Dockwise Ltd.
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Publicatie datum
13 jul 2012 - 16:32
Statutaire naam
Dockwise Ltd.
Titel
Dockwise Ltd : Dockwise asks Court for Immediate Suspension of Fairstar Management
Bericht
Breda, the Netherlands, 13 July 2012. Dockwise has, through its wholly-owned subsidiary Dockwise White Marlin B.V., requested the Enterprise Chamber of the Amsterdam Appellate Court to schedule a date to hear a request for the immediate suspension of the management of Fairstar Heavy Transport N.V. ("Fairstar"), more in particular of the Chairmen of the Supervisory and Executive Boards. Dockwise will, in addition, request the immediate appointment of new Supervisory and Executive Board members. The Enterprise Chamber court hearing is now set at 26 July 2012. The Enterprise Chamber procedure is in addition to Dockwise's earlier request to the Rotterdam court for authorization to convene an Extraordinary Meeting of Shareholders ("EGM") proposing the appointment of three supervisory board members at Fairstar in addition to the two current members. The Rotterdam court hearing is set at 20 July 2012.
In the current circumstances Dockwise has to initiate legal proceedings to protect the interests of the Fairstar - Dockwise combination and involved stakeholders.
Dockwise has, on various occasions, proposed to Fairstar to agree on finalization of the acquisition of Fairstar by Dockwise, more in particular on:
the recommendation by Fairstar management for an offer on the remaining almost 5% of Fairstar shares not yet owned by Dockwise;
information sharing on contracts, fleet completion and financing arrangements and other relevant matters;
confirmation of Dockwise commitments to Fairstar stakeholders including job security for Fairstar employees and contract security for Fairstar clients;
an exit arrangement for Fairstar management.
While Fairstar had, at some point in time, indicated it was willing to consider a recommendation, they were not willing to adequate provide information, dialogue was frustrated by Fairstar management and, proven by yesterday's press release from Fairstar announcing the intention of the management of Fairstar to pursue a bond issue, the Superv
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Datum laatste update: 10 januari 2026