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Levante UD

The General Shareholders' Meeting of Levante UD will be held on March 26th

The Levante UD Board of Directors met with a single item on the agenda: to approve the date of the General Shareholders' Meeting, which will take place on March 26. A month before the meeting, the club has made its accounts public and explained them to the media.

The Board of Directors of Levante UD Sociedad Anónima Deportiva has approved that the General Shareholders' Meeting will take place on Tuesday, March 26, at the Centre Cultural i Esportiu "La Petxina" in València (Passeig de la Petxina, 42) at 6:00 p.m. for the first call and at 6:00 p.m. on March 27, if necessary, for the second call.

Today, exactly one month before the meeting, as required by law, the club has made public the management report, audit report, and proposal for the allocation of results of Levante UD, SAD, which is already available on its website and at the disposal of all shareholders who request it.

In this regard, the club has invited the media to explain the figures and address any doubts. The financial director, Diego Naixes, has presented each item of the club's accounts as of June 30, 2023, and has even provided an overview until the end of last year. 

Now, the General Shareholders' Meeting will have to examine and approve the annual accounts: balance sheet, profit and loss accounts, as well as the activity report of the club for the fiscal year 2022/2023. It will also have to examine and approve, if applicable, the Budget of Income and Expenses for the fiscal year 2023/2024, and determine the number of directors, ratify the appointment of directors by co-option, as well as appoint and reappoint directors.

Levante UD SAD has informed shareholders of their right to immediately and freely obtain the documents submitted for approval at the General Shareholders' Meeting, including the report on the proposal for the appointment of the Board of Directors, the management report, and the audit report; as well as to request the delivery or free mailing of these documents. The club has also informed shareholders that, according to Article 11 of the Company's Bylaws, it will be necessary to own 10 shares to attend the General Meeting. In order to meet this minimum, shareholders with lower ownership can group together and appoint one of them for representation and assistance, provided that written communication is accredited before the constitution of the General Meeting.