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Tether Plans to Participate in Juventus' €110 Million Capital Increase Plan and Submits Board Candidate List
Summary: According to Reuters, Tether plans to submit its proposed board candidate list at the annual shareholder meeting of Italian football club Juventus (stock code: JUVE.MI) next month. Tether currently holds 10.7% of Juventus' shares, making it the second largest shareholder after the Agnelli family's investment company Exor, which holds 65%. Juventus will vote on board ...
According to Reuters, Tether plans to submit its proposed board candidate list at the annual shareholder meeting of Italian football club Juventus (stock code: JUVE.MI) next month. Tether currently holds 10.7% of Juventus' shares, making it the second largest shareholder after the Agnelli family's investment company Exor, which holds 65%. Juventus will vote on board elections at the annual shareholder meeting on November 7. Tether also plans to propose some governance structure adjustments at the meeting, but did not provide further details. Additionally, Tether stated its intention to participate in Juventus' board's proposed capital increase plan of up to €110 million (approximately $129 million). Exor has already paid nearly €30 million for this capital increase.
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Link: Tether Plans to Participate in Juventus' €110 Million Capital Increase Plan and Submits Board Candidate List [Copy]
