General Meetings

The General Meeting is the highest authority of XXL ASA. All shareholders in the company are entitled to attend, speak and vote at General Meetings of the company and to submit items to be included on the agenda for a General Meeting.

Extraordinary General Meeting 28 November 2024 at 10.00 CET

Reference is made to the stock exchange announcement made by XXL ASA (“XXL” or the “Company”) on 6 November 2024 regarding the fully underwritten rights issue of approximately NOK 600,000,000 (the “Rights Issue”).

The Company hereby calls for an extraordinary general meeting to be held on Thursday 28 November 2024 at 10:00 hours (CET) to resolve on (i) a share capital reduction by reduction of the nominal value of the shares from NOK 40 to NOK 0.1, (ii) the Rights Issue, (iii) providing the board of directors with an authorization to issue new shares as settlement of fees to the bridge loan guarantors and the underwriters of the Rights Issue, (iv) providing the board of directors with an authorization to resolve distribution of dividend-in-kind, (v) providing the board of directors with a new general authorization to issue new shares, and (vi) providing the board of directors with an authorization to issue new shares in connection with share incentive programs. The proposed resolutions referred to in (i)-(iii) are subject to each other and it is proposed that the general meeting carries out a joint vote for these agenda items. The resolution referred to in (iv) above will only be voted on if the resolutions referred to in (i)-(iii) are not adopted by the general meeting.

The extraordinary general meeting will be held electronically through Lumi AGM.

Please note that only those who are shareholders in the Company five business days prior to the general meeting, i.e. on 21 November 2024, are entitled to attend and vote at the general meeting, cf. Section 5-2 (1) of the Norwegian Public Limited Liability Companies Act. A shareholder who wish to attend and vote at the general meeting must be registered in the shareholder register (VPS) at the record date for the general meeting or have reported and documented an acquisition as per the record date for the general meeting. Shares that are acquired after the record date for the general meeting do not entitle the holder to attend and vote at the general meeting.

All relevant documents are listed below

Notice of Extraordinary General Meeting XXL ASA_Innkalling til ekstraordinær generalforsamling XXL ASA

 

Annual General Meeting 2024

The Annual General Meeting of XXL ASA was held on Tuesday 4 June 2024 at 09.00 CET electronically through Lumi AGM

All relevant documents are listed below

Minutes from annual general meeting XXL ASA_Protokoll fra ordinær generalforsamling XXL ASA

Notice of Annual General Meeting XXL ASA – Innkalling til ordinær generalforsamling XXL ASA

Valgkomiteens innstilling XXL ASA – Nomination Committee’s Recommendation XXL ASA

Innstilling fra revisjonskomiteen XXL ASA (NO)

Recommendation from the audit committee XXL ASA (ENG)

Remuneration Report 2023 XXL ASA – Lederlønnsrapport 2023 XXL ASA

 

Corporate Governance

XXL considers good corporate governance to be a prerequisite for value creation and trustworthiness and for access to capital.
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Dividend Policy

XXL will target a dividend pay-out ratio of 40-50 per cent of the Groups annual net income
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Management

Biographies for the management team can be found here.
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Board of Directors

Biographies for the Board of Directors can be found here.
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