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Maha Energy AB Class A ( ($SE:MAHA.A) ) just unveiled an update.
At the Annual General Meeting, Maha Energy AB’s shareholders approved the income statements and balance sheets for 2024, discharged the Board and CEO from liability, and decided not to distribute dividends, opting to carry forward available funds. The meeting also saw the re-election of several board members and the introduction of Carlos Gomez-Lackington to the board. Additionally, the board was authorized to repurchase shares and issue new shares, warrants, and convertible debentures, potentially increasing the share capital by 20%. These resolutions aim to enhance the company’s financial flexibility and strategic positioning.
More about Maha Energy AB Class A
Maha Energy AB is a listed international oil and gas company focused on being an active financial investor in the energy and minerals industries. The company aims to build a diversified and balanced portfolio of producing assets with significant growth and production potential. Its shares are listed on Nasdaq Stockholm.
Average Trading Volume: 207,663
Current Market Cap: SEK658.5M
Learn more about MAHA.A stock on TipRanks’ Stock Analysis page.