Hudson Group Announces Approval of Shareholder Written Resolution
East Rutherford, NJ – August 6, 2018 – Hudson Ltd. (NYSE: HUD) (“Hudson Group” or “Company”), a leader in North American travel retail, announced the approval of a Shareholder Written Resolution that adopts new bye-laws of the Company. The new bye-laws make certain amendments to the Company’s bye-laws which, among other matters, permit the appointment of one or more Deputy Chairman of the Board of Directors of the Company (the “Board”). The text of the new bye-laws has been furnished to the U.S. Securities Exchange Commission (“SEC”) on Form 6-K and may be accessed free of charge on the SEC’s website and on the Company’s website.
The Shareholder Written Resolution was passed when it was signed by registered shareholders who as of July 31, 2018 (being the date the notice of the proposed resolution was given) held a simple majority of the total voting rights of all issued and outstanding shares of the Company, provided such majority included at least one shareholder holding Class B common shares of the Company.
Subject to the adoption of the new bye-laws, the Board has appointed Mr. James Cohen, a member of the Board, as an additional Deputy Chairman of the Board. In addition, the Board has appointed Mr. Joaquín Moya-Angeler Cabrera to be a member of the Nomination and Remuneration Committee of the Board.