Solocal Group Approves Major Financial Restructuring

Solocal (FR:LOCAL) has released an update.

Solocal Group’s Mixed General Assembly saw the approval of key resolutions, including the implementation of a capital reduction due to losses by decreasing the nominal value of shares from €1 to €0.001. The participation rate was 32.2%, with over 42.5 million shares represented. Notably, the restructuring resolutions were passed with over 97% approval, demonstrating strong shareholder support for the company’s financial reorganization efforts.

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