Talgo Convenes an Extraordinary Board for "Shortcoming" of Quorum on Its Board of Directors

Market Consensus Alphavalue/DIVACONS The railway manufacturing company convened an Extraordinary General Meeting of shareholders for June 27 with the aim of recomposing its board of directors, after leaving this one with insufficient number of members to reach the quorum necessary for its valid constitution and functioning. This situation occurs after the death of its independent council member Emilio Novela Bartín on May 16 in Madrid, accordin…

This has caused the Council to be composed of five members, insufficient to reach the quorum necessary for its valid constitution and functioning, given that the Board, within the minimum and maximum number established in the Company Statutes, fixed the number of members of the Board of Directors at ten.

MADRID, 28 (EUROPA PRESS) Talgo has convened an extraordinary general meeting of shareholders on 27 June to recompose its board of directors, presumably once the entry operation of the Basque consortium headed by Sidenor has been closed in its capital. According to the Basque government, which also integrates that consortium together with BBK [...] The Talgo entry convenes for 27 June the board in which it will recompose its council, after the e…

The irruption of the Basque consortium led by the founder of Sidenor, José Antonio Jainaga, to take control of Talgo at the beginning of the year triggered the...

Talgo, a well-known manufacturer of trains, has announced the convening of an extraordinary general meeting of shareholders due to the insufficiency of members in its board of directors to form a valid quorum, after the death of the councilor Emilio Novela Bartín. This situation obliges the company to recompose its management to continue operating effectively. Urgent call to guarantee governance After the death of Emilio Novela Bartín on May 16,…

Talgo has convened an extraordinary general meeting of shareholders by leaving its board of directors with an "insufficient" number of members to gather the required quorum that allows its constitution and functioning valid, after the death of its independent council member Emilio Novela Bartín on May 16, in Madrid, according to the company's report to the National Securities Market Commission (CNMV) this Wednesday.