Summary by Moomoo AI
SAMSONITE International Ltd. held a Board of Directors meeting on September 19, 2024, where CEO Kyle Francis Gendreau declared personal financial interests regarding matters decided by the Board. This matter involves increasing the company’s capital within the statutory share capital limit after the vesting of restricted stock units (RSUs).Due to the possibility that new shares may be issued upon the vesting of the RSUs that Mr. Gendreau may be granted, he declared his personal interest at the meeting. In accordance with the company's articles and Luxembourg Company Law, the Board of Directors has noted this conflict of interest in the meeting minutes. The Board has approved the related matters, and Mr. Gendreau did not participate in the discussion and voting.The Board of Directors hereby reports this conflict of interest event to the Shareholders and will present the related Board report at the Shareholders' meeting to be held on January 23, 2025.
