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Eltel AB ( (SE:ELTEL) ) has issued an announcement.
Eltel AB’s Annual General Meeting in 2025 resulted in several key resolutions, including the adoption of financial statements for 2024, a decision not to pay dividends, and the discharge of the Board and CEO from liability. The meeting also saw the re-election of board members and the introduction of a new member, along with the approval of a Long-Term Incentive Program for senior executives. Additionally, the Board was authorized to issue new shares and repurchase existing ones, and amendments to the articles of association were made to reduce share capital, pending regulatory approval. These decisions are likely to impact Eltel’s financial strategy and shareholder value.
More about Eltel AB
Eltel is the leading service provider for critical infrastructure in the Nordics, offering services and turnkey solutions for communication and power networks and renewable energy. With 4,500 employees across the Nordics, Germany, and Lithuania, Eltel plays a crucial role in the digitalization and electrification of society. The company’s head office is in Sweden, and its shares are listed on Nasdaq Stockholm. In 2024, Eltel’s total net sales amounted to EUR 828.7 million.
Average Trading Volume: 102,390
Current Market Cap: SEK1.33B
Learn more about ELTEL stock on TipRanks’ Stock Analysis page.