Enterprise Chamber turns down request of Albada Jelgersma

The Enterprise Chamber of the Amsterdam Court has turned down the request made by Mr Albada Jelgersma and some other shareholders to postpone the annual meeting of Laurus NV which is planned on June 28, 2002.

This means that this meeting will be held, as scheduled, on June 28, 2002.

The Enterprise Chamber considers that the procedure for convening the annual meeting was not perfectly executed, but that this does not equal out against the major interests which dominate this case. The judge considers also that the main points of the proposed transaction have already been known to the public for quite some time. Furthermore the judge considers it unlikely that Mr Albada Jelgersma will come shortly with an alternative plan.

(source: Laurus)

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