Strong increase in dividend following high results during the year under review. Clear compliance statement with the Corporate Governance rules defined by the Budapest Stock Exchange.
Interesting governance model made of three bodies : an executive Board, a Board of Directors and a supervisory board.
However, ECGS guidelines are not fully satisfied :
- no yearly vote on executive remuneration ("Say On Pay")
- Lack of checks and balances (combined chairman-CEO, independence of the Board of Directors, participation of the chairman-CEO in the Governance and remuneration committee).
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Summary Marketline's Macarthur Minerals Ltd Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Macarthur Minerals Ltd since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...
On 9 May 2019, the Company issued convertible bonds for a total principal amount of EUR 150 million. The sole agenda item relates to the proposed approval and ratification, in accordance with Article 556 of the Belgian Companies Code, of conditions of the convertible bonds in case of a change of control. These are standard provisions and they are in line with the market practice. Hence, we see no reason for shareholder concern and recommend to approve.
General: Hella is a leading automotive supplier with over 125 locations in some 35 countries. In financial year 2018/2019, the Company generated sales of EUR 7.0bn with around 39,000 employees. Hella specialises in innovative lighting systems and vehicle electronics in its segments Automotive and Aftermarket. Furthermore, in its Special Applications segment, Hella develops, manufactures and sells lighting and electronic products for specialist vehicles. As of 31 May 2019, a total of 60.00% of the Company's shares were covered by a pool agreement of family shareholders. A total of 62 members o...
In general, NN Group is in compliance with the Dutch regulations relating to the organisation and procedures of the Extraordinary General Meeting. On August 12, 2019, the Company announced that Mr. Lard Friese stepped down as CEO of the Company to become the new CEO of Dutch competitor Aegon. ECGS notes that the sole agenda item of this EGM (ITEM 2) concerns the intended appointment of Mr. David Knibbe as CEO and member of the executive board of NN Group. According to Dutch law and the Company's Articles of Association, shareholders are NOT entitled to vote on such agenda item; it is a discus...
Lors de l'assemblée générale du 19 octobre de Solocal Group, le plan de restructuration proposé avait été rejeté. L'association des porteurs individuels RegroupementPPLOCAL , à la suite d'une information contestable des dirigeants sur la clause d'un emprunt obligataire susceptible de provoquer une exigibilité anticipée, n'avait pu finalement faire élire que trois administrateurs non présentés par le Conseil.Un plan légèrement amendé en faveur des actionnaires a été adopté par le Conseil, plan qui a été jugé insuffisant par la plupart des animateurs initiaux de RegroupementPPLOCAL comme par le ...
Assemblée générale mixte particulièrement contestée pour cette société soumise à un plan de restructuration très critiqué par les actionnaires. La communication financière de la société pose de réels soucis ainsi que la composition du conseil et son comportement très critiqués publiquement par l'association des porteurs individuels RegroupementPPLocal (1400 membres) en raison de l'évolution du cours depuis la mi-2015 et du plan de restructuration proposé. L'approbation des comptes sociaux et consolidés appelle de sérieuses réserves. Il en est aussi des autorisations financières proposées en li...
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