gategroup publishes invitation to its Extraordinary General Meeting

Shareholders are called to vote on the election of the designated candidates of the Offeror and HNA Group, respectively as new members to the Board of Directors, the election of the new chairman as well as the new composition of the Compensation Committee. All members of the Board of Directors have already announced that they will resign from their office as members of the Board of Directors subject to the Offer being declared successful. The Board of Directors proposes to elect and re-elect, respectively as members to the Board of Directors of gategroup, subject to the condition precedent that the Offer is successful and effective as of the date of completion of the Offer, each for a one-year term extending until the next annual general meeting of shareholders: Adam Tan as new member and Chairman; Di Xin, Frank Nang, Stewart Gordon Smith and Xavier Rossinyol as new members; and Frederick W. Reid as member of the Board of Directors. A positive shareholder vote on these agenda items is a condition precedent for the successful completion of the Offer. Therefore, the Board of Directors recommends to vote in favor of the agenda items and the proposals of the Board of Directors.

The agenda of the EGM, curriculums vitae of the proposed members of the Board of Directors and further information can be found in the invitation on gategroup’s website by using the following link: www.gategroup.com/investors/extraordinary-general-meeting.

Shareholders who have already tendered their shares, i.e. who have agreed to sell their shares to the Offeror subject to a successful Offer, retain their voting rights for this EGM and are kindly requested to register their shares (unless already done) and cast their votes.

The official, complete and legally binding invitation to the EGM with all agenda items, proposals and explanations by the Board of Directors is being sent today and is being published in the Swiss Commercial Gazette (Schweizerisches Handelsamtsblatt). This announcement is not an invitation to the Extraordinary General Meeting.

For further information related to the public offer by HNA Group, please refer to http://www.hnagroup.com/en/discl/HNA_Website/legal.htmland 
http://www.gategroup.com/investors/hna-to-acquire-gategroup

Contact

communications@gategroup.com
 

About gategroup

gategroup is the leading independent global provider of products, services and solutions relating to a passenger’s onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard products and services to companies that serve people on the move. In 2015, gategroup achieved a total revenue of CHF 3.0 billion and an adjusted EBITDA of CHF169.4 million. The company currently employs more than 28,000 people worldwide. For further information: www.gategroup.com

Forward-Looking Statements

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Note: In the event of any discrepancy or inconsistency between any translated versions of this publication, the English version shall prevail.