Business · Companies · 6 hrs ago
OHLA shareholders to vote on one-for-ten share consolidation in November
OHLA has called an extraordinary shareholder meeting for 16 November, with a second date of 17 November if the required attendance is not met.
The infrastructure group will hold the meeting entirely online.
Shareholders will vote on a one-for-ten share consolidation, exchanging every ten existing shares for one newly issued share.
The change would raise each share’s nominal value from 0.25 euros to 2.50 euros.
The meeting will also consider two board appointments: re-electing María Luz Medrano and appointing Maria Eugenia Sidaoui as directors.
Shareholders will also be asked to authorize OHLA to buy its own shares, directly or through companies in its group.
The proposals will take effect only if shareholders approve them at the meeting.
OHLA has called an extraordinary shareholders’ meeting for 16 November, with 17 November as a second date if quorum is not reached.
Shareholders will vote on consolidating shares at a rate of one new share for every ten existing shares.
The proposal would raise the nominal value of each share from €0.25 to €2.50.
The agenda also includes board appointments and authorisation for OHLA to buy its own shares.
The meeting will be held entirely online.
- Who
- OHLA shareholders.
- What
- They will vote on a one-for-ten share consolidation, board appointments and authorisation for the company to buy its own shares.
- When
- 16 November, or 17 November if quorum is not reached.
- Where
- Online; the meeting will be held entirely remotely.
- Why
- Not stated
This story does not have two clearly opposing sides.
OHLA informed Spain’s securities regulator that it would put the share consolidation and other agenda items to a vote.
OHLA is scheduled to hold its extraordinary shareholders’ meeting.
A second meeting date is scheduled if quorum is not reached on 16 November.
- Share exchange ratio
- One new share for every 10 existing shares
- Nominal value
- Increase from €0.25 to €2.50 per share
- Meeting date
- 16 November, with 17 November as the alternative date
- Meeting format
- Entirely online
- Board appointments
- Ratification and re-election of María Luz Medrano; appointment of Maria Eugenia Sidaoui