Corporate ActionJun 11, 2026, 12:21 PM
Himalaya Shipping to vote on $28.5M share premium reduction
AI Summary
Himalaya Shipping Ltd. announced a Special General Meeting for August 10, 2026, to approve a proposal to reduce its Share Premium account by US$28,500,000. This amount will be transferred to the Contributed Surplus account, aiming to enhance the company's ability to declare and pay cash distributions to shareholders in the future. The record date for determining eligible shareholders is June 22, 2026, and the proposal requires a simple majority vote.
Key Highlights
- Special General Meeting scheduled for August 10, 2026.
- Proposal to reduce Share Premium account by US$28,500,000.
- Amount to be transferred to the Contributed Surplus account.
- Purpose is to increase ability to declare cash distributions.
- Record date for voting is June 22, 2026.
- Current Share Premium account balance is US$28,555,773.
- Proposal requires a simple majority of votes cast.
Price Impact
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