AGM/EGMApr 28, 2026, 04:33 PM
VIST Shareholders Approve $156.6M Capital Reduction, $150M Buyback
AI Summary
Vista Energy, S.A.B. de C.V. shareholders held their Annual Ordinary General Meeting on April 28, 2026, approving several key resolutions. Shareholders ratified a US$156.6 million reduction in the variable portion of the company's capital stock to absorb losses incurred during the ten-month period ended October 31, 2025. Additionally, they approved a maximum fund of US$150 million for share repurchases for the 2026 fiscal year, with unused amounts rolling over to 2027. The meeting also saw the approval of the CEO's report, 2025 financial statements, external auditor's report, and various Board and committee reports, alongside a new compensation plan for Board members.
Key Highlights
- Shareholders ratified a US$156,587,498 reduction in variable capital stock to absorb losses from the ten-month period ended October 31, 2025.
- Approved the CEO's report, individual and consolidated financial statements, and external auditor's report for the corporate year ended December 31, 2025.
- Approved the Board of Directors' report on main accounting and reporting policies and criteria.
- Approved the Board of Directors' report on operations and activities during the fiscal year ended December 31, 2025.
- Approved the annual reports of the chairman of the Audit Committee and Corporate Practices Committee for 2025 activities.
- Approved a compensation plan for Board members for 2026, including a US$80,000 fee and 6,000 Series "A" shares/ADS.
- Approved a maximum of US$150,000,000 for share repurchases for the 2026 fiscal year, with any remainder usable in 2027.
- Designated delegates to formalize the resolutions adopted at the Annual Ordinary General Shareholders' Meeting.