Amendment to Articles of Association of the Company approved by the Share Holders of the Company in the AGM
Awaiting price reaction for this filing.
On 24th September 2025, shareholders of Quintegra Solutions approved amendments to the Articles of Association (AOA) during the Annual General Meeting. The Board had proposed these changes on 26th August 2025. Two new articles were inserted: Regulation 48, which allows the company to reduce its share capital, capital redemption reserve, or share premium account, and Regulation 4C, which allows the company to use capital reserves, general reserves, or other reserves to adjust accumulated losses or for capital reduction. The amendments are preparatory steps to enable a proposed capital reduction, as the existing AOA lacked the necessary provisions for such actions.
This is an enabling step toward a future capital reduction. Shareholders should expect a separate proposal for actual capital or reserve adjustment, which could affect share value or book value but is aimed at cleaning up the balance sheet by adjusting accumulated losses.