Alatus Capital SA

  • Land: Schweiz

Nachricht vom 12.06.2019 | 09:33

​Alatus Capital against United Internet's attempt to control the Supervisory Board of Tele Columbus


DGAP-Media / 12.06.2019 / 09:33

Geneva, Switzerland / Berlin, Germany, June 12, 2019 - Alatus Capital S.A., an asset manager based in Geneva, Switzerland, that is a long-term shareholder of Tele Columbus AG (ISIN DE000TCAG172, "Tele Columbus"), to which currently more than 3% of the shares are attributed to from managed funds, has today published the following statement on the surprising voting proposal of United Internet (ISIN DE0005089031, "United Internet") for the Supervisory Board of Tele Columbus:
 
"The implementation of the turnaround strategy must be the first priority for the Management and the company. In our opinion, the Supervisory Board members of Tele Columbus should not only be capable in terms of their skills, but they should also act independent of individual interests and for the benefit of all shareholders and the company. The candidates proposed by Tele Columbus fulfil these criteria. The slate put forward by United Internet does not.
 
Since United Internet has neither discussed its proposed candidates with the company nor the other shareholders, we consider the actions of United Internet as hostile towards the company, its management and the remaining shareholders. United Internet is a competitor of Tele Columbus and its interests can be in direct conflict with those of the other shareholders. United Internet's CEO, Ralph Dommermuth, is seeking to exercise full control of the company with less than 30% of its capital and the unrest he is creating is putting the turnaround initiated by the new management team at Tele Columbus at risk."
 
 
About Alatus Capital S.A.
 
Alatus Capital S.A. is an Investment Manager based in Geneva, Switzerland. Alatus Capital's focus is on long-term capital preservation and appreciation via investments in publicly traded equities. The firm uses a proprietary free-cash-flow based framework to invest primarily in Europe-headquartered companies that often are leaders in global niches and have substantial global exposure, while benefiting from quality corporate governance. www.alatus.ch
 
 
Press contact
 
Charles Barker Corporate Communications GmbH
Tobias Eberle / Peter Steiner
Fon +49 69 79 40 90 -24 / -27
Tobias.Eberle@charlesbarker.de
Peter.Steiner@charlesbarker.de 
 
 


End of Media Release


Issuer: Alatus Capital SA
Key word(s): Finance

12.06.2019 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


show this

GBC-Fokusbox

Fonds Research 2019: Dt. Mittelstandsanleihen FONDS bietet attraktive Anlagemöglichkeit

Auch 2019 hat die GBC AG unter der Vielzahl an Publikumsfonds neun „Fonds Champions“ herausgefiltert. Darunter den Deutsche Mittelstandsanleihen FONDS (ISIN: LU0974225590), der eine qualitätsorientierte Strategie verfolgt und eine vielversprechende Anlagemöglichkeit in den deutschen Mittelstand bietet. Insbesondere vor dem Hintergrund des aktuellen Niedrigzinsniveaus sehen wir den Fonds als gute Chance, um attraktive Renditen zu erwirtschaften und dies verbunden mit einer traditionell niedrigen Fonds-Volatilität. Wir vergeben 5 von 5 GBC-Falken ein.

News im Fokus

E.ON SE: E.ON vollzieht Erwerb der innogy-Anteile von RWE

18. September 2019, 22:30

Aktuelle Research-Studie

Original-Research: dynaCERT Inc (von GBC AG): BUY dynaCERT Inc

20. September 2019