January 31, 2020 / 5:15 PM / 20 days ago

BRIEF-Swiss Takeover Board re-confirms validity of "opting out" clause in LEM articles of association

Jan 31 (Reuters) - Lem Holding SA:

* SWISS TAKEOVER BOARD RE-CONFIRMS VALIDITY OF "OPTING OUT" CLAUSE IN LEM ARTICLES OF ASSOCIATION

* ANY SHAREHOLDER OR GROUP OF SHAREHOLDERS WHO EXCEEDS THRESHOLD OF 33% OF VOTING RIGHTS OF LEM HOLDING SA, IS NOT OBLIGED TO MAKE A PUBLIC TAKEOVER BID FOR REMAINING SHARES

* IN THIS NEW DECISION, TAKEOVER BOARD HAS REJECTED OBJECTION OF LEM'S SHAREHOLDER 7-INDUSTRIES HOLDING B.V. AGAINST ITS DECISION OF 25 OCTOBER 2019 Source text for Eikon: Further company coverage: (Reporting by John Miller)

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