M&A, Corporate and Financial News

Avantium Shareholders Approve Resolutions

Avantium N.V, a leading technology company in renewable chemistry, announces that at today's Annual General Meeting of Shareholders (AGM).

This includes the adoption of the company’s 2019 financial statements, the appointment of Bart Welten to the Management Board and the appointment of Michelle Jou to the Supervisory Board.

The AGM took place on Thursday 14 May 2020 and was held fully virtually in view of Covid-19 measures and in line with the “Emergency Act”.

The shareholders voted with 65.71% of the total number of shares outstanding on record date.

Plastic News – 29 May

The agenda items proposed for adoption in the Meeting were voted on as follows:

Agenda item 3

The AGM gave positive advice on the Remuneration Report 2019.

Winners of Corona Crisis

In favour

Against

Abstained

Circular Plastics

14,272,429

6,250

Compostable Plastics

2,671,244

Biobased Plastics

Agenda item 4

The Financial Statements for 2019 are adopted.

In favour

Against

Abstained

16,949,923

0

0

Agenda item 5a

Circular Plastics

The members of the Management Board are discharged for the performance of their duties in the financial year 2019.

In favour

Against

Abstained

16,949,923

0

0

Agenda item 5b

The members of the Supervisory Board are discharged for the performance of their duties in the financial year 2019.

In favour

Against

Abstained

16,949,923

0

0

Agenda item 6a

The remuneration policy for the Management Board is adopted.

In favour

Against

Abstained

14,272,429

6,252

2,671,242

Agenda item 6b

The remuneration policy for the Supervisory Board is adopted.

In favour

Against

Abstained

13,899,987

3,049,936

0

Agenda item 7

Mr B. Welten is appointed as a statutory member of the Management Board.

In favour

Against

Abstained

16,949,923

0

0

Agenda item 8

Mrs M. Jou is appointed as member of the Supervisory Board.

In favour

Against

Abstained

16,949,923

0

0

Agenda item 9a

The AGM designated the Management Board to issue up to 5% ordinary shares and to exclude pre-emptive rights in connection with the Company’s long term incentive and share-based compensation plans.

In favour

Against

Abstained

13,899,987

3,049,936

0

Agenda item 9b

The AGM designated the Management Board to issue 20% ordinary shares and to exclude pre-emptive rights, for the purpose of providing for financial flexibility for investments in its acceleration towards commercialisation of Avantium’s lead technology programmes,  its operations (e.g. for running costs), and/or capital expenditure.

In favour

Against

Abstained

14,272,419

6,262

2,671,242

Agenda item 9c

The AGM authorised the Management Board to repurchase shares in the share capital of Avantium on behalf of Avantium.

In favour

Against

Abstained

16,949,921

2

0

Agenda item 10

PricewaterhouseCoopers Accountants N.V. is appointed as external auditor for the financial year 2020.

In favour

Against

Abstained

16,949,923

0

0

REFS

20200514 press release avantium shareholders adopt all resolutions of agm 2020

%d bloggers like this: