The GO extraordinary general meeting held on Friday approved the dividend and the company’s new official name that was recently changed from Maltacom to GO.

The company registered a turnover similar to the one registered the year before, amounting to Lm41 million while the increases in the mobile, broadband and TV sectors made up for the decrease in the landline sector.

The dividend announced by the board, as a result of its performances was that of 1c5 while a good Lm30 million are still waiting to be invested by the company, possibly abroad. The board, however, will be announcing the way it intends to invest this money during the next AGM in April.

During Friday’s meeting, it was suggested that the company should use the Lm30 million to buy back shares in order to boost the price of each share, which is relatively low. However, chairman Sonny Portelli said that even though this could be a solution it is not necessarily the solution that will be taken by the company.

The shareholders present also voted to replace the worker director with a consultative committee made up of representatives from the company and the GWU, a move, as explained by Mr Portelli, intended at having a director who can represent the whole company rather then solely the rights of the shareholders.