Afarak Group SE Shareholder Meeting Announcement Details
Afarak Group SE Announces Extraordinary General Meeting
Notice is hereby given to shareholders of Afarak Group SE about the upcoming Extraordinary General Meeting. This significant event is scheduled to take place in the near future, fostering an environment for discussion and decision-making among investors.
Meeting Details
The Extraordinary General Meeting is set to commence at 10:00 a.m. (Finnish time), with registration starting earlier at 9:30 a.m. This structured approach ensures all shareholders can participate effectively.
Voting Procedures
Afarak Group SE values shareholder involvement. Hence, shareholders are encouraged to exercise their voting rights during the General Meeting. For those who cannot attend in person, advance voting options are available, making it easier for all stakeholders to make their voices heard.
Agenda Overview
The Board of Directors has outlined several key matters to be addressed during the meeting. The agenda includes:
- Opening and calling the meeting to order.
- Approval of the agenda and recording the legality of the meeting.
- Election of individuals to scrutinize minutes and supervise voting.
- Reduction of share capital and share premium reserve.
- Closing of the meeting.
Share Capital Reduction Proposal
A proposal is on the table to reduce share capital from EUR 23,642,049.60 by EUR 22,642,049.60, allowing the funds to be transferred to the unrestricted equity fund. Post-proposal implementation, the new share capital would stand at EUR 1,000,000.00. This decision aims to enhance the Company's financial flexibility.
Share Premium Reserve Reduction
Another significant proposal during the meeting concerns the reduction of the share premium reserve. The Board suggests transferring EUR 25,223,189.79 from this reserve to the fund for invested unrestricted equity. This adjustment aligns the company's capital structure more effectively with current legislation and market practices.
Meeting Documentation
Relevant documents concerning the Extraordinary General Meeting will be accessible from the company’s website. These include all proposals made by the Board to ensure shareholders can make informed decisions.
Advance Voting Instructions
Shareholders are encouraged to participate in advance voting, which will be available starting on January 2 until January 19, 2025. Proper registration is necessary, ensuring everyone has a chance to express their opinions and vote.
Important Participation Information
To attend the General Meeting, shareholders must be registered by January 17, 2025. This requirement emphasizes the importance of timely registration for all interested parties.
The incorporation of digital solutions for registration mitigates obstacles for shareholders and enhances participation. Proxy representation is also welcomed, allowing shareholders to assign their rights to trusted representatives.
Final Thoughts
The upcoming Extraordinary General Meeting signifies a key moment for Afarak Group SE. Financial adjustments, investor involvement, and strong governance are anticipated points of focus.
Frequently Asked Questions
What is the date of the Extraordinary General Meeting?
The Extraordinary General Meeting is scheduled for January 29, 2025.
How can shareholders vote in advance?
Shareholders can vote in advance through the company's website or via email during the designated voting period.
What changes are proposed regarding share capital?
A proposal to reduce share capital by EUR 22,642,049.60 has been suggested, shifting funds to the unrestricted equity fund.
Who can participate in the meeting?
All registered shareholders as of January 17, 2025, have the right to participate in the General Meeting.
How can shareholders obtain meeting documents?
Meeting documents will be made available on Afarak Group SE's website prior to the meeting.
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