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?Alatus Capital against United Internet's attempt to control the Supervisory Board of Tele Columbus

12.06.2019, 09:33:52 (www.4investors.de - in Kooperation mit DGAP - EQS Group):

DGAP-Media / 12.06.2019 / 09:33

Geneva, Switzerland / Berlin, Germany, June 12, 2019 - Alatus Capital S.A., an asset manager based in Geneva, Switzerland, that is a long-term shareholder of Tele Columbus AG (ISIN DE000TCAG172, "Tele Columbus"), to which currently more than 3% of the shares are attributed to from managed funds, has today published the following statement on the surprising voting proposal of United Internet (ISIN DE0005089031, "United Internet") for the Supervisory Board of Tele Columbus:
"The implementation of the turnaround strategy must be the first priority for the Management and the company. In our opinion, the Supervisory Board members of Tele Columbus should not only be capable in terms of their skills, but they should also act independent of individual interests and for the benefit of all shareholders and the company. The candidates proposed by Tele Columbus fulfil these criteria. The slate put forward by United Internet does not.
Since United Internet has neither discussed its proposed candidates with the company nor the other shareholders, we consider the actions of United Internet as hostile towards the company, its management and the remaining shareholders. United Internet is a competitor of Tele Columbus and its interests can be in direct conflict with those of the other shareholders. United Internet's CEO, Ralph Dommermuth, is seeking to exercise full control of the company with less than 30% of its capital and the unrest he is creating is putting the turnaround initiated by the new management team at Tele Columbus at risk."
About Alatus Capital S.A.
Alatus Capital S.A. is an Investment Manager based in Geneva, Switzerland. Alatus Capital's focus is on long-term capital preservation and appreciation via investments in publicly traded equities. The firm uses a proprietary free-cash-flow based framework to invest primarily in Europe-headquartered companies that often are leaders in global niches and have substantial global exposure, while benefiting from quality corporate governance. www.alatus.ch
Press contact
Charles Barker Corporate Communications GmbH
Tobias Eberle / Peter Steiner
Fon +49 69 79 40 90 -24 / -27Tobias.Eberle@charlesbarker.dePeter.Steiner@charlesbarker.de 

End of Media Release
Issuer: Alatus Capital SA
Key word(s): Finance
12.06.2019 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

823101  12.06.2019 



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