Panalpina to elect new board of directors
In connection with the public exchange offer by DSV for all publicly held registered shares of Panalpina published on 13 May 2019, the board of directors will propose, at the extraordinary general meeting scheduled for 16 July 2019, the election of the following persons nominated by DSV to the board of directors of Panalpina with effect as of the settlement of the public exchange offer by DSV:
Kurt K. Larsen, as member and chairman of the board of directors and Thomas Plenborg, Jens Bjørn Andersen and Jens H. Lund as members of the board of directors.
Jens Bjørn Andersen und Jens H. Lund are proposed as the members of the compensation committee, also with effect as of the settlement of the offer made by DSV. All current members of the board of directors of Panalpina will resign on that date. (mw)