Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.
Loma Negra C.I.A.S.A., an Argentine industrial company, has recommended several motions in preparation for its upcoming Ordinary Shareholders’ Meeting on April 25, 2024, including the appointment of key representatives, the approval of the previous fiscal year’s financial documents, and the allocation of significant funds to an ‘Optional Reserve for Future Dividends’. The company has also proposed the appointment of external auditors and outlined compensation for both the Board and the Supervisory Committee that exceeds statutory limits. The Board abstains from commenting on their own and the Supervisory Committee’s performance, leaving it to shareholders’ approval.
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