Reinet Investments S.C.A., a leading Luxembourg-based investment company, has announced its upcoming Annual General Meeting of shareholders, scheduled to be held on 29th August 2023. Shareholders are invited to attend the meeting, either in person or by proxy, to discuss and vote on various important matters pertaining to the company.
The meeting will take place at 2:00 pm on Tuesday, 29th August 2023, at Hotel Le Royal, 12, boulevard Royal, L2449 Luxembourg.
Agenda Items for the Annual General Meeting
Reinet Investments S.C.A. has outlined a comprehensive agenda for the Annual General Meeting. Shareholders will be presented with critical business reports, and important decisions will be made regarding financial statements, appropriations, and board member elections.
| Agenda Item | Description |
|---|---|
| Business Reports | Shareholders will consider various reports, including those from the General Partner, Board of Overseers, and approved statutory auditor. This will cover the financial statements for the accounting year ended 31st March 2023. |
| Approval of Financial Statements | Shareholders will vote to approve the statutory and consolidated financial statements for the accounting year ended 31st March 2023. |
| Appropriations | The General Partner proposes a cash dividend of €0.30 per share to be paid from the retained earnings available as at 31st March 2023. The remaining earnings will be carried forward to the following business year. |
| Discharge of Liability | Shareholders will vote to grant discharge of liability to the General Partner and members of the Board of Overseers for their performance during the accounting year ended 31st March 2023. |
| Board of Overseers Elections | Shareholders will have the opportunity to re-elect Mr. J Li, Mr. Y Prussen, Mr. S Robertson, and Mr. S Rowlands as members of the Board of Overseers for the next year. |
| Approval of Board Remuneration | A proposed remuneration of €70,000 per annum for each Board of Overseers member will be put to vote. |
| Authorisation to Acquire Shares | Shareholders will consider granting a new authorization to the Company to acquire ordinary shares for a specified period and up to a maximum limit of 20% of the issued ordinary share capital. |
Instructions for Attendance and Voting
Shareholders eligible to participate and vote at the meeting are those who were shareholders of record of the Company at midnight on 15th August 2023 (Luxembourg time), the Record Date.
Registered Shareholders must submit the registration forms to attend the Meeting or appoint a proxy to the Registrar, UI efa S.A., no later than 22nd August 2023.
European Shareholders, whose shares are held in European clearing systems such as Euroclear Nederland, Euroclear Bank, or Clearstream, have multiple options for attendance. They can register via the Evote by ING Platform or submit written registration forms to ING Bank N.V. The deadline for these processes is also 22nd August 2023.
South African Shareholders, whose shares are held through Central Securities Depository Participants (CSDP) or brokers and traded on the Johannesburg Stock Exchange, should contact their broker or CSDP to obtain a letter of representation to attend and vote at the Meeting.
Privacy Note
Reinet Investments S.C.A. has informed shareholders that the Company will process personal data in accordance with applicable data protection laws to fulfill the legal obligation of holding the Annual General Meeting. Personal data will be used for the administration of attendance and voting processes and will be accessible to entities assisting in the voting process.
Note: Shareholders holding at least 5% of the share capital may place items on the agenda and submit draft resolutions for consideration, but such requests must reach the Registrar, UI efa S.A., by email no later than 7th August 2023.
The complete statutory and consolidated financial statements, along with reports and draft resolutions, are available at the registered office of the Company and on the Company’s website (www.reinet.com).
The Meeting will be validly constituted, and resolutions will be approved by a simple majority of votes cast. The language of the Meeting will be English.
