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Notice on the Extraordinary General Meeting of Shareholders of the AUGA group, AB entity under restructuring on 14 July 2025 to approve the Company’s draft restructuring plan
Globenewswire· 2025-06-20 15:15
Core Points - The Company is convening an Extraordinary General Meeting of shareholders on July 14, 2025, to vote on the approval of its draft restructuring plan [1][4] - The restructuring plan aims to address financial difficulties and improve financial results through strategic actions, with a goal to fulfill all financial obligations to external creditors by 2029 [5][6] Meeting Details - The Meeting will take place at QUADRUM NORTH business center, Vilnius, starting at 10:00 a.m. [2] - Registration for shareholders begins at 10:00 a.m. on the day of the Meeting, and only those who are shareholders by the record date of July 7, 2025, can participate [3][4] Restructuring Plan - The restructuring plan includes economic, technical, and organizational measures to overcome financial difficulties, focusing on creditor settlements and improving group-level financial results [4][5] - Proposed strategic actions include the separation and sale of the dairy segment, sale of land-holding companies, and separation of crop farming operations into a dedicated fund [10][11] Financial Reporting - The Company is currently unable to provide audited financial data for the year ended December 31, 2024, due to ongoing audit processes and restructuring preparations [6][7] - An unaudited overview of key financial data for the period ending December 31, 2024, is expected to be published by July 1, 2025 [8] Shareholder Participation - Shareholders can participate and vote in person, by power of attorney, or through an authorized representative [12][14] - The total number of shares granting voting rights is 233,803,368, with each share having a par value of EUR 0.29 [12] Voting Procedures - Shareholders have the right to propose agenda items and draft resolutions, provided they hold at least 1/20 of the voting rights [19][21] - Questions related to the agenda can be submitted in advance, and the Company will respond to general inquiries on its website [22][23]
Regarding the Extension of the Deadline for Submission of the AUGA group, AB Restructucturing Plan Additional Information
Globenewswire· 2025-06-12 14:20
Core Points - The Company announced on May 29, 2025, that it could not deliver the final restructuring plan by the original deadline of May 19, 2025, and sought an extension [1] - The Lithuanian Court of Appeal granted an extension for the submission of the restructuring plan until July 19, 2025 [2] - The restructuring plan will include various measures to address the Company's financial difficulties and will be presented to stakeholders as per legal requirements [3]
Is Vodafone A 'Buy' Following Its FY 2025 Earnings?
Seeking Alpha· 2025-05-22 11:45
Core Insights - Vodafone has been undergoing a restructuring process aimed at improving its fundamentals, but these efforts have not positively impacted its share price [1]. Company Overview - Vodafone is listed on NASDAQ under the ticker VOD and also trades on the OTC market as VODPF [1]. Analyst Background - The analysis is provided by a fund manager/analyst with over 18 years of experience in the financial markets, specifically in the financial sector and portfolio management [1].
Delfi Lithuania changes company structure
Globenewswire· 2025-05-07 06:00
Group 1 - UAB Delfi, a subsidiary of AS Ekspress Grupp, is finalising an acquisition agreement to merge with UAB Kenton Baltic, which focuses on conference organization [1] - The restructuring aims to improve management efficiency and transparency [1] - The merger will not affect the consolidated profit, assets, or liabilities of AS Ekspress Grupp [1] Group 2 - AS Ekspress Grupp is the leading media group in the Baltic region, involved in web media content production, and publishing newspapers, magazines, and books [1] - The group also operates an electronic ticket sales platform and ticket sales offices, and provides outdoor screen services in Estonia and Latvia [1] - Established in 1989, AS Ekspress Grupp employs nearly 1,100 people [1]