Value Base and Danbar Finance Ltd secured a Board seat in SHL Telemedicine Ltd (SHLT)

Key Summary: On Dec 14, 2023, Value Base (8.6%) proposed Mr. Nouberger for the Board. On Dec 26, 2023, Danbar Finance nominated Nir Rotenberg. On Feb 8, 2024, Mr. Nouberger was elected to the Board.

Market Cap: $84 million | SHL Telemedicine Ltd., together with its subsidiaries, develops and markets personal telemedicine solutions in Israel, Europe, and internationally. 

Background

• On December 14, 2023, Value Base (8.6%) sent a letter to the Board proposing Mr. Nouberger as a candidate for election to the Board for the upcoming AGM. Source

• On December 26, 2023, Danbar Finance Ltd. stated that on December 6, 2023, that it wrote to SHL Telemedicine Ltd. to request that Nir Rotenberg be appointed to the board and that such proposal will be included on the agenda for the next annual general shareholders meeting of the Company. Danbar Finance added that if elected, Nir Rotenberg intends to engage in communications with the board of directors and management of the Company regarding opportunities to enhance shareholder value.

Update

At the AGM held on February 8, 2024, Mr. Nouberger and Mr. Rotenberg were elected to serve on the board. Source