ILUS International Inc. will hold its Annual Shareholder Meeting on June 20th, 2025, in Miami, Florida, signaling a pivotal moment for the mergers and acquisitions company focused on public safety and industrial sectors.
Despite challenging macroeconomic conditions in recent years, the company has maintained its strategic growth objectives, including a notable share swap transaction with Nasdaq-listed Fusion Fuel Green PLC. This transaction positioned ILUS as the largest shareholder of Fusion Fuel, owning 35,971,544 common shares across common and non-voting preferred categories.
CEO Nicolas Link emphasized the company's resilience, noting they are emerging from difficult economic periods with renewed momentum. The upcoming shareholder meeting will provide a comprehensive overview of ILUS's strategic objectives, including plans to uplist its subsidiaries and prepare for transition to a major stock exchange.
The company plans to submit registration for its intended uplisting during summer 2025, with additional details forthcoming. Simultaneously, ILUS is undertaking significant executive appointments and assembling an experienced board to facilitate its exchange transition.
Notable changes include former Managing Director John-Paul Backwell stepping down to focus on his Fusion Fuel CEO role, while remaining an advisor to ILUS's board. The company also anticipates filing its Annual Report with some delay, primarily to address technical accounting matters and incorporate recent corporate changes.
Link expressed enthusiasm about exploring innovative methods to unlock the company's potential and create substantial liquid asset value for shareholders. The Annual Shareholder Meeting represents a critical opportunity for the company to communicate its strategic vision and progress toward key corporate objectives.
