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Rhoen-Klinikum says law suit has been filed against AGM vote
July 15, 2014 / 3:40 PM / 3 years ago

Rhoen-Klinikum says law suit has been filed against AGM vote

FRANKFURT, July 15 (Reuters) - German hospitals operator Rhoen-Klinikum said a law suit has been filed against a shareholder vote at its recent annual general meeting to use the proceeds from a sale of hospitals to buy back shares.

The company said it would defend itself against the law suit, seeking court approval to go ahead with the share buy-back anyway.

It added that if it does not succeed, it could revert to an alternative shareholder-approved plan to pay a special dividend in lieu of a share buy-back.

Reporting by Ludwig Burger; Editing by Arno Schuetze

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