Glaston amends capital repayment proposal and publishes date for General Meeting

Date: 28 April 2020
Source: glaston.net
Glaston amends capital repayment proposal and publishes date for General Meeting
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glaston.net

Date: 28 April 2020

Due to the significant deterioration in the global financial situation following the coronavirus Glaston Corporation’s Board of Directors has today in its meeting decided to amend the capital repayment proposal.

Due to the significant deterioration in the global financial situation following the coronavirus and the rapid changes in the company's business environment Glaston Corporation’s Board of Directors has today in its meeting decided to amend the capital repayment proposal. The Board of Directors proposes to the General Meeting that no return on capital shall be distributed.

The Board of Directors of Glaston Corporation has decided to convene the Annual General Meeting to be held on Thursday, 28 May 2020, and in this connection decided on an exceptional meeting procedure in accordance with the temporary legislation given by the Finnish Government on 24 May 2020. This enables to hold the meeting by remote participation during the COVID-19 pandemic. The Notice to convene the Annual General Meeting will be published as soon as possible.

On 20 March 2020, Glaston informed that the company has decided to postpone its Annual General Meeting which was originally scheduled to be held on Thursday, 2 April 2020, to a later date.

Glaston Corporation

Board of Directors

600450 Glaston amends capital repayment proposal and publishes date for General Meeting glassonweb.com

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