MHV Mediterranean Hospitality Venture Plc held its annual general meeting (AGM) on Friday, marking a significant occasion with full participation of its share capital. Members attended either in person or by proxy, representing a total of 120,200,720 listed ordinary shares and 85,165,000 non-listed shares, which equates to 100 per cent of the company’s issued share capital.
Mhv: Financial Statements Approved
During the meeting, shareholders formally adopted the auditor’s report along with the separate financial statements for the year ended December 31, 2025. This approval reflects the company’s commitment to transparency and accountability in its financial dealings.
Dividend Decision Announced
In a notable decision, the board of directors recommended that no dividend be declared for the year ending December 31, 2025. This measure was adopted during the AGM, indicating a focus on reinvestment and growth rather than immediate shareholder returns.
Auditor Re-appointment for 2026
Looking ahead, MHV has re-appointed Ernst and Young Cyprus Limited as the auditors for the upcoming financial year of 2026. The specific remuneration for the auditors will be determined by the board of directors at a later date, ensuring that financial oversight remains a priority for the company.
Engagement from Shareholders
The full turnout at the AGM signifies strong engagement from MHV’s shareholders, showcasing their commitment to the company’s future and governance. The participation underscores the importance of shareholder involvement in corporate decision-making processes.
