Ress Life Investments Strategies for Upcoming General Meeting
Overview of the Upcoming Extraordinary General Meeting
Ress Life Investments A/S has officially announced the details for its upcoming Extraordinary General Meeting. This significant event is tailored for shareholders and aims to discuss crucial resolutions surrounding the company's share capital.
Key Details of the Meeting
The Extraordinary General Meeting is scheduled for October 24, 2025, at the company's headquarters at Nybrogade 12, 1203 Copenhagen K. This meeting is essential for all shareholders of Ress Life Investments A/S as participation is encouraged and valued.
Agenda Highlights
The agenda includes a significant proposed resolution to decrease the Company’s share capital through the cancellation of treasury shares. This action aims to enhance shareholder value while managing the capital effectively.
Resolution Proposal Explained
The Board of Directors has proposed to reduce the Company’s share capital by €30 million. This will be achieved through the cancellation of 60,000 treasury shares, which have a nominal value of €500 each. This strategic move aims to return value to shareholders while aligning with the company’s long-term financial strategy.
Documentation and Transparency
In accordance with the Danish Companies Act, relevant documents such as the Annual Report, a Board of Directors' report, and an audit statement will be provided. These documents will enhance transparency and provide shareholders with the necessary information to make informed decisions during the meeting.
Understanding the Share Capital Changes
The proposed capital decrease highlights the company's proactive approach towards capital management. The total acquisition cost for the treasury shares amounts to €139,060,726. This capital decrease not only reflects a nominal decrease but aims to ensure a fair price per share for shareholders.
Engagement with Creditors
Prior to the capital decrease, the company will engage with its creditors, allowing them to file claims as permitted under the Danish Companies Act. This process is intended to provide adequate notice to all stakeholders involved.
Voting Process and Requirements
For the proposed resolution to pass, it requires support from at least two-thirds of the votes cast. This high threshold underscores the company’s commitment to shareholder democracy, ensuring that significant changes reflect the will of the majority.
How to Participate
Shareholders must ensure they are registered by the cut-off date of October 17, 2025, to participate in the meeting and vote. Notifications of attendance must be submitted by October 21, 2025, either via the provided form or through direct communication with the company.
Proxy and Postal Voting Options
Shareholders unable to attend the meeting in person may appoint a proxy or opt for postal voting. This flexibility ensures that all shareholders have a voice in the company's decisions, regardless of their ability to attend.
Share Capital Overview
The current share capital of Ress Life Investments A/S stands at €87,928,500, divided into shares of €500 each, allowing for one vote per share. Transparency regarding the total number of shares and voting rights will be provided before the meeting.
Commitment to Shareholders
The management of Ress Life Investments A/S is dedicated to answering shareholder inquiries at the meeting, demonstrating the company’s commitment to transparency and open dialogue regarding its plans and performance over the past year.
Frequently Asked Questions
What is the date of the Extraordinary General Meeting?
The Extraordinary General Meeting is set for October 24, 2025.
How will the capital decrease benefit shareholders?
The capital decrease is designed to enhance shareholder value by optimizing the share capital structure of the company.
What documents will shareholders receive prior to the meeting?
Shareholders will receive the Annual Report, the Board’s report, and the auditor's statement, alongside the meeting agenda.
Can I vote by proxy at the meeting?
Yes, shareholders can appoint a proxy to vote on their behalf if they cannot attend the meeting.
Who can I contact with questions about this announcement?
Shareholders can reach out to CEO Ketil Poul Petersen for inquiries related to this announcement.
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