Upcoming Shareholders' Meeting: Key Updates from SKEL
Important Shareholders’ Meeting on November 4
The Board of SKEL is set to hold a significant shareholders’ meeting on November 4, where important decisions regarding the company's dividend payments will be discussed. This gathering aims to inform shareholders about updates that could affect their investments.
Meeting Details and Agenda
The meeting will commence at 16:00, providing shareholders ample opportunity to engage with the Board's proposals. Key documents, including the meeting agenda and notice, are available on the company’s website.
Company Proposals
During the meeting, the Board will present a proposal to amend the payment date for the second dividend installment, originally scheduled for October 20. This amendment aims to align with legal stipulations regarding dividend payment deadlines.
Dividend Payments Overview
In March of the previous year, shareholders agreed on a dividend distribution totaling ISK 6,000,000,000 for the financial year 2024. The first installment has been successfully disbursed, while the timing of the second installment now requires further consideration to ensure compliance with relevant regulations.
Ensuring Compliance with Legal Standards
The Board emphasizes that maintaining shareholder rights is paramount. Therefore, they propose confirming the company’s previous decision while adjusting only the payment date of the second part of the dividend from October 20 to November 5. This approach ensures the company adheres to the legal frameworks governing dividend distributions.
Shareholder Support
Notably, Strengur hf., the largest shareholder holding 51.59% of SKEL’s share capital, has communicated its intent to support the proposed amendment. This backing is crucial for reaching the required majority needed for approvals at the meeting.
Contact Information for Shareholder Inquiries
To facilitate communication, shareholders are encouraged to reach out with any inquiries or requests for additional information. A dedicated email address is available to provide timely assistance on matters related to the meeting and dividend payments.
Frequently Asked Questions
What is the purpose of the meeting on November 4?
The meeting aims to discuss the amendment of the dividend payment date and ensure compliance with legal requirements.
Who can attend the shareholders’ meeting?
All shareholders of SKEL are invited to attend the meeting and participate in the decision-making process.
How will the proposed dividend payment schedule change?
The proposal suggests moving the second dividend payment from October 20 to November 5 for legal compliance.
What should shareholders prepare for the meeting?
Shareholders should review meeting documents and be prepared to discuss the proposal and its implications.
How can shareholders get more information?
Shareholders can obtain more details by emailing the dedicated contact address for inquiries related to the shareholders' meeting.
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