LATAM Airlines Announces Board Changes and Dividend Proposal

Latam Airlines Group Sa (LTMAY) has released an update.

LATAM Airlines Group S.A. has announced the resignation of Mr. Bouk Van Geloven from the Board of Directors, effective April 24, 2024, prompting a need for board renewal at the upcoming Ordinary Shareholders’ Meeting. Extraordinary and Ordinary Shareholders’ Meetings are set for April 25, 2024, to address corporate matters, including the elimination of a transitional article, capital reduction, and election of a new Board of Directors. Additionally, a dividend distribution proposal has been suggested, offering $0.0002887797894 per share, with payment scheduled for May 16, 2024.

For further insights into LTMAY stock, check out TipRanks’ Stock Analysis page.