General assembly – June 24th, 2026
Ordinary General assembly of North Atlantic Energies – notice of meeting published in the BALO on May 18th, 2026.
Section I — Accounts submitted for approval
The ordinary General assembly is notably called upon to approve the financial statements for the 2025 financial year. These accounts include a €206m asset impairment (IAS 36) which minority shareholders dispute (see Resolution C).
2025 Annual Financial Report – North Atlantic Energies (published April 29, 2026)
2025 annual financial report published by North Atlantic Energies, including the consolidated accounts, the management report and the statutory auditors' report.
Meeting documents
Resolutions and statement of reasons (May 28, 2026)
Draft resolutions filed by the Allan Green Concert ahead of the general meeting of June 24, 2026, together with the corresponding statements of reasons.
Section II — Resolutions filed
Resolution A – Appointment of a director
Add to the board a director with finance and IFRS expertise, without removing anyone (the 9th seat is available).
Resolution B – Advisory resolution (IAS 24)
Note the inadequacy of related-party disclosures (ExxonMobil) and call on the statutory auditors to give their opinion.
Resolution C – Advisory resolution (IAS 36)
Challenge the fairness of the €206m impairment and of the net book value.
Resolution D – Separate vote on each agreement
Require a vote on each of the regulated agreements (around 15) instead of a single block vote (AMF recommendation 2012-05).
Section III — Proposed agenda items
Item 1 – Agreement-by-agreement disclosure
Obtain, during the meeting, the economic detail and conflicts of interest of each regulated agreement.
Item 2 – Relationship with Citi
Have the inventory financing arrangement (around €900m) and its purpose explained.