Enviro EGM Set to Confirm Michelin Deal

Enviro EGM

Prior to the Extraordinary General Meeting (EGM) in Scandinavian Enviro Systems (Enviro), the company will, as announced earlier, arrange a virtual information meeting, at which shareholders and capital market representatives will also be able to address.

Enviro Calls EGM

As announced earlier by the company, the signed, definitive agreements that form the basis of the strategic partnership with Michelin require the approval of an EGM before they can enter into force. The reason for this is that Michelin, due to its large shareholding in Enviro, is to be regarded as a closely related party. As facilitation for the shareholders and the capital market in evaluating the agreements and their effects for Enviro, the company will arrange a virtual information meeting for owners and the capital market ahead of the EGM, as was communicated earlier.

The virtual information meeting will be held on March 2nd at 4:00 p.m. At the meeting, representatives of the company and its Board of Directors will answer questions about the agreements with Michelin, but primarily provide information on the opportunities that the partnership entails for Enviro’s expansion going forward. In this context, the company will also report on its view of the development of the global market for recovered materials from end-of-life tyres and the opportunities these offer. A compilation of the most important points in this report will be distributed to the capital market in the form of a press release in direct connection with the virtual meeting.

Notice of the said EGM was published separately on February 16th and is available on the company website via the following link: https://www.envirosystems.se/en/press-releases/notice-convening-the-extraordinary-general-meeting-of-scandinavian-enviro-systems-ab-publ-2021-02-16/

 

About the author

Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.

Email: ewan.scott@tyreandrubberrecycling.com

 

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