AGM Information • May 20, 2021
AGM Information
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AMSTERDAM, 19 May 2021, 18:00 hrs CEST – Avantium N.V., a leading technology company in renewable chemistry, announces that Avantium's shareholders granted the requested approvals on all items on the agenda of today's Annual General Meeting (AGM). This included that the adoption of the company's 2020 financial statements, the reappointment of Tom van Aken as CEO and the re-appointment of Margret Kleinsman to the Supervisory Board. PricewaterhouseCoopers was re-appointed as the external auditor of the Company for the financial year 2021.
The AGM took place on Wednesday 19 May 2021 and was held fully virtually in accordance with the COVID-19 measures. The shareholders voted with 57% of the total number of shares outstanding on record date.
The agenda items proposed for adoption in the Meeting were voted on as follows:
The AGM gave positive advice on the Remuneration Report 2020.
| In favour | Against | Abstained |
|---|---|---|
| 12,882,243 | 1,482,097 | 3,449,426 |
The Financial Statements for 2020 are adopted.
| In favour | Against | Abstained |
|---|---|---|
| 17,495,391 | 1,061 | 317,314 |
The members of the Management Board are discharged for the performance of their duties in the financial year 2020.
| In favour | Against | Abstained |
|---|---|---|
| 17,488,498 | 2,251 | 323,017 |
The members of the Supervisory Board are discharged for the performance of their duties in the financial year 2020.
| In favour | Against | Abstained |
|---|---|---|
| 17,488,498 | 2,251 | 323,017 |
Mr Tom van Aken is re-appointed as CEO and statutory member of the Management Board.
| In favour | Against | Abstained |
|---|---|---|
| 17,800,451 | 2,061 | 11,254 |
Ms Margret Kleinsman is re-appointed as member of the Supervisory Board.
| In favour | Against | Abstained |
|---|---|---|
| 17,702,370 | 3,361 | 108,035 |
The AGM designated the Management Board to issue up to 5% ordinary shares and to exclude preemptive rights in connection with the Company's long term incentive and share-based compensation plans.
| In favour | Against | Abstained |
|---|---|---|
| 12,242,075 | 3,820,093 | 1,751,598 |
The AGM authorised the Management Board to repurchase shares in the share capital of Avantium on behalf of Avantium.
| In favour | Against | Abstained |
|---|---|---|
| 17,770,538 | 33,694 | 9,534 |
PricewaterhouseCoopers Accountants N.V. is appointed as external auditor for the financial year 2021.
| In favour | Against | Abstained |
|---|---|---|
| 17,800,483 | 879 | 12,404 |
Avantium is a leading technology development company and a forerunner in renewable chemistry. Avantium develops novel technologies based on renewable carbon sources as an alternative to fossilbased chemicals and plastics. The company currently has three technologies at pilot and demonstration phase. The most advanced technology is the YXY® plant-to-plastics–technology that catalytically converts plant-based sugars into a wide range of chemicals and plastics, such as PEF (polyethylene furanoate). Avantium has successfully demonstrated the YXY® Technology at its pilot plant in Geleen, the Netherlands. The second technology is the Dawn Technology™ that converts
non-food biomass into industrial sugars and lignin in order to transition the chemicals and materials industries to non-fossil resources. In 2018, Avantium opened the Dawn Technology™ pilot biorefinery in Delfzijl, the Netherlands. The third technology is called Ray Technology™ and catalytically converts industrial sugars to plant-based MEG (mono-ethylene glycol): plantMEG™. Avantium is scaling up its Ray Technology™ and the demonstration plant in Delfzijl, the Netherlands opened in November 2019. Next to developing and commercialising renewable chemistry technologies, the company also provides advanced catalysis R&D services and systems to customers in the refinery and chemical industries. Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.
Avantium's shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is included in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.
Caroline van Reedt Dortland, Director Communications, Avantium +31-20-5860110 / +31-613400179, [email protected]
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