Panalpina to hold extraordinary general meeting

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Panalpina’s board of directors will hold an extraordinary general meeting on 5 April to discuss implementing One Share – One Vote.

The meeting will be held at the Congress Center in Basel, Switzerland at 14.00 local time to support the motion by shareholder Ernst Goehner Foundation to implement the One Share – One Vote standard.

On 25 February, the foundation requested to amend the articles of association of Panalpina by lifting the 5% registration restriction and the 5% voting restriction in order to enhance corporate governance.

DSV made a takeover bid for Panalpina in January, but the Ernst Goehner Foundation, the largest shareholder informed the board of directors that it did not support the proposal, saying Panalpina should pursue an independent strategy of mergers and acquisitions.