B2 Impact ASA – Current status regarding proposal for new board
B2 Impact ASA (“B2I” or the “Company”) has on 5 December 2023 issued a Notice for Extraordinary General Meeting (“EGM”) to be held on 27 December 2023. The EGM has been requested by a group of shareholders (the “Shareholder Group”) for the election of new members to the Board and election of new members to the nomination committee. On 27 November 2023 the Shareholder Group reported a holding of 94 113 527 shares (24.3%).
B2I has been in dialogue with shareholders to discuss the proposals put forward by the Shareholder Group. Leading shareholders have raised concerns that the proposal is imbalanced with 24.3% of the B2I shareholders requesting control of the board. Another concern raised by shareholders is lack of continuity with only one of the existing board members proposed to continue on the board. Shareholders holding approximately 40% of the shares (42% of the votes, adjusted for treasury shares holding no voting rights) have indicated that they will vote against the Shareholder Group's proposal on this basis.
In Annex 2 to the Notice for EGM you will find instructions for enrollment, voting in advance and delegation of proxy. The notice can be found here:
https://www.b2-impact.com/siteassets/b2-impact-asa---notice-of-extraordinary-general-meeting-27-december-2023.pdf
For further information, please contact:
Contacts
Harald Thorstein, Chair
Tel +44 7557 284548
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About B2 Impact ASA
B2 Impact ASA is one of the leading pan-European debt management companies. B2 Impact offers solutions to the challenges created by defaulted loans, and provide liquidity to financial institutions, contributing to a healthier financial system. B2 Impact promote lasting financial improvement through transparent and ethical debt management. The Company was founded in 2011 and employs around 1,700 people. B2 Impact ASA is headquartered in Oslo, Norway and the B2 Impact share is listed on the Oslo Stock Exchange under the ticker "B2I". For further information, visit www.b2-impact.com (http://www.b2-impact.com/)
