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Extraordinary general meeting |
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Extraordinary general meetingAn EGM is a special meeting of a company and its shareholders which can be called by company directors or anyone with at least 10% of the voting rights on the company's shares.EGMs have to be called in order for certain special resolutions to be passed (e.g. to approve a takeover or merger or break-up of the company) and for the resolution to be passed, 75% of more of the shareholders have to vote for it.Similar MatchesExtraordinary itemExtraordinary itemAn unusual and unexpected one-time event that must be explained to shareholders in an annual or quarterly report, e.g., write down for a discontinued operation, employee fraud, a lawsuit, or other one-time events. Results are often presented with and without these items. The logic of excluding these items is that investors a better notion of future performance if one-time events are excluded. Extraordinary positive valueExtraordinary positive valueA positive net present value. Extraordinary itemsExtraordinary itemsCosts which affect a company's profit (or loss) which are not associated with normal activities and which are not expected to recur. Extraordinary callExtraordinary callEarly redemption of a revenue bond because the revenue source paying the interest on the bond has been eliminated or has disappeared. |
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