Havila Kystruten Plans Strategic Changes in Upcoming Meeting

Upcoming Extraordinary General Meeting for Havila Kystruten AS

The Board of Directors of Havila Kystruten AS has announced an extraordinary general meeting. This important gathering will take place digitally, providing shareholders with the opportunity to participate in decision-making from wherever they are. The agenda for the meeting will focus on essential strategic initiatives aimed at enhancing the company's future.

Agenda Highlights: Refinancing and Shareholder Proposals

During the meeting, several crucial items will be on the table. One significant topic is related to the election of new members to the Board of Directors. This initiative aims to ensure the board's independence as Havila Kystruten explores potential refinancing options.

In addition, the board proposes a share consolidation, also known as a reverse share split, in the ratio of 50:1. This step is vital for aligning the company's share structure to meet operational requirements. As part of this proposal, a share capital increase is also discussed to facilitate the consolidation effectively.

Understanding the Share Consolidation Process

The share consolidation means that shareholders must be aware of their total shareholdings. If a shareholder holds a number of shares that isn't divisible by 50, their total number of shares will be rounded down. Unfortunately, fractional shares will not be issued, and no compensation will be provided for any rounding down that occurs. Therefore, it's paramount for shareholders who wish to avoid this to ensure they hold a divisible number of shares as of the specified record date.

Moreover, every fractional share resulting from this process will be consolidated into whole shares and subsequently sold on Euronext Growth Oslo. The proceeds from these sales will be donated to a charitable cause chosen by the Board of Directors, demonstrating a commitment to corporate social responsibility.

Voting and Participation Details

The extraordinary general meeting is designed to be accessible, with electronic voting facilitated through the Lumi platform. Shareholders unable to attend or vote during the meeting will have the chance to cast their votes in advance, ensuring that all voices are heard during this pivotal time for the company.

The notice for the extraordinary general meeting, along with all relevant documents, is available for shareholders to review. This level of transparency is vital in providing shareholders with the information they need to make informed decisions.

Contacts for Further Information

For shareholders seeking additional information, they can reach out to key executives at Havila Kystruten. Chief Executive Officer Bent Martini is available at +47 905 99 650, and Chief Financial Officer Aleksander Røynesdal can be contacted at +47 413 18 114. Both are prepared to assist with any inquiries related to the upcoming meeting or the proposals being discussed.

Frequently Asked Questions

What is the date of the extraordinary general meeting?

The extraordinary general meeting will be held on Friday, November 7, 2025, at 10:00 CET.

What are the main agenda items for the meeting?

The agenda includes the election of new Board members, a share consolidation in a ratio of 50:1, and a share capital increase.

How will the share consolidation affect my shares?

If your shareholding is not divisible by 50, it will be rounded down, and fractional shares will not be issued.

What will happen to the proceeds from the sale of fractional shares?

The net proceeds will be donated to a charitable purpose as determined by the Board of Directors.

How can I participate in the meeting?

Shareholders can participate digitally via electronic voting or by casting votes in advance through the Lumi platform.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.