AGM/EGMJun 26, 2026, 06:07 AM
Nexa Resources Shareholders Approve $800M Capital Increase, Reject Rights Limit
AI Summary
Nexa Resources S.A. held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on June 25, 2026, where shareholders approved most resolutions. Key approvals included the annual accounts, consolidated financial statements, reelection of all directors, reappointment of PwC as auditor, and an increase in authorized share capital to $800 million. However, a significant resolution authorizing the Board to limit or cancel preferential rights for share capital increases was rejected by shareholders.
Key Highlights
- Shareholders approved the annual accounts and consolidated financial statements with over 99.97% FOR.
- All nine directors, including Flavio Aidar and Jaime Ardila, were reelected with majorities ranging from 93.304% to 99.972% FOR.
- Board remuneration was approved with 99.958% FOR.
- PwC was reappointed as auditor with 99.841% FOR.
- Authorization for the Board to increase share capital was approved with 92.543% FOR.
- Authorized share capital was increased to $800,000,000 with 93.225% FOR.
- Authorization for the Board to limit or cancel preferential rights was rejected with only 0.888% FOR.
- Amendments to articles 11.1, 6.1, 13.4, 13.10, and 13.13 of the Articles of Association were approved.
Price Impact
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