"date":"2023-06-23T12:04:49","date_gmt":"2023-06-23T16:04:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wisekey-shareholders-approved-all-agenda-items-of-the-2023-annual-general-meeting\/"},"modified":"2023-06-23T12:04:49","modified_gmt":"2023-06-23T16:04:49","slug":"wisekey-shareholders-approved-all-agenda-items-of-the-2023-annual-general-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wisekey-shareholders-approved-all-agenda-items-of-the-2023-annual-general-meeting\/","title":{"rendered":"WISeKey Shareholders Approved All Agenda Items of the 2023 Annual General Meeting"},"content":{"rendered":"
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\n WISeKey <\/strong>
\n Shareholders<\/strong>
\n Approved <\/strong>
\n All Agenda Items of <\/strong>
\n
\n the<\/strong>
\n 20<\/strong>
\n 2<\/strong>
\n 3<\/strong>
\n Annual General Meeting<\/strong>\n <\/p>\n

\n
\n Zug, Switzerland<\/strong>
\n , <\/strong>
\n June 2<\/strong>
\n 3<\/strong>
\n ,\u00a020<\/strong>
\n 2<\/strong>
\n 3<\/strong> \u2013WISeKey International Holding Ltd. (\u201cWISeKey\u201d or the \u201cCompany\u201d) (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 2023 Annual General Meeting held on June 22, 2023.<\/p>\n

Among other things, the shareholders re-elected Carlos Moreira, Peter Ward, Maria Pia Aqueveque Jabbaz, Cristina Dolan, David Fergusson, Jean-Philippe Ladisa and Eric Pellaton as members of the Board of Directors. Shareholders also re-elected Carlos Moreira as Chairman of the Board, and Cristina Dolan, David Fergusson and Eric Pellaton were re-elected as members of the Nomination and Compensation Committee. <\/p>\n

In addition, the shareholders approved the Board of Directors’ proposals to effect a 50\u00a0:\u00a01 reverse stock split with respect to Class B Shares and a 25\u00a0:\u00a01 reverse stock split with respect to the Class A Shares. As a result of the different reverse stock split ratios, the aggregate voting power of the Class A Shares has been increased relative to the situation prior to the effectiveness of the reverse stock split. We expect the last trading day of the Class B Shares (par value CHF\u00a00.50 each, i.e.<\/em>, on a pre-reverse stock split basis) on the SIX Swiss Exchange to be on June\u00a029, 2023, and the first trading day of the Class B Shares (par value CHF\u00a02.50 each, i.e.<\/em>, on a post-reverse stock split basis) on the SIX Swiss Exchange to be on June\u00a030, 2023<\/p>\n

Shareholders of WISeKey approved all other proposals submitted by the Board, inlcuding the following: <\/p>\n