José María Muñoz, the judicial administrator of Málaga, has summoned the club's shareholders for the Extraordinary General Meeting that will take place on October 22 at the first call.to. If the legally established quorum is not reached, the next day (that is, October 23) on second call.
In theory, the Al Thani should be present, suspended from their functions in the Board of Directors, but holders of a shareholding package. But the sheikh and his sons don't seem to bother coming because they hardly ever do. Also BlueBay, to whom the judge provisionally granted control of 49% of 96.8% of Al Thani. And the Association of Small Shareholders (APA) with its 2.1%.
The order of the day will be more or less the usuall. Examination and approval, if applicable, of the Annual Accounts for the period from July 1, 2018 to June 30, 2019, consisting of the Balance Sheet, the Profit and Loss account, the Annual Report, the Statement of Changes in the Equity and the Statement of Cash Flows. Approval of the management of the Board of Directors corresponding to the year from July 1, 2018 to June 30, 2019. Application, if applicable, of the results for the year. Delegation of powers. Requests and questions. Reading and approval of the minutes.
It will be a meeting of the utmost importance given the delicate situation the club is going through and that it can put on the table an issue of the utmost importance such as the possibility of undertaking a capital increase or trying to adjust the budget for the season.
Málaga has not held a General Shareholders' Meeting since April 29, 2019 due to the turbulent situation of the entity and the habitual negligence of Al Thani. José María Muñoz, after being appointed judicial administrator, set the date for the celebration of this summit on April 2 of this year. But it had to be suspended due to the pandemic.