Loma Negra Shareholders Approve Future Dividends Reserve

Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) has released an update.

Loma Negra C.I.A.S.A. successfully conducted its Ordinary Shareholders’ Meeting on April 25, 2024, with key approvals including the allocation of $6,875,895 to the ‘Optional Reserve for Future Dividends’ and empowering the Board of Directors to manage these reserves. The meeting also ratified the annual performance of the Board and Supervisory Committee members, set the remuneration for directors and committee members, and appointed new members for 2024, ensuring at least 20% of the Board are independent members. External auditors were appointed for 2024, and various administrative and procedural authorizations were granted to ensure compliance with local and international regulatory bodies.

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