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23-11-2006 Today Centaurus and Paulson have requested Stork to convene a third Extraordinary Shareholders Meeting ("EGM") at which they want to propose a vote of no-confidence in the Supervisory Board and to give shareholders the right to approve acquisitions or disposals above 100 million euro.
Stork rejects the approach Centaurus and Paulson now wish to choose, as well as all allegations towards the Supervisory Board in todays letter. Additionally, Stork fundamentally disagrees with the proposal that Centaurus and Paulson have presented during the EGM of 12 October 2006.
"The key issue should be the best strategy for Stork. During the last nine months we have reviewed and analysed our strategy several times, which each time has led to a clear conclusion: there is a significant potential for further value creation in all of Stork's businesses and they all continue to benefit from Stork's overall size and strength", commented Sjoerd Vollebregt, CEO of Stork.
Stork is convinced that the request is not in the interest of the company, its employees, customers and other stakeholders. "The turbulence surrounding our company will continue and this will obviously have a negative effect on our company", said Sjoerd Vollebregt.
Stork is currently considering the request of Centaurus and Paulson.
Stork N.V. / Dick Kors
Tel.: +31 (0)35 695 75 75 or +31 (0)6 51 98 40 54
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