Main Street Complex p l c : Annual General Meeting Held
May 28, 2024 at 12:20 pm
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COMPANY ANNOUNCEMENT
Main Street Complex p.l.c.
Annual General Meeting Held
Date of Announcement
28 May 2024
Reference No:
51/2024
Capital Markets Rules
5.16
QUOTE
The Board of Directors of Main Street Complex p.l.c. (the "Company") announces that the annual general meeting ("AGM") of the Company was held, today the 28th May, 2024 and is hereby reporting on the outcome of the proceedings of the AGM:
(1) Resolutions approved at the AGM
All of the ordinary resolutions put forward for approval by shareholders at the AGM were approved, as follows:
Ordinary Business
Audited Financial Statements
That the Audited Financial Statements of the Company for the financial year ended 31 December, 2023 and the Directors' and Auditors' report thereon, be hereby received and approved;
Dividend
That a final net dividend of €214,000 (or €0.011 per share) be and is hereby approved; and
Re-appointmentof Auditors
That the appointment of PricewaterhouseCoopers as auditors of the Company be hereby approved and that the Board of Directors be hereby authorised to fix their remuneration.
Extraordinary Business
Approval of Remuneration Policy
That the Company's remuneration policy, as explained in the Shareholders' Circular dated 3 May 2024 and circulated together with the notice convening the meeting, be and is hereby approved.
(2) Appointment of Directors
No resolution for the purpose of appointing Directors to the Board of Directors of the Company was required. The incumbent members of the Board of Directors were re-appointed in accordance with the Articles of Association of the Company. Accordingly, with effect from the conclusion of the AGM, the Board of Directors of the Company is to be composed of Mr Joseph A. Gasan (Chairman of the Board), Mr Mario Camilleri, Mr Etienne Borg Cardona, Mr Christopher Mifsud and Ms Isabella Vella.
(3) Discussion on remuneration report
The Remuneration Report of the Company set out in the Directors' Report forming part of the audited financial statements of the Company for the financial year ended 31 December, 2023, was submitted for discussion in the Annual General Meeting in accordance with rule 12.26L of the Capital Markets Rules issued by the Malta Financial Services Authority. No questions relative to the said remuneration report were received in advance of or during the AGM.
UNQUOTE
By order of the Board.
Dr Malcolm Falzon
Company Secretary
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Main Street Complex p.I.c. is a Malta-based company. The Companyâs principal activity is to grant concessions for outlets or spaces in the Main Street Complex, a retail and entertainment complex, featuring four floors of retail outlets, a bar/restaurant and entertainment area, and parking facilities in the heart of Paola, Malta. The Companyâs complex includes retail and leisure. The retail complex includes Lindex, Pull & Bear, The Model Shop, Accessorize, Flying Tiger, The Balloon Shop, I M Home, Bottega Verde, Tenda, Sterling Jewellers & e-Jewels, Orsay, Matalan, and Heavenscent. The retail complex offers a range of brands on the island, including Accessorize, Lindex, Pull & Bear, Sterling Jewellers, The Model Shop, and others. Its leisure complex includes CyberMaxx Family Entertainment, Bingo Royale, and Bacio Cafeteria & Restaurant. The Company also offers various services, including DHL SwipBox, and Car Park.