Latest news with #BoardofDirectors'
3yon News
2 days ago
- Business
- 3yon News
إعلان شركة نفوذ للمنتجات الغذائية عن نتائج إجتماع الجمعية العامة غير العادية التي تضمنت الموافقة على زيادة رأس مال الشركة (الاجتماع الأول)
1. The company's financial statements for the fiscal year ending on December 31, 2024, were reviewed and discussed. 2. The Board of Directors' report for the fiscal year ending on December 31, 2024, was reviewed and discussed. 3. Approval of the auditor's report for the fiscal year ending on December 31, 2024, after discussion. 4. Approval of appointing Alzoman, Alfahad & Alhajjaj professional services Chartered Accountants as the company's external auditor from among the nominated firms based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for Q2, Q3, and the annual financials of 2025, and Q1 of 2026, with a total fee of SAR 390,000. 5. Approval of allowing Board Member Mr. Faisal bin Abdullah Al-Omaiqan to engage in activities competing with the company's business. 6. Approval of authorizing the Board of Directors with the powers of the Ordinary General Assembly as stated in paragraph (1) of Article 27 of the Companies Law for a period of one year from the date of this General Assembly's approval or until the end of the term of the authorized Board, whichever comes first, in accordance with the relevant executive regulations for listed joint-stock companies. 7. Approval of discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 8. Approval of the Board of Directors' recommendation to distribute cash dividends amounting to SAR 11,908,359 (eleven million, nine hundred eight thousand, three hundred fifty-nine Saudi riyals) to shareholders for the fiscal period ending December 31, 2024, at SAR 0.25 per share, representing 25% of the nominal value of the share. Eligibility shall be for shareholders holding shares at the end of the trading day on the date of the General Assembly and registered in the company's shareholders register at the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date. Dividend distribution will commence on 15-06-2025. 9. Approval of disbursing board member remuneration in the amount of SAR 990,000 for the fiscal year ending December 31, 2024. 10. Approval of disbursing Audit Committee member remuneration in the amount of SAR 164,481 for the fiscal year ending December 31, 2024. 11. Approval of business and contracts to be concluded between the company and Abdullah Ibrahim Al-Omaiqan Real Estate Co., in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. These involve a lease contract for administrative offices and showrooms located in Al-Nuzha district, Riyadh. The contract duration is two calendar years, with an annual rental value of SAR 1,263,708 (exclusive of VAT). The total value of transactions in 2024 was SAR 1,263,708. These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 12. Approval of business and contracts to be concluded between the company and Mosakhan Waraq Enab Food Services Establishment, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. The contract is for the sale of food products with a one-year term. The total value of transactions in 2024 amounted to SAR 597,099 (exclusive of VAT). These contracts were executed in the ordinary course of business and under prevailing commercial terms without preferential conditions. 13. Approval of business and contracts executed between the company and Al-Omaiqan Holidays and Travel, in which Board Members Mr. Faisal Abdullah Ibrahim Al-Omaiqan and Mr. Ibrahim Abdullah Ibrahim Al-Omaiqan have an indirect interest. This involves an agreement to provide ticket booking services. The total value of transactions in 2024 amounted to SAR 367,291 (exclusive of VAT). These transactions were conducted in the ordinary course of business and under prevailing commercial terms without preferential conditions. 14. Approval of the amendment to the Audit Committee Charter. 15. Approval of the amendment to the Nomination and Remuneration Committee Charter. 16. Approval of the amendment to the Policy, Standards, and Procedures of Membership in the Board of Directors and its Committees. 17. Approval of the Competitive Activities Standards. 18. Approval of the Policy on Remuneration for Board Members, Committees, and Executive Management. 19. Approval of the Board of Directors' recommendation to increase the company's capital through the issuance of bonus shares as follows: • The capital increase will be through the capitalization of SAR 48 million from retained earnings, by granting one share for every one share held. • Total increase amount: SAR 48,000,000 • Capital before increase: SAR 48,000,000 • Capital after increase: SAR 96,000,000 • Increase percentage: 100% • Number of shares before the increase: 48,000,000 shares • Number of shares after the increase: 96,000,000 shares The capital increase aims to strengthen the company's financial position, support its expansion plans, and enhance shareholder returns by growing its business and seizing opportunities in the food sector. • Number of bonus shares: 1 share for every 1 share held • The increase will be through the capitalization of SAR 48,000,000 from retained earnings. Eligibility date: Shareholders who own shares by the end of the trading day on the date of the Extraordinary General Assembly and are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date. Fractional shares: In the event of fractional shares, they will be grouped in one portfolio and sold at market price. The proceeds will be distributed to eligible shareholders based on their respective entitlements within 30 days from the date of determining the entitled shares for each shareholder. • Approval of the amendment to Article (7) of the company's Articles of Association related to capital. Page 2 الأربعاء 01 مارس 2017 11:18 مساءً Page 3
Yahoo
16-05-2025
- Business
- Yahoo
Bulletin from BTS Group AB's Annual General Meeting
Stockholm May 16, 2025 The Annual General Meeting approved the proposed dividend to shareholders of SEK 6,10 per share, divided into two payment occasions of SEK 3,05 each. The record date for the first payment of SEK 3,05 was determined to Tuesday May 20, 2025 and for the second payment of SEK 3,05 was determined to Tuesday November 18, 2025. The first payment is expected to be made on Friday May 23, 2025 and the second payment is expected to be made on Friday November 21, 2025. The Annual General Meeting discharged the members of the Board of Directors and the CEO from liability for the financial year 2024 and approved the remuneration report for 2024 prepared by the Board of Directors. The Annual General Meeting approved the remuneration to board members to a total of SEK 1,895,000, of which SEK 550,000 to the Chairman and SEK 245,000 to each of the other board members, and SEK 65,000 to the Deputy Board member. A total fee of SEK 300,000 shall be paid for committee work. Mariana Burenstam Linder, Stefan Gardefjord, Reinhold Geijer, and Anna Söderblom were re-elected as ordinary board members. Henrik Ekelund was re-elected as Chairman of the Board. Olivia Ekelund was re-elected as deputy board member. Ernst & Young was re-elected as auditor. All elections were for the period until the end of the next Annual General Meeting. The Annual General Meeting resolved in accordance with the Board of Directors' proposal to authorize the Board of Directors to resolve, until the end of the next Annual General Meeting and with deviation from the shareholders' preferential rights, to issue shares or convertibles (corresponding to a maximum of 1,200,000 class B shares) in connection with acquisitions of companies. The Annual General Meeting resolved in accordance with the Board of Directors' proposal until the end of the next Annual General Meeting. to authorize the Board of Directors to decide on acquisition, and transfer of own shares. Acquisition of shares in the company may only take place on either Nasdaq Stockholm or in accordance with an acquisition offer to all shareholders of the company. Acquisitions may take place of a maximum of so many shares that repurchased shares together with any newly issued shares according to the issue authorization, in total amount to a maximum of ten percent of the shares outstanding at any time. And further provided that after re purchase there is still full coverage for the company's restricted equity. Transfer of shares in the company may take place with a right to transfer with deviation from the shareholders' preferential rights, and that payment may be made with assets other than cash, i.e. non-cash considerations, or with right of set-off. However, payment through set-off may only occur in connection with acquisitions. Transfer may be made of the entire number of own shares that the company holds at any time. Transfer may not be made on the stock exchange. _________________________________________________ Minutes of complete resolutions from the meeting will be available on the company's website, no later than Friday May 23, 2025. The BoardBTS Group AB For more information:Stefan Brown, CFO, 08-58 70 70 00For more information about BTS, go to Attachment Bulletin from BTS' AGM 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Kuwait Times
13-05-2025
- Business
- Kuwait Times
ATC holds its AGM, approves a 20% bonus share distribution
Advanced Technology Company's ambitious growth strategy driven by innovation KUWAIT: Advanced Technology Company (ATC), the leading provider of comprehensive healthcare and environmental solutions for both the public and private sectors, held its Annual and Extraordinary General Assembly for the fiscal year ended December 31, 2024. During the meeting, shareholders approved all items on the agenda, including the Board of Directors' recommendation to distribute bonus shares at a rate of 20 percent of the issued and paid-up capital, in a move that reflects shareholders' confidence in the company's future strategy. In 2024, ATC achieved a notable growth of 6.3 percent in total revenues, reaching KD 179.2 million, compared to KD 168.6 million in 2023. Recurring revenues—which include maintenance services and medical supplies—also grew by 4 percent year-on-year, reaching KD 109.2 million, reflecting the company's stable and efficient operational performance. The healthcare services sector, launched in 2023, contributed KD 30 million, representing 16.8 percent of total revenues, underscoring the sector's strategic importance and significant growth potential on the long-term. Regarding profitability, net profit attributable to the shareholders of the parent company reached KD 0.7 million in 2024, with earnings per share standing at 4.69 fils. Strategic healthcare projects underway ATC continues to execute several major projects in the healthcare infrastructure sector, most notably Al-Sabah Hospital and the Kuwait Cancer Control Center, both expected to be completed in 2025. The successful completion of the New Maternity Hospital project in 2024 marked a significant addition to the country's healthcare system and supported national efforts to enhance and expand medical infrastructure. A forward-looking vision ATC is advancing an ambitious growth strategy aimed at accelerating development within the healthcare sector, with a strong emphasis on innovation and the cultivation of strategic partnerships both locally and internationally. Through these efforts, the company continues to strengthen its market leadership in Kuwait while delivering added value to shareholders by offering cutting-edge solutions aligned with the evolving demands of a modern healthcare system.
Yahoo
13-05-2025
- General
- Yahoo
Little Rock launches new ‘Love Your Firefighters' fundraising initiative
LITTLER ROCK, Ark. – On Monday, Little Rock officials announced a new fundraising initiative called 'Love Your Firefighters' that encourages residents to support firefighters in the city with new furniture, equipment and supplies at the city's 22 fire stations. The initiative is a way for anyone to give back to those that risk their lives every day for residents of the city through tax-deductible donations made on the city's website with 100 percent of the money raised going to improvements at Little Rock fire stations. 'We are 100 percent supportive of our firefighters and the work they do, and the city will always prioritize our public safety needs,' Mayor Frank Scott, Jr. said. 'Still, we know there are deferred maintenance issues at many of our fire stations, and we are so appreciative of the significant numbers of requests we have received from community members about how to help. Through this initiative, residents who feel compelled to 'answer the call' to give back to our firefighters can do so securely through our online portal or by check. Every penny of their donation will support our Little Rock firefighters. I appreciate Directors Capi Peck, Joan Adcock and Vice Mayor BJ Wyrick for taking the lead on this important project.' Little Rock makes contract changes with firefighter & municipal employee unions City officials said that after the Board of Directors' budget discussions last year, many residents reached out to ask how they could help with fire station improvements, with some already donating desks, chairs and other equipment. 'This is a true grassroots collaborative effort to make sure we rally around our firefighters so that they have better spaces to live, train and rest while they are serving our city,' Director Capi Peck said. 'We owe it to these hard-working men and women to improve their quality of life and love where our heroes live.' Parents of newborn thank Little Rock firefighters for elevator rescue According to officials, the city's fire stations need upgrades to rest areas, ceiling fans, bed frames, washing machines, lounge chairs, benches and more. To learn more about the initiative and how to donate, . Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Wire
30-04-2025
- Business
- Business Wire
Vitura: Terms and Conditions for the Publication of the 2024 Universal Registration Document Including the Annual Financial Report
PARIS--(BUSINESS WIRE)--Regulatory News: Vitura (Paris:VTR): The Company announces the publication of its Universal registration document including the annual financial report for 2024. The Universal registration document including the annual financial report for fiscal year 2024 was submitted to the Autorité des marchés financiers (AMF) on 30 April 2025. This document is available on the websites of: VITURA ( Investors section AMF ( Copies of the Universal registration document are also available free of charge on request made to the Company's registered office (VITURA – 42 rue de Bassano – 75008 Paris) or to the following email address: info@ The following documents are incorporated into the Registration Document: The 2024 annual financial report, The Board of Directors' report on the corporate governance, The Statutory Auditors' reports, The description of the share buyback program, The Board of Directors' report to the shareholders' meeting of 25 June 2025, The report of the independent third party (OTI) on the statement on non-financial performance. VITURA A French Société anonyme with a Board of Directors With a share capital of €64 933 290.40 Registered office: 42 rue de Bassano - 75008 Paris Paris Companies and Commercial Registry No. 422 800 029
