Summary of Worldline Extraordinary General Meeting Company Overview - **Company**: Worldline (OTCPK:WRDL.Y) - **Industry**: Payment services and financial technology - **Meeting Date**: January 08, 2026 Key Points Discussed 1. Meeting Structure and Attendance - The extraordinary general meeting was chaired by the chairman of the board, with the presence of the CEO Pierre-Antoine Vacheron and Secretary General Charles-Henri de Taffin [1][2][3] - The quorum was confirmed at 55.63%, exceeding the required 25% [2][5] 2. Capital Restructuring Proposals - **Resolutions**: 13 resolutions were proposed, including: - Reduction of capital due to losses and nominal value adjustments [6] - Capital increases totaling EUR 500 million, with EUR 110 million reserved for specific financial institutions and EUR 390 million for general shareholders [6][46] - A reverse share split proposal to consolidate shares [56] 3. Transformation Plan: North Star 2030 - The CEO presented the North Star 2030 transformation plan aimed at stabilizing and growing the company [10][12] - Key objectives include: - Streamlining operations and improving financial flexibility [11][19] - Focusing on small and medium-sized businesses and financial services for growth [38] - Aiming for cumulative annual growth rate of 4% from 2027 to 2030, with profitability targets exceeding EUR 1 billion by 2030 [40][41] 4. Financial Performance and Projections - 2025 was described as a challenging year, with significant efforts to restore trust and stabilize operations [12][19] - Expected free cash flow to improve from negative EUR 55-85 million in 2025 to positive EUR 300-350 million by 2030 [40][41] - The company aims to achieve a 30%-35% profit conversion to cash by 2030 [41] 5. Operational Challenges and Market Position - Worldline is a leading operator in payment infrastructure across Europe, processing 47 billion transactions annually [13] - The company has faced challenges in retaining small merchants, particularly in Germany and Switzerland, due to product availability issues [64] - Despite losing some contracts, Worldline maintains a strong position with major clients in France [64] 6. Stakeholder Engagement and Communication - The management emphasized the importance of transparency and regular communication with stakeholders regarding the transformation progress [33][36] - Key performance indicators will be established to track the success of the transformation plan and operational improvements [34] 7. Future Outlook - The management expressed confidence in the strategic roadmap and the potential for significant value creation for shareholders [10][11] - The capital increase is seen as essential for strengthening equity and ensuring financial flexibility to support the transformation plan [11][45] Additional Important Information - The meeting included a Q&A session where shareholders raised concerns about stock price performance and competition [62][64] - The management acknowledged the challenges faced but highlighted the company's commitment to regaining market share and improving service offerings [64] This summary encapsulates the critical discussions and resolutions from the Worldline extraordinary general meeting, focusing on the company's strategic direction, financial health, and operational challenges.