ARCHIVED FORUM -- April 2007 to March 2012READ ONLY FORUM
This is the first Archived Forum which was active between 17th April 2007 and 1st March February 2012
Extraordinary General Meeting.Bang & Olufsen a/s will hold an extraordinary General Meeting on:Wednesday 4 March 2009 at 4.30 pm CET in Struer Statsgymnasium, Jyllandsgade 2, DK-7600 Struer, Denmark.
Any idea on what's to be discussed or shown?
Sounds ominous!!
Well, they've recently removed the distinction between A-shares and B-shares (where the A-shares were non-tradeable), they're reaching out for new funding, and will have to have shareholder approval for a number of the measures they're contemplating, I should think.
Given the state of the world economy, being a luxury brand is difficult these days. Even Daimler and BMW are contemplating collaboration, tells you how dire things are.
Here is an explanation of the meeting.
Bang & Olufsen A/S Notice to convene extr.general meeting Notice of an extr
Beovision 7-55 with Beolab 7-4, 9s and 4000s
Beovision 10-40 with Beolab 1s and 6000s
Beosound 1, 5, 2000, and 3000
Beotime, Beotalk, Beocoms
Is this new share issue to be dilutive? Does anyone have any idea what the new funds will be used for - i.e. new investment or just to remain solvent?
Generally speaking, you aren't learning much if your lips are moving.