Solocal (FR:LOCAL) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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.
For further insights into FR:LOCAL stock, check out TipRanks’ Stock Analysis page.