Frigoglass announces that on Tuesday, December 14, 2021 at 10:00 a.m. The Extraordinary General Meeting of the Company’s shareholders was held from a distance in real time via video conference.
The Extraordinary General Meeting was legally attended by shareholders representing a total of 189,003,830 common registered shares and voting rights, ie 53.17% of a total of 355,437,751 common registered shares of the Company.
The Extraordinary General Assembly discussed and took decisions on the issues of the agenda as follows:
Issue 1: The new Remuneration Policy was approved in accordance with articles 110 and 111 of Law 4548/2018.
Item 2: The updated Suitability Policy of the members of the Board of Directors was approved in accordance with article 3 of Law 4706/2020.
Issue 3: The reduction of the share capital of the Company by the amount of € 14,217,510.04 was approved in the amount of € 21,326,265.06, with a reduction of the nominal value of the total of 355,437,751 shares of the Company from € 0.10 to € 0.06, according to article 31 of Law 4548/2018, with the aim of formation of an equal amount of special reserve to offset losses as well as the corresponding amendment of article 3 of the Company’s Articles of Association.
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Source From: Capital
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