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General

Telenet rejects Lucerne proposals for EGM

Tuesday 11 September 2018 | 09:36 CET | News
Belgian operator Telenet has rejected a request from the activist shareholder Lucerne to add items to its EGM later the month. The shareholder wants the company to set a long-term dividend policy and conduct an investigation into a possible conflict of interest with its largest shareholder Liberty Global. Telenet said that Lucerne could not prove that it had the minimum 3 percent shareholding to place items on the agenda, and furthermore, only the board of directors, and not the shareholders meeting could decide on such items, De Tijd reports. 

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Categories: General
Companies: Liberty Global / Telenet
Countries: Belgium
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