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PARIS - Canal+ S.A. (LSE:CAN), a leading global media and entertainment company, announced the successful passage of several resolutions during its Combined Shareholders’ General Meeting held today at L’Olympia in Paris. The resolutions, which included the approval of financial statements and authorization for share-related actions, received overwhelming support from shareholders.
During the meeting, resolutions concerning the approval of annual and consolidated financial statements for the year ended December 31, 2024, were passed with approximately 99.80% of votes cast in favor. The allocation of financial results and the related dividend distribution were similarly approved, with 99.74% of votes cast supporting the motion.
Shareholders also granted authorization to the Management Board to award free shares to employees and corporate officers of the group, with 99.40% of votes in favor, and to reduce the company’s share capital by canceling shares, which received 99.98% approval.
Further, the authorization for the repurchase of the company’s own shares was approved by 99.98% of votes cast, demonstrating confidence in the company’s management and strategic direction.
The full text of the resolutions and the Report of the Management Board on the Proposed Resolutions are available for inspection on the National Storage Mechanism and on Canal+’s official website.
In accordance with UK Listing Rule 6.4.2R, the resolutions passed at the meeting will be submitted to the National Storage Mechanism and will be available for viewing in due course.
The strong shareholder support reflects confidence in Canal+’s governance and strategic initiatives. The company’s share capital consists of 991,959,494 shares, with a substantial portion of the issued share capital represented in the voting process.
This report is based on a press release statement from Canal+ S.A.
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