ISS (“Institutional Shareholder Services”), the world’s leading proxy adviser, supports all the proposals submitted by the Board of Directors of the MCH Group to the Extraordinary General Meeting on 27 November 2020. ISS states that the capital increases support the ongoing strategic transformation of the company and strengthen its capital and liquidity position. ISS points out that the MCH Group is active in an industry that has been seriously affected by the current COVID 19 pandemic. Liquidity is an important factor in mastering the challenges of the current economic climate.
The consultancy company Ethos has also issued its voting recommendations for the Extraordinary General Meeting and recommends to approve the Board of Directors’ proposals. Ethos makes an exception with regard to the election of Jeffrey Palker as a member of the Board of Directors, as Ethos believes that the public authorities and Lupa Systems together should not provide more than half of the Board members.