The transaction with the minority shareholder of the subsidiary “Robne Kuće Beograd doo” was approved at the Extraordinary General Meeting of MIG shares.
In particular, as announced by MIG, the General Meeting approved the acquisition by the company (indirectly, through the 100% subsidiary under the name “MIG REAL ESTATE (SERBIA) BV”) of the minority percentage of 16.9% in the subsidiary “Robne Kuće Belgrade doo “(RKB) in exchange which will consist of three (3) properties owned by RKB with a total value of € 20.5 million, according to the valuation of 30.9.2021 American Appraisal and granted any relevant approval and authorization to the Board of Directors for the implementation of the transaction.
In detail, as MIG states in a relevant announcement, today the Extraordinary General Meeting of the Company’s Shareholders was held, with the participation in person or by a representative of 25 shareholders representing 317,168,085 shares, ie 33.76% of the Company’s share capital. During the Assembly, the following issues were discussed and decisions were taken:
Item 1: Review of the Remuneration Policy of the Members of the Board of Directors – The revised (supplemented and updated) Remuneration Policy of the Members of the Board of Directors of the Company was approved, in accordance with the plan that had been posted on the Company’s website and the applicable legislation.
In favor: 305,578,286 votes, ie 96.35% of the present share capital.
Against: 10,119,799 votes, ie 3.19% of the present share capital.
Abstentions: 1,470,000 votes, ie 0.46% of the present share capital.
Item 2: Adjustment of the Political Suitability of the Members of the Board of Directors. – The Suitability Policy of the Members of the Board of Directors of the Company was approved, as it was adapted (harmonized) with subsequent Regulations and Procedures of the Company, according to the plan posted on the Company’s website and the applicable legislation.
In favor: 313,815,959 votes, ie 98.95% of the present share capital.
Against: 1,882,126 votes, ie a percentage of 0.59% of the present share capital.
Abstentions: 1,470,000 votes, ie 0.46% of the present share capital.
Item 3: Announcement of the election of members of the Board of Directors to fill vacancies. Confirmation of the number of independent non-executive members of the Board of Directors. – The General Meeting was announced the election of the Director of Financial Services of the Company Mrs. Stavroula Markouli as a new Executive Member of the Board of Directors of the Company to replace a resigned Member. In addition, the General Meeting approved the number of Independent Non-Executive Members of the Board of Directors which has been reduced, following the resignation and non-replacement of an Independent Non-Executive Member, from five (5) to four (4).
In favor: 315,698,085 votes, ie 99.54% of the present share capital.
Against: 0 votes.
Abstentions: 1,470,000 votes, ie 0.46% of the present share capital.
Item 4: Announcement of the election of members of the Audit Committee to fill vacancies. Confirmation of the composition of the Audit Committee in accordance with its new Rules of Operation. – The election of Messrs. Was announced to the General Assembly. Stefanos Kapsaskis, Efstratios Hatzigiannis and Konstantinos Galiatsos, Independent Non-Executive Members of the Board of Directors, as new Members of the Company’s Audit Committee in place of resigned Members. The General Assembly confirmed the current composition of the Audit Committee of three (3) Independent Non-Executive Members, in accordance with the Rules of Procedure of the latter and the applicable legislation, as follows:
a) Stefanos Kapsaskis, Independent Non-Executive Board Member, Chairman,
b) Efstratios Hatzigiannis, Independent Non-Executive Board Member, and
c) Konstantinos Galiatsos, Independent Non-Executive Board Member, Members.
In favor: 315,698,085 votes, ie 99.54% of the present share capital.
Against: 0 votes.
Abstentions: 1,470,000 votes, ie 0.46% of the present share capital.
Item 5: Approval of a transaction with the minority shareholder of the subsidiary “Robne Kuće Beograd doo”. – The General Meeting approved the acquisition by the Company (indirectly, through the 100% subsidiary under the name “MIG REAL ESTATE (SERBIA) BV”) of the minority percentage of 16.9% in the subsidiary “Robne Kuće Beograd doo” (RKB) in return which will consist of three (3) properties owned by RKB with a total value of € 20.5 million, according to the valuation of the American appraisal company dated 30.9.2021, and granted any relevant approval and authorization to the Management Council for the implementation of the transaction, according to the specific provisions of the Board of Directors.
In favor: 315,698,085 votes, ie 99.54% of the present share capital.
Against: 0 votes.
Abstentions: 1,470,000 votes, ie 0.46% of the present share capital.
Issue 6: Other announcements. – No other announcements were made to the General Assembly.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
