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Lumi Gruppen Postpones LTIP Decision Amid Shareholder Queries

Story Highlights
  • Lumi Gruppen withdraws LTIP resolution from AGM agenda due to shareholder requests.
  • Board plans separate meeting to provide more LTIP details and ensure shareholder clarity.
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Lumi Gruppen Postpones LTIP Decision Amid Shareholder Queries

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Lumi Gruppen AS ( (DE:8KS) ) has shared an announcement.

Lumi Gruppen AS has decided to withdraw the resolution regarding the new long-term incentive plan (LTIP) from the agenda of its upcoming annual general meeting, following shareholder requests for more information. The board remains committed to the LTIP and plans to address it in a separate extraordinary general meeting, ensuring shareholders receive the necessary details.

More about Lumi Gruppen AS

Lumi Gruppen is a prominent Norwegian education provider established in 1989, comprising two main divisions: Oslo Nye Høyskole (ONH) and Sonans. ONH is a private university college with a significant online presence and a new campus in Oslo, focusing on high-demand study areas. Sonans leads in private candidate exam preparation for high school students in Norway.

YTD Price Performance: 14.15%

Technical Sentiment Signal: Sell

Current Market Cap: €73.3M

For an in-depth examination of 8KS stock, go to TipRanks’ Stock Analysis page.

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