This decision was taken after the Supervisory Board learned that Kroes had purchased more than 17,000 Ajax shares one week before the publication of his intended appointment on August 2, 2023. The Supervisory Board has obtained external legal advice, which shows that it is very likely that he has committed insider trading. Insider trading is a criminal offence.
Supervisory Board chairman Michael van Praag: “We are very unpleasantly surprised that this is now happening to Ajax, because this is very bad for the club and for everyone who cares about the club. Alex Kroes’ actions are not compatible with what we are doing. Ajax. The moment at which he bought the shares means that he was trading with insider information. A listed company cannot tolerate such a violation of the law, especially if it concerns the CEO. After careful deliberation, the Supervisory Board has therefore come to the conclusion that the position of Alex as a board member of Ajax is not sustainable. I think it is important to add that the technical policy will be continued with the people we have for that and on the path that Ajax has already taken with Alex.”
Alex Kroes’ tasks will be taken over by his fellow directors. In addition, Michael van Praag will temporarily assist the management as delegated supervisory director.
An Extraordinary General Meeting of Shareholders (EGM) will be convened shortly to hear the shareholders about the intended dismissal, as prescribed by the articles of association. The Supervisory Board will then make a decision on the dismissal.
Tags: Supervisory Board suspends Alex Kroes due strong indications insider trading
