Conclusions of Skeljungur hf.'s shareholders' meeting, held on Thursday,
A shareholders’ meeting of Skeljungur hf. (“Skeljungur” or the “Company”) was held today, Thursday
The motions placed before the meeting can be accessed on the Company’s website:
https://www.skeljungur.is/hluthafafundur-2021
- Motion to sell
P/F Magn , Skeljungur’s subsidiary in theFaroe Islands
The shareholders’ meeting approved the sale of
For further information on the divestment process, reference is made to announcements of the Company, which can be accessed on Skeljungur’s website under the heading “Nasdaq News”; a total of seven announcements have been published.
- Motion on additional authorisation for the Company to buy own shares by means of an offer to shareholders
The shareholders’ meeting granted to the Board of Directors authorisation to purchase own shares of the Company by means of an offer to shareholders, in addition to the current authorisation to repurchase shares under the Company’s formal repurchase programme.
The following Annex will be added to the Company’s Articles of Association:
“Authorisation of the Company to acquire own shares, approved at the shareholders’ meeting held on
The shareholders' meeting of Skeljungur hf. held on
- Motion of the Board of Directors to amend the Articles of
Association of the Company
The shareholders’ meeting approved the following amendment of point (d) in the fourth paragraph of Article 18 of the Company’s Articles of Association:
To delete point (d) of the fourth paragraph of Article 18 in its entirety. All the lettered points in the fourth paragraph of Article 18 will remain unchanged, except that point (d) will be marked as [deleted].
The shareholders’ meeting approved the following amendments of Article 3 of the Company’s Articles of Association:
To alter the points of emphasis and order in Article 3, so that the Article now reads as follows:
“The objects of the Company are to own and manage companies that operate in areas such as retail and wholesale, administration of real estate, vessels and service stations. Also credit and investment activities and other business activities, or participation in commercial enterprises, as resolved by the Company's Board of Directors.”
- Motion of the Board of Directors to compartmentalise the operation of the Company and on the establishment of subsidiaries
The shareholders’ meeting approved a division of the business operations of the Company and the establishment of two subsidiaries for the Company’s operations, one for retail operations and a second for corporate operations.
- Any other business
There was no further lawfully submitted business at the meeting, which was adjourned at 17: 02.
Other information from the shareholders’ meeting can be accessed at: https://www.skeljungur.is/hluthafafundur-2021.
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