Starlet wants to reshuffle Affichage Board of Directors
The shareholder group around the company Starlet Investment has proposed five candidates for election to the General Meeting of Affichage on May 26, 2011, the shareholder group around Starlet Investment has proposed five candidates for election to the Board of Directors and the removal of one Board member whose term of office ends in 2012.
Affichage is currently clarifying whether this application is in order, as the company announced. The shareholder group around the company Starlet Investment holds 5.27 percent of the share capital of Affichage Holding.
According to SDA, Affichage reported a loss of 52.3 million Swiss francs for 2010 due to failed foreign expansion, particularly in Greece. Turnover fell by
10.5 percent to 304.3 million. Two shareholders have filed a lawsuit in Geneva against individual former and current board representatives. Affichage itself filed a lawsuit against the former business partner in Greece.
