PRESS RELEASE
Luxembourg, 28th
- the approval of the 2020 condensed non-audited consolidated financial statements and of the 2020 audited statutory financial statements;
- the renewal of the statutory authorization granted to the board of directors to increase the share capital of the Company;
- the renewal and the modification of the authorization granted to the board of directors to buy back shares of the Company;
- the renewal of the statutory authorization granted to the board of directors to decrease the capital of the Company by cancellation of the shares bought back;
- the modification of the article 8.4 of the company’s articles of association in order to simplify the formation of the bureau of the shareholders general meetings.
All required information and related documents will be available for downloading on the Company’s website on 28th
- Convening notice of the Mixed General Meeting and of the Notarial Extraordinary General Meeting;
- Board of Directors’ report on the resolutions proposed to the General Meeting;
- Text of the proposed resolutions;
- Single participation form.
The annual management report and the audit report are available online since 30th
The Board of Directors invites the shareholders to consult the following page:
http://www.velcan.lu/investors/reports-accounts/
* * *
Investors Relations Contact investor@velcan.lu
About
The company owns and operates a 15MW hydro power plant in
Hydropower concessions provide long periods of cash generation but their development outcome is uncertain and many years are needed to bring these projects to maturity in emerging countries: it involves field studies in remote places, obtaining the necessary authorizations and permits, and land acquisition in political and regulatory environments that can be unstable or heavily hampering. Meanwhile
Velcan Holdings’ headquarters are in
The company was launched more than 15 years ago by its reference shareholder, the company LHP, owned by the Velcan Holdings’ management team.
Disclaimer
This press release contains prospective information about the potential of the projects in progress and/or of the projects of which the development has begun. This information constitutes objectives attached to projects and shall not be construed as direct or indirect net income forecast. Reader’s attention is also drawn on the fact that the performance of these objectives depends on future circumstances and that it could be affected and/or delayed by risks, known or unknown, uncertainties, and various factors of any nature, notably related to economic, commercial or regulatory conjuncture, which occurrence could be likely to have a negative impact on future activity and performances of the Group.
This announcement does not constitute a public offering (“offre au public”) nor an invitation to the public or to any qualified investor in connection with any offering. This announcement is not an offer of securities in
Attachment
- Press release_Notice of GM_
28-05-2021
© OMX, source