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Synergon EGM appoints new board

The two new big shareholders in IT company Synergon Nyrt, holding company Pannonplast Nyrt and brokerage Cashline Zrt, agreed at an EGM on Tuesday on appointments to the board, Synergon announced.

The appointments were approved by the meeting after an unsuccessful first round. Appointed to the board were Dénes Gyimóthy, Pannonplast's CFO, Attila Juhász, who owns Benji Kft, a big stakeholder in Pannonplast, Ferenc Czakó, Synergon's former president, Balázs Bokorovics, president of Pannonplast, and Róbert Kő, Csaba Major, Zoltán Jeszenszky and Ádám Fenyves, all of Cashline. The mandates are for three years.
The EGM also authorized the board to buy treasury stock up to 10% of the shares in the next 18 months.
Synergon has been without a board since the company's two biggest owners failed to achieve the 75% of votes required to approve appointments at an EGM on June 16. Shareholders voted to give the supervisory board a mandate to oversee the company until September 30.
Cashline and Pannonplast purchased their stakes in Synergon after the June EGM. Pannonplast, together with Benji and Lazarus Zrt, two of its shareholders, holds 18.9% of the votes in Synergon and Cashline holds 24.07%.