KERNEL: strona spółki
17.03.2026, 13:19
KER LUXEMBOURG COURT OF APPEAL REJECTS MINORITY SHAREHOLDERS’ CLAIMS
Further to Current Report No. 41/2024 dated 9 December 2024, Kernel Holding S.A., a Luxembourg-registered company (the "Company"), announces a further legal victory in appeal proceedings against a group of minority shareholders.
Claimants had brought proceedings against the Company and its majority shareholder, Namsen Limited, seeking, before the Luxembourg interim relief judge, a suspension of the resolutions adopted at the Company's Annual General Meeting of 11 December 2023. On 27 November 2024, the Vice-President of the Luxembourg District Court declared all claims inadmissible and dismissed them in their entirety, ordering the claimants to pay procedural indemnities to both the Company and Namsen Limited. The order dated 27 November 2024 was subsequently appealed by the claimants. On 13 March 2026, the Luxembourg Court of Appeal upheld the order dated 27 November 2024 in full, declaring the appeal unfounded on all grounds. The Court of Appeal additionally ordered the claimants to pay procedural costs. The Company notes that this constitutes the third consecutive court ruling in its favour in proceedings brought by the same group of minority shareholders, whose abusive and vexatious litigation has been consistently rejected and sanctioned by the Luxembourg courts with costs awards. The Company will continue to defend itself vigorously against all remaining unfounded claims.
Claimants had brought proceedings against the Company and its majority shareholder, Namsen Limited, seeking, before the Luxembourg interim relief judge, a suspension of the resolutions adopted at the Company's Annual General Meeting of 11 December 2023. On 27 November 2024, the Vice-President of the Luxembourg District Court declared all claims inadmissible and dismissed them in their entirety, ordering the claimants to pay procedural indemnities to both the Company and Namsen Limited. The order dated 27 November 2024 was subsequently appealed by the claimants. On 13 March 2026, the Luxembourg Court of Appeal upheld the order dated 27 November 2024 in full, declaring the appeal unfounded on all grounds. The Court of Appeal additionally ordered the claimants to pay procedural costs. The Company notes that this constitutes the third consecutive court ruling in its favour in proceedings brought by the same group of minority shareholders, whose abusive and vexatious litigation has been consistently rejected and sanctioned by the Luxembourg courts with costs awards. The Company will continue to defend itself vigorously against all remaining unfounded claims.