Afarak Group SE's Annual General Meeting Agenda and Details
Afarak Group SE’s Annual General Meeting Announcement
Attention shareholders of Afarak Group SE! A formal notice is hereby served regarding the Annual General Meeting (AGM). This year, the AGM is set to take place on June 3, 2025, at 10:00 a.m. (Finnish time). The venue for this important meeting will be Union Square Auditorium located at Unioninkatu 22, 00130 Helsinki.
Shareholders are welcome to register starting from 9:30 a.m. If you cannot attend in person, provisions for advance voting will be available as outlined in section C of this notice.
Meeting Agenda Highlights
The agenda for the AGM includes a variety of significant matters that will be addressed:
1. Meeting Procedures
The first order of business will include opening the meeting, calling it to order, and approving the agenda. Key personnel will be elected to supervise the accuracy of the minutes and count the votes cast during the meeting.
2. Financial Reporting
Another critical aspect of the AGM will focus on the presentation of the annual financial statements, which will include the Report from the Board of Directors, the Auditor's report, and the Assurance Report reflecting on the Sustainability Report for the previous year.
3. Profit Distribution Resolution
Given recent developments affecting the company, the Board will propose that no dividend be distributed based on the financial standing reported. Instead, an authorization will be sought to possibly resolve a small dividend distribution from retained earnings or the reserve for invested unrestricted equity.
This decision aligns with the Company’s prudent dividend policy, which aims for a minimum payout ratio of 10% of EBITDA.
4. Board of Directors and Auditor Elections
During the AGM, the agenda will further involve the election of Board members, including the reappointment of two current Board members and the election of a new member for a term that extends until the conclusion of the AGM in 2026. Additionally, the AGM will include proposals for re-electing Tietotili Audit Oy as the Company’s authorized auditor, along with the responsible auditor.
Documentation for the AGM
Afarak Group SE has made available several essential documents for review prior to the meeting. The Report by the Board of Directors and the Financial Statements for the previous year will be accessible on the company website. Shareholders can request copies of these documents directly.
Participation and Voting Instructions
Shareholders wishing to attend the AGM must be registered as shareholders on or before May 21, 2025. Registration for the meeting will commence on May 12, 2025, giving ample opportunity for shareholders to secure their participation.
Using Proxies
If shareholders cannot attend in person, they may appoint a proxy to represent them. Proper documentation will be required to validate proxy authority, which should be submitted prior to the registration deadline.
Advance Voting
For those unable to attend, advance voting is permissible through designated channels from May 12, 2025. Shareholders can cast their votes electronically or via email. Instructions are provided on the company’s website to facilitate a smooth voting process.
Other Important Information
As of May 9, 2025, Afarak Group SE has 277,041,814 shares in issuance, all with voting rights. This transparency highlights the company's commitment to keeping its shareholders informed.
The detailed minutes from the AGM will also be made available following the conclusion of the meeting, ensuring that all shareholders have access to the decisions made during this critical gathering.
Frequently Asked Questions
What is the purpose of the Annual General Meeting?
The AGM serves to address significant corporate matters, including financial reporting, election of Board members, and dividend resolutions.
How can shareholders participate in the meeting?
Shareholders can attend the meeting in person, vote in advance, or appoint a proxy to represent them.
When should shareholders register for the AGM?
Shareholders must register by May 21, 2025, to be eligible to attend the meeting.
Where can financial documents be accessed?
All relevant financial documents and the notice for the AGM can be found on the company’s website.
What resolutions will be proposed regarding dividends?
The Board will propose that no dividend be distributed this year, aligning with recent financial conditions, but may seek authorization for a minimal payout in the future.
For further inquiries, you may contact Guy Konsbruck, CEO, at +356 2122 1566 or via email at guy.konsbruck@afarak.com.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin 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.
