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.
