Enefit Green AS Annual General Meeting Highlights

Enefit Green AS Annual General Meeting Resolutions

The annual general meeting of shareholders for Enefit Green AS convened to discuss significant matters affecting the company's future. With an impressive turnout, indicating high shareholder engagement, the meeting brought forth crucial decisions that shape the company's direction and governance.

Details of the Shareholder Meeting

The meeting was scheduled with the intent to address vital agenda points, reflecting the company's operational and financial standing. The agenda included the consideration of the annual report, profit distribution, and strategic decisions concerning shares and future financing reserves.

Engagement and Voting Outcomes

Representatives at the meeting accounted for 256,875,458 votes, encompassing approximately 97.20% of the total share capital. This maximum representation highlights the active interest of shareholders in the operations and progress of Enefit Green AS.

Proposed Amendments and Resolutions

Following discussions, the meeting agreed on an amendment to include an additional agenda item regarding the formation of a voluntary financing reserve. This addition underscores the commitment to strategic financial planning.

Approval of the 2024 Annual Report

One of the key resolutions included the approval of the 2024 annual report along with the management board's remuneration report. The unanimous support for these documents, with 256,875,357 votes in favor, illustrates confidence in the company's management and its financial reporting.

Distribution of Profit

The meeting also addressed profit distribution, with a resolution confirmed to allocate net profits judiciously. The company reported consolidated retained earnings amounting to 236,502 thousand euros. The plan involves transferring a portion to the mandatory reserve capital, showing a proactive approach to financial stability and growth.

Shareholder Compensation Provisions

This gathering also sanctioned the takeover of shares from minority shareholders, setting a compensation rate at EUR 3.40 per share. This initiative is designed to streamline company ownership and enhance value for remaining shareholders.

Listing Termination on Nasdaq Tallinn Stock Exchange

In a significant move, a resolution to terminate the listing of Enefit Green AS shares on the Nasdaq Tallinn Stock Exchange was approved. This step reflects strategic decisions about the company's market presence and operational focus.

Formation of a Voluntary Financing Reserve

The assembly concluded with resolution to create a voluntary financing reserve, enabling further financial flexibility. This ambitious step, supported unanimously, is expected to fortify the company’s financial foundation.

Access to Meeting Minutes

To maintain transparency and keep shareholders informed, the minutes from this meeting will be made accessible on the company's website within a week’s time, offering detailed insights into the discussions and resolutions made.

Frequently Asked Questions

What were the main resolutions passed during the meeting?

The primary resolutions involved approving the annual report, distributing profits, and terminating the share listing on Nasdaq Tallinn.

How was the attendance at the shareholders meeting?

Attendance was strong, with 256,875,458 votes representing 97.20% of the total share capital being cast.

What is the significance of the voluntary financing reserve?

The reserve is intended to provide additional financial resources for the company's future projects and strategic initiatives.

When will the meeting minutes be available to shareholders?

The minutes will be published on the company's website within seven days following the meeting.

How does the compensation for minority shareholders work?

Minority shareholders will receive EUR 3.40 per share as compensation under the approved resolution for the takeover of their shares.

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