Cellnex Telecom SA ( (ES:CLNX) ) just unveiled an announcement.
Cellnex Telecom S.A. held its Ordinary General Shareholders’ Meeting for 2025, where key resolutions were adopted. The meeting approved the company’s financial statements for 2024, including a significant dividend distribution plan of up to €1,037.5 million from the share premium reserve, to be paid between 2025 and 2027. Additionally, a share capital reduction of up to €10 million was approved through the amortization of up to 40 million shares, enhancing shareholder value and optimizing the company’s capital structure.
More about Cellnex Telecom SA
Cellnex Telecom S.A. operates in the telecommunications industry, focusing on providing wireless telecommunications infrastructure and services. The company is a prominent player in the European market, offering solutions that support mobile network operators and other wireless communication providers.
Average Trading Volume: 1,496,634
Technical Sentiment Signal: Buy
Current Market Cap: €24.53B
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