Nano Dimension has issued a letter to its shareholders in reference to its upcoming 2023 Annual Basic Assembly (AGM) of shareholders, addressing Murchinson’s makes an attempt to enact change on the Nano Board. The corporate has additionally launched a video with a message from CEO and Chairman Yoav Stern, through which he highlights “sturdy efficiency and vital long-term worth creation” from Nano, whereas addressing “lack of a strategic plan” from Murchinson.
Nano is urging shareholders to “shield their funding” and the way forward for the corporate by voting for the entire Nano Dimension nominees for the board. Nano’s 2023 AGM will probably be held on September 7, 2023, and shareholders of document as of the shut of enterprise on July 31, 2023, are entitled to vote on the assembly.
Within the letter to shareholders, Nano Dimension reiterated the intention of CEO Yoav Stern to step down if any of Murchinson’s nominees are elected, and stated that senior administration signifies “doubtlessly related intentions”.
Nano stated: “With no perception into the enterprise, one can solely conclude that Murchinson’s intention is to take management of the corporate and liquidate Nano’s money property.”
The letter stated that beneath Nano’s present technique, revenues of the corporate tripled from 2020 to 2021, and grew greater than 12x between 2020 and 2022. The corporate says it expects income to proceed rising as its “purchase and construct” platform scaling technique is superior.
Nano’s letter additionally says that its “bold and targeted” M&A technique, mixed with “sturdy natural development”, has pushed vital worth creation in recent times. The corporate additionally stated that the authorisation given to the corporate to repurchase 227.5 million USD in American Depositary Shares is a part of Nano being dedicated to returning money to shareholders.
The total letter to shareholders might be learn right here.
The video from Chairman and CEO Yoav Stern might be considered right here.
Learn extra:
An entire timeline of the Stratasys + Nano Dimension + Desktop Metallic + 3D Techniques story (up to now)
Nano Dimension CEO to resign if Murchinson features illustration on Nano Board
Nano Dimension addresses Murchinson’s nominees to its Board of Administrators and initiates $227.5 million share repurchase plan
Murchinson in new try and enact change at Board degree of Nano Dimension