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Vote passed to delist Vard amid protest from some minorities
Four-hour-long extraordinary general meeting ends with inevitable vote outcome
Add BT as a preferred sourcePublished Tue, Jul 24, 2018 · 09:50 PM
Singapore
A four-hour-long extraordinary general meeting (EGM) ended with a vote outcome that shareholders of Vard Holdings knew was inevitable from the start.
Some 96.43 per cent of those present voted for the delisting of the shipbuilder, the bulk of this from the controlling shareholder Fincantieri Oil & Gas which owns a 83.7 per cent stake. The remaining 3.57 per cent voted against.
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