The Société Industrielle d’Appareillage et de Matériel Électrique (SIAME) will hold an Ordinary General Meeting on November 18, 2025, at its headquarters in Grombalia, according to a notice issued by the Board of Directors meeting on September 29, 2025.
Several sensitive points will be put to a shareholder vote, notably the replacement of the statutory auditors and the postponement of the 2024 dividend.
The first item on the agenda: the Ordinary General Meeting will have to decide on the acceptance of the resignation of the two statutory auditors, the company FINOR and Zahaf & Associés.
No details are provided in the notice regarding the reasons for these simultaneous resignations. As replacements, the shareholders will have to appoint two new chartered accounting firms for a term covering the fiscal years 2025, 2026, and 2027.
The names of the proposed firms do not yet appear in the draft resolutions, suggesting that the candidates will be revealed during the meeting. The term will end at the General Meeting ruling on the 2027 accounts, in accordance with current standards.
The most delicate point concerns the detachment of the 2024 dividend coupon. According to the document, the Ordinary General Meeting will follow the instructions of the supervising judge, who mandates a postponement of the dividend distribution to a later date, which will be set by the court.
