Staffing agency USG People wants to create the possibility to protect itself against a hostile takeover by issuing preferential shares, the company announced on Friday.
The company wants to issue 65 million preferential shares, around 50% of its share capital. The shares would be owned by a foundation run by independent managers, CEO Ron Icke said in a statement.
Shareholders will be asked to agree the move at a special general meeting on December 23.
For the full USG People statement, click here
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation