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Turbo Energy, S.A. Reports Strong Shareholder Support in Extraordinary Meeting Results

$TURB
Form 6-K
Filed on: 2024-12-19
Source
Turbo Energy, S.A. Reports Strong Shareholder Support in Extraordinary Meeting Results

Here’s a summary of the key information extracted from the financial report of Turbo Energy, S.A., which is filed as a Form 6-K:

Company Information

  • Name: Turbo Energy, S.A.
  • Address: Calle Isabel la Catolica, 8, Door 51, Valencia, Spain 46004
  • SEC Commission File Number: U 001-41813
  • Filing Date: December 19, 2024

Meeting Details

  • Extraordinary General Shareholders’ Meeting:
  • Date: December 18, 2024
  • Time: 1:00 PM CET (UTC+01:00)
  • Record Date: November 20, 2024
  • Total Ordinary Shares Issued: 55,085,700
  • Voting Participation: 92.8% (51,177,950 shares voted)

Proposals and Voting Results

  1. Proposal 1: Increase the number of directors from seven to eight and appoint Mr. Julian Groves as a new executive director.
  • Votes in Favor: 50,710,175 (99.20% of present share capital)
  • Votes Against: 390,600
  • Abstentions: 17,175
  • Approved by: 92.06% of total votes.
  1. Proposal 2: Ratification of Deloitte as the Company’s Spanish public accounting firm for FY 2024.
  • Votes in Favor: 51,102,950 (99.97% of present share capital)
  • Votes Against: 8,050
  • Abstentions: 6,950
  • Approved by: 92.77% of total votes.
  1. Proposal 3: Amendment to increase shares available under the 2023 Equity Incentive Plan from 1,900,000 to 5,500,000.
  • Votes in Favor: 50,696,025 (99.17% of present share capital)
  • Votes Against: 416,150
  • Abstentions: 5,775
  • Approved by: 92.03% of total votes.
  1. Proposal 4: Granting powers for execution and notarization of resolutions for registration in the Mercantile Registry.
  • Votes in Favor: 51,081,100 (99.93% of present share capital)
  • Votes Against: 24,950
  • Abstentions: 11,900
  • Approved by: 92.73% of total votes.
  1. Proposal 5: Reading and approval of the General Shareholders Meeting minutes.
  • Votes in Favor: 51,092,470 (99.95% of present share capital)
  • Votes Against: 16,750
  • Abstentions: 6,325
  • Approved by: 92.75% of total votes.

Additional Information

  • Press Release: The results of the Extraordinary General Meeting were released in a press release dated December 19, 2024.

Signatory

  • CEO: Mariano Soria
  • Date of Signature: December 19, 2024

This summary encapsulates the main points of the report, including the outcomes of the shareholder meeting, which reflect strong support for the proposed changes and appointments.