**MHV Shareholders Convene for Annual General Meeting**
On Friday, MHV Mediterranean Hospitality Venture Plc held its annual general meeting (AGM), achieving a full turnout of its share capital. The meeting was attended either in person or by proxy by shareholders representing a total of 120,200,720 listed ordinary shares and 85,165,000 non-listed shares. This participation accounted for 100 percent of the company's total issued share capital.
During the AGM, shareholders engaged in a review of key financial documents. The company formally adopted the auditor’s report and the separate financial statements for the fiscal year ending December 31, 2025. Additionally, the shareholders approved the auditor’s report and the consolidated financial statements for the same period, marking a significant step in the company's governance and financial transparency.
One of the critical decisions made during the meeting was regarding the distribution of profits. The board of directors had recommended that no dividend be declared for the year ending December 31, 2025. This recommendation was successfully adopted by the shareholders, indicating a focus on reinvesting profits back into the company rather than distributing them to shareholders at this time.
In a move to maintain continuity in its financial oversight, MHV re-appointed Ernst and Young Cyprus Limited as the company’s auditors for the financial year 2026. The remuneration for the auditors will be determined at a later date by the board of directors, ensuring that the company continues to have professional oversight of its financial activities.
The AGM reflects MHV's commitment to transparency and shareholder engagement, with full participation underscoring the confidence shareholders have in the company's direction and management. As the company moves forward, the decisions made during this meeting will play a crucial role in shaping its financial strategies and operational goals for the upcoming year.