Board of Directors acknowledges requests made by Veraison shareholder group
Dietlikon, 4 October 2019 – Yesterday Implenia heard through the media that the shareholder group centred on activist fund Veraison and longstanding Implenia shareholder Max Rössler has called into question the update on its strategy implementation as presented at the Capital Market Day on 1 October 2019. This group wants instead to break up Implenia and replace some members of the Board of Directors.
The shareholder group’s point of view stands in stark contrast to the positive feedback about the strategy – with its integrated business model and focus on better use of the real estate portfolio – that Implenia has had from other shareholders and financial analysts. The Board of Directors and Executive Committee have also received good ratings from corporate governance specialists.
Implenia is surprised by the shareholder group’s aggressive approach, but remains open to constructive dialogue. The Board of Directors will respond in detail to the requests at the appropriate time. However, Implenia has not received any formal proposal with agenda for an Extraordinary General Assembly so far.
Implenia is Switzerland’s leading construction and construction services company. It also has strong positions in the German, French, Austrian, Swedish and Norwegian infrastructure markets, as well as significant building construction and civil engineering operations in Germany and Austria. Established in 2006, Implenia can look back on around 150 years of construction tradition. It brings the expertise of its highly skilled construction units together under the roof of a company active throughout Europe. With the broad offering of Implenia and the deep experience of its specialists, the Group can manage a building project through its entire lifecycle and deliver work that is economical, integrated and customer-centric. The focus is on striking a sustainable balance between financial success and social and environmental responsibility. Implenia, with its headquarters in Dietlikon near Zurich, employs more than 10,000 people in Europe and posted revenue of around CHF 4.4 billion in 2018. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at www.implenia.com.