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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Otello Corporation ASA    OTEC   NO0010040611

OTELLO CORPORATION ASA

(OTEC)
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Real-time Quote. Real-time Oslo Bors - 01/22 10:25:23 am
25.9 NOK   -0.38%
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Otello : Sand Grove Responds to Results of the Extraordinary General Meeting Regarding Proposed Changes to the Board and Nomination Committee of Otello

09/04/2020 | 06:48am EST

Sand Grove Capital Management LLP (“Sand Grove”) notes the results of the Extraordinary General Meeting held today to vote on proposed changes to the Board and Nomination Committee of Otello Corporation ASA (“Otello” or the “Company”).

Whilst Sand Grove is disappointed that shareholders have in a majority voted against its proposals for the Board of Directors of the Company and the Nomination Committee of the Company, we note that the votes were exceptionally close. Sand Grove’s sole objective was to put in place a Board with the breadth of experience and abilities required to deliver value for all shareholders. We do not believe that this result is a strong endorsement of the current Board of Directors and Nomination Committee.

Sand Grove remains committed to changing Otello’s corporate governance for the benefit of all shareholders and will review next steps in the coming days. We anticipate updating all Otello stakeholders in the near term.


© Business Wire 2020
All news about OTELLO CORPORATION ASA
01/20OTELLO : Vewd litigation update
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01/18OTELLO : Unit Moves Forward With IPO Plan On Brazilian Stock Exchange
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01/14OTELLO : Update on Vewd litigation
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2020OTELLO : Corporate information
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2020OTELLO : Summons and agenda to extraordinary general meeting in Otello Corporati..
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More news
Financials
Sales 2020 2 232 M 264 M 264 M
Net income 2020 4,31 M 0,51 M 0,51 M
Net Debt 2020 34,4 M 4,07 M 4,07 M
P/E ratio 2020 375x
Yield 2020 -
Capitalization 3 564 M 420 M 421 M
EV / Sales 2020 1,61x
EV / Sales 2021 1,39x
Nbr of Employees 616
Free-Float 85,8%
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Technical analysis trends OTELLO CORPORATION ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 44,00 NOK
Last Close Price 25,90 NOK
Spread / Highest target 69,9%
Spread / Average Target 69,9%
Spread / Lowest Target 69,9%
EPS Revisions
Managers and Directors
NameTitle
Lars Rahbæk Boilesen Chief Executive Officer
Andre Alexander Christensen Chairman
Petter Andrè Lade Chief Financial Officer
Andrzej Dzius Chief Technology Officer
Frode Jacobsen Director
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