The major shareholders in Swiss International Air Lines have extended the present lock-up agreement under which they undertake not to dispose of the SWISS shares they acquired in the company`s capital increase to August 31, 2005…
The major shareholders in Swiss International Air Lines have extended the present lock-up agreement under which they undertake not to dispose of the SWISS shares they acquired in the company`s capital increase to August 31, 2005. The extension will ensure that SWISS remains firmly anchored by both its public and its private-sector shareholders, and can continue its development with a stable shareholder base.
Major shareholders accounting for 86 per cent of SWISS`s total share capital agreed in the last few days to extend their present share lock-up agreement to August 31, 2005. The new date has been chosen as one by which the company`s results for both 2004 and the first half of 2005 will be known. These results can then be used to conduct an objective assessment of the company`s earnings power and future business prospects.
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