Grande Group holds extraordinary general meeting
GRAN•Grande Group shareholders approved issuing 7 million Class B shares to Grande Holding for $70, subject to changes to the shares’ rights and the company’s constitutional documents. They also approved increasing each Class B share’s voting power from 20 votes to 100 and removing its dividend and liquidation distribution rights.
1. Shareholder approvals
At meetings on October 21, 2026, shareholders approved increasing the voting power of each Class B share from 20 votes to 100 and removing the shares’ rights to dividends and distributions of surplus assets on liquidation. All three meetings approved adopting the fourth amended and restated memorandum and articles of association. The authorized issuance of 7 million Class B shares to Grande Holding for $70 is conditional on completion of the rights changes and constitutional amendments.
