Today, FirstFarms A/S has held the extraordinary general meeting, which went as follows:
1. The Board of Directors' proposal concerning capital decrease without payment to the shareholders and change of denomination was adopted.
2. The Board of Directors' proposal, concerning changing the authorisation in the Articles of Associations to increase the Company's share capital from DKK 150,000,000 to DKK 15,000,000, was adopted.
3. The general meeting adopted the Board of Directors' proposal to change the company's Articles of Associations as a consequence of item 1 and 2:
a. Articles of Associations item 4.1 is changed to "The Company's capital amounts to DKK 47,122,410."
b. Articles of Associations item 5.1 is changed to "Every shares nominal value is DKK 10."
c. Articles of Associations item 6.3 is changed, so that DKK 150,000,000.00 is replaced with DKK 15,000,000.00."
d. Articles of Associations item 8.2 is changed to "On the general meeting every share amount of nominal DKK 10 gives 1 vote."
4. Authorisation to the chairman of the meeting with substitution right to report the adopted and make the amendments herein, which The Danish Commerce and Companies Agency or other authorities might demand or request, as terms for registration or approval, was given.
Recommended Reading
-
Half year result impacted by drought in Slovakia and low pig and milk prices FirstFarms A/S reported a pre-tax result of minus 50 mDKK in the first half year of 2026, which is not satisfactory. The...
Read More -
As a consequence of drought in large parts of Europe, and especially in Slovakia, crop yields in Slovakia are expected to be 35% lower than expected. At the same time, pig prices have decreased over...
Read More