{"id":7926,"date":"2008-06-19T00:00:00","date_gmt":"2008-06-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-lose-shareholder-vote-on-jelmoli-stock-split","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/hedge-funds-lose-shareholder-vote-on-jelmoli-stock-split.html","title":{"rendered":"Hedge funds lose shareholder vote on Jelmoli stock split"},"content":{"rendered":"<p>Forbes- Four <a href=\"http:\/\/www.forbes.com\/feeds\/ap\/2008\/06\/16\/ap5121515.html?partner=lingospot\">hedge funds<\/a> that own shares in Jelmoli Holding AG. have failed to win over investors at a vote over a proposed <a href=\"http:\/\/www.forbes.com\/markets\/feeds\/afx\/2008\/05\/07\/afx4978424.html?partner=lingospot\">stock split<\/a> and a special dividend at the Swiss retail and real estate companies. <\/p>\n<p>The four funds Franklin Mutual, Fortelus, Sandelman und Obrem had filed a motion at Wednesday&#8217;s annual general meeting for a 5 to 1 split of the bearer shares and an extraordinary dividend of 115 Swiss francs, which would have resulted in owners of bearer shares losing <a href=\"http:\/\/www.forbes.com\/special_contributors\/2008\/06\/13\/yahoo-google-ads-tech-cx_pco_0613paidcontent.html?partner=lingospot\">voting power<\/a> to holders of registered shares.<\/p>\n<p>Investor Georg von Opel, who owns 25.2 percent of Jelmoli&#8217;s share capital but 52.9 percent of the <a href=\"http:\/\/www.forbes.com\/personalfinance\/2008\/05\/12\/clr-cby-sigma-pf-gurus-in_jl_0512gurupicks_inl.html?fc_c=1160777x2107288x18499121&#038;partner=lingospot\">voting rights<\/a>, opposed the plans.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2008\/06\/18\/afx5129774.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes- Four hedge funds that own shares in Jelmoli Holding AG. have failed to win over investors at a vote over a proposed stock split and a special dividend at the Swiss retail and real estate companies. The four funds [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[963,958,959,526,960,93,83,961,962],"class_list":["post-7926","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-appointment","tag-bbc-news","tag-comcast","tag-contention","tag-fertilisers","tag-j-p-morgan","tag-medallion","tag-sub-prime-crisis","tag-tse"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7926"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7926\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}