Court upholds Orco share increase

The attempt by activist shareholders in Orco to nullify recent share increases has apparently been thwarted after a Luxemburg court ruled there was nothing improper about the move. Millenius Investissements, Clannathone Stern and Bugle Investments claim the purpose of the share increase was to reduce their ability to unseat Orco CEO JF Ott, but Ott has insisted the company simply needs the new equity.

This decision shall put an end to the attempts of these isolated shareholders to unhinge the group and its management during a critical period

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