WISeKey International Holding Ltd Announces Agenda of its 2021 Annual
General Meeting of Shareholders
Zug, Switzerland, April 29, 2021 -- WISeKey International Holding Ltd.
("WISeKey" or "Company") (SIX: WIHN, NASDAQ: WKEY), a leading global
cybersecurity and IoT company, announced today that the Board of
Directors has recommended certain proposals for shareholder approval at
the 2021 Annual General Meeting of Shareholders ("AGM"), scheduled for
May 25, 2021.
Due to the extraordinary situation in connection with the COVID-19
(coronavirus) pandemic, the AGM will not take place in the usual format
and shareholders will not be able to attend the AGM in person.
Shareholders may exercise their voting rights only by giving electronic
or written voting instructions to their independent voting rights
representative, as further described in the Company's AGM notice to be
published on or about April 29, 2021.
Key item that the Board of Directors recommends shareholders to approve
are:
-- The re-election of Carlos Moreira, Philippe Doubre, David Fergusson,
Peter Ward, Eric Pellaton, Jean-Philippe Ladisa and Hans-Christian Boos
as members of the Board, each for a term extending until completion of
the 2022 AGM;
-- The re-election of Carlos Moreira as Chairman of the Board for a term
extending until completion of the 2022 AGM, and the re-election of David
Fergusson, Philippe Doubre and Eric Pellaton as members of the Board's
Nomination & Compensation Committee, each for a term extending until
completion of the 2022 AGM;
-- The renewal and increase of the Company's authorized share capital.
Pursuant to the proposal, the Board of Directors' authority under the
authorized share capital will relate to 21.5 million new Class B Shares;
-- The renewal and increase of the Company's conditional share capital,
authorizing the issuance of (1) approximately 25.1 million Class B Shares
in connection with bonds, options, warrants, notes and other convertible
instruments, and (2) approximately 6.3 million Class B Shares to
employees, members of the Board of Directors, consultants and other
persons providing services to the Company or its group companies under
the Company's equity incentive plans;
-- The maximum aggregate amount of compensation of (i) the Board for the
period between the 2021 AGM and the 2022 AGM and (ii) the Company's
executive management for financial year 2022 pursuant to Swiss law and
the Company's articles of association;
-- The 2020 compensation report (advisory vote); and
-- The discharge of the members of the Board and executive management from
liability for activities during fiscal year 2020.
The Company will also seek approval, among other things, of the 2020
Annual Report, including the 2020 Consolidated Audited Financial
Statements.
About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global
cybersecurity company currently deploying large scale digital identity
ecosystems for people and objects using Blockchain, AI and IoT
respecting the Human as the Fulcrum of the Internet. WISeKey
microprocessors secure the pervasive computing shaping today's Internet
of Everything. WISeKey IoT has an install base of over 1.5 billion
microchips in virtually all IoT sectors (connected cars, smart cities,
drones, agricultural sensors, anti-counterfeiting, smart lighting,
servers, computers, mobile phones, crypto tokens etc.). WISeKey is
uniquely positioned to be at the edge of IoT as our semiconductors
produce a huge amount of Big Data that, when analyzed with Artificial
Intelligence (AI), can help industrial applications to predict the
failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey's Swiss based
cryptographic Root of Trust ("RoT") provides secure authentication and
identification, in both physical and virtual environments, for the
Internet of Things, Blockchain and Artificial Intelligence. The WISeKey
RoT serves as a common trust anchor to ensure the integrity of online
transactions among objects and between objects and people. For more
information, visit
https://www.globenewswire.com/Tracker?data=z4u3nKzKg-WeLeIg32JrWeJPSi5eID_YtMxxjlcO0ZOhc5z0SCrLFkPVBJ5Px4SGGKDjrnqT5qKcZtELuif1i7iWBuWm2PWsW25z6Q3ofAlPMgQLrD7AUrZk8JRQvkKyot1-uLcF3bnzHrJ0MgKiHtciO5Le5Z88p3NpLs7j6jHE0ZAnkrXcfdQEUK5Fa5MbGkeV8Fncun3jN_3f5IhQySKKehU1_rWPkjhTkoDBSaA=
www.wisekey.com.
Press and investor contacts:
WISeKey International Holding Ltd WISeKey Investor Relations (US)
Company Contact: Carlos Moreira Contact: Lena Cati
Chairman & CEO The Equity Group Inc.
Tel: +41 22 594 3000 Tel: +1 212 836-9611
mailto:info@wisekey.com info@wisekey.com mailto:lcati@equityny.com lcati@equityny.com
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Disclaimer:
This communication expressly or implicitly contains certain
forward-looking statements concerning WISeKey International Holding Ltd
and its business. Such statements involve certain known and unknown
risks, uncertainties and other factors, which could cause the actual
results, financial condition, performance or achievements of WISeKey
International Holding Ltd to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake to
update any forward-looking statements contained herein as a result of
new information, future events or otherwise.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities, and it does not
constitute an offering prospectus within the meaning of the Swiss
Financial Services Act ("FinSA"), the FInSa's predecessor legislation or
advertising within the meaning of the FinSA. Investors must rely on
their own evaluation of WISeKey and its securities, including the merits
and risks involved. Nothing contained herein is, or shall be relied on
as, a promise or representation as to the future performance of WISeKey.
(END) Dow Jones Newswires
April 29, 2021 01:00 ET (05:00 GMT)