Klabin (KLBN11) announced on Tuesday that minority shareholders were asked to adopt the multiple voting procedure for the election of the board of the paper and pulp manufacturer.
The company did not identify in order to shareholders which investors placed the request, but said that together its stakes in the company represent more than 5% of the voting capital.
“Therefore … the election of the board of directors of the company, to be held at the ordinary general meeting convened for April 24, may be carried out with the adoption of such a process,” Klabin said in the warning.
