ISS recommends Nano Dimension investors support Murchinson’s proposals

Murchinson Ltd., the largest shareholder with approximately 5.2% of the outstanding shares of Nano Dimension Ltd., announced that Institutional Shareholder Services has recommended that shareholders vote to support all four of Murchinson’s proposals, including the appointment of Murchinson’s two independent nominees and the removal of four sitting directors – including Chairman Yoav Stern. In the report, ISS raised serious concerns around Nano Dimension’s performance, governance and discount to NAV while supporting Murchinson’s nominees: "The company’s share price and operating performance, coupled with corporate governance deficiencies, indicate that change is necessary and that shareholders would benefit from enhanced independence on the board." Murchinson stated: "ISS has fully recognized change is urgently needed at Nano Dimension. It is clear that ISS – and we believe other shareholders – share many of the concerns we have expressed throughout our campaign about the Company’s alarming performance, governance and disregard for the best interests of the Company and its shareholders. Notably, the report spells out the culpability of Chairman and CEO Mr. Stern in black and white. ISS’s respected standing as both an expert in contested situations and as an objective third party should reinforce to shareholders that the call for change at Nano Dimension is the right one. As ISS notes, waiting means risking further value destruction. We strongly encourage fellow shareholders to vote today."