Consolidated Water Co. Ltd. announced that at its Annual General Meeting on June 1, 2026, shareholders approved proposals to increase the company's authorized share capital and amend its articles to authorize share repurchases and the holding of treasury shares.
Key Details
- Authorized Capital Increase: Shareholders approved doubling the authorized share capital from CI$12.5 million to CI$25 million. This increases the number of authorized Ordinary Shares from 24,800,000 to 49,800,000.
- Share Repurchases & Treasury Shares: Amendments to the company's Articles of Association were approved, granting authority to purchase its own shares and hold them as treasury shares.
- Other Approvals: Shareholders also elected nine directors to the board, approved the 2027 Employee Stock Incentive Plan, and ratified the selection of the company's independent registered public accounting firm for the fiscal year ending December 31, 2026.