Published: 13-11-2017 17:22

Stern Groep N.V., the listed market leader in automotive retail and services, announces that it will hold an Extraordinary General Meeting on 21 December 2017 at which the principal agenda item will be a presentation of the recently approved strategic plan for the period until the end of 2020.

Stern Group has been working on a strategic plan for the period until year-end 2020 supported by an external adviser for more than a year. The plan entered the implementation phase at the beginning of October 2017. The plan is an extension of “More Solutions and Services”, meaning that the operations of Dealergroup Stern will form the solid basis for the accelerated expansion of Stern Mobility Solutions (SternLease, SternRent, SternPartners and the other financial mobility products) and Stern Car Services (SternPoint, SternTec and SternParts). The proposed major shift of focus of the operations of Stern Group to more profitable activities that require less working capital and are less cyclical will significantly improve the results of Stern Group and make the results more predictable. A detailed presentation of Stern Group’s plans for the coming years will be given at the Extraordinary General Meeting.

This transition from a classic dealer holding company into a leading mobility group  and the successful implementation of the strategic plan require the addition of a fifth supervisory director to the Supervisory Board  with exceptional qualities with respect to the repositioning of companies and long-term value creation. A search for a suitable candidate for this position on the Supervisory Board has been ongoing in recent months. We have recently found such a candidate in the person of Mr Nielen. For further information on Mr Nielen, see the Agenda for the Extraordinary General Meeting.

The Convening Notice and the Agenda with notes are published on the company’s website, (under Investor Relations and then General Meeting).

Holders of bearer shares wishing to attend the meeting in person or by proxy should inform the company accordingly through the Intermediary with which their shares are held or via not later than 17:00 hours on Thursday 14 December 2017. The registration date for the meeting is Thursday 23 November 2017.

Press here for the press release dated 09 November 2017 in English

Klik hier voor de pdf van het volledige persbericht d.d. 09 november 2017 in het Nederlands