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Adevinta — AGM Information 2020
May 5, 2020
3520_rns_2020-05-05_7f31f7c1-e4c1-4601-a6d3-6de0465236e7.pdf
AGM Information
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MINUTES
OF
ANNUAL GENERAL MEETING
IN
ADEVINTA ASA
The Annual General Meeting of Adevinta ASA, org. number 921 796 226, was held on 5 May 2020 at 11 :00 a.m. at the premises of Schibsted ASA in Akersgata 55 in Oslo.
Lars Knem Christie opened the General Meeting and informed about attendance. 569,1 50,289 shares, equalling 83.09% of the company's shares, were represented. A list of attending shareholders, together with voting results for the respective agenda items, is included in Attachment 1.
Rolv Erik Ryssdal (CEO) was present, and Orla Noonan (Board Chair) and Fernando Abril (Chair of the Audit & Risk Committee) attended the General Meeting by telephone.
The company's auditor Ernst & Young was also present, represented by Kjetil Rimstad.
The meeting had the following agenda:
Item 1. Approval of the notice and agenda of the annual General Meeting
The notice and agenda were approved.
Item 2. Election of chairperson for the meeting
Lars Knem Christie was elected as chairperson of the meeting.
Item 3. Election of a person to co-sign the minutes
Mari Vonen was elected to co-sign the minutes together with the chairperson of the meeting.
Item 4. Approval of the financial statements and the board of directors' report for 2019 for Adevinta ASA and the Adevinta group
Rolv Erik Ryssdal, the CEO, presented the financial statements of Adevinta ASA and the group for 2019.
Resolution:
"The General Meeting approved the financial statements and the Board of Directors' Report for 2019 for Adevinta ASA and the Adevinta Group."
MV
Item 5. Consideration of report for corporate governance
The company's report on corporate governance was considered by the General Meeting. No comments or objections were presented.
Item 6. Approval of the board of directors' declaration of salary and other remunerations to the senior management
The chairperson of the meeting presented the proposal.
An advisory vote was held on the advisory guidelines for management remuneration. The General Meeting held a vote for the binding guidelines.
Resolution:
The General Meeting endorsed the advisory guidelines in the board of directors' declaration of salary and other remuneration to the senior management.
The General Meeting approved the binding guidelines in the board of directors' declaration of salary and other remuneration to the senior management."
Item 7. Approval of the auditor's fee for 2019
The chairperson of the meeting presented the proposal for auditor fees.
Resolution:
"The General Meeting approved the auditor's fee of €100,000 for the ordinary audit of Adevinta ASA."
Item 8. Approval of remuneration to the members of the board of directors
The chairperson of the meeting presented the proposal for remuneration of the board of directors.
Resolution:
"The General Meeting approved the following fees payable to the Board of Directors and the Board of Directors' committees for the period from the Annual General Meeting in 2020 to the Annual General Meeting in 2021:
a) Director's fee: Fee to the Board Chair of NOK 1,060,000 and NOK 497,000 for the other members.
Additional fee: Fee of NOK 50,000 for directors who reside outside the Oslo region, but in a Nordic country, and to NOK 100,000 for directors who reside outside the Oslo region and outside the Nordic region.
b) Fee to members of the Compensation Committee: Fee to the Compensation Committee's members of NOK 125,000 for the Committee Chair and NOK 81,000 for the Committee's other members.
c) Fee to members of the Audit Committee: Fee to the Audit Committee's members of NOK 184,000 for the Chairperson and NOK 113,000 for the Committee's other members."
Lt 2(5) MV
Item 9. Election of members of the nomination committee, including approving fees and instructions for the Nomination Committee
The chairperson of the meeting presented the board's proposal for members, remuneration and instructions for the Nomination Committee.
Resolution:
"a) The General Meeting approved Trond Berger as Committee Chair and Mette Krogsrud and Chris Davies as members of the Nomination Committee for the period until the Annual General Meeting in 2022.
b) The General Meeting approved that members of the Nomination Committee shall receive NOK 138,000 for the Chairperson and NOK 85,000 for the other members as remuneration until the Annual General Meeting in 2021.
c) The General Meeting approved the proposed instructions for the Nomination Committee."
Item 10. Amendments to the articles of association regarding voting in advance
The chairperson of the meeting presented the proposal.
Resolution:
"The following is added as a new paragraph 7 in Article 8 of the Articles of Association:
- The shareholders may cast their votes in writing, including through electronic communication, in a period prior to the General Meeting insofar as the board of directors finds that this can be done using adequately secure methods to authenticate the voter. The board of directors may establish further guidelines for such advance voting which shall be outlined in the notice of the General Meeting."
Item 11. Authorisation to the board of directors to increase the share capital
The chairperson of the meeting presented the proposal.
Resolution:
"(i) The Board of Directors is authorised pursuant to the Public Limited Liability Companies Act \$10-14 (1) to increase the Company's share capital on one or more occasions by up to NOK 13,698,970. This authorisation and the authorisation to issue convertible loans as set out in item 13 of the minutes from the Annual General Meeting held 5 May 2020, shall, however, be restricted so that they cannot be utilised to issue shares and convertible loans that in the aggregate wood exceed 10% of the Company's share capital at the time of the resolution to issue shares and based on the assumption that 100% of the outstanding convertible loans would be converted into equity.
(ii) The authority shall remain in force until the Annual General Meeting in 2021, but in no event later than 30 June 2021.
(iii) The pre-emptive rights of the shareholders under \$10-4 of the Public Limited Liability Companies Act may be set aside.
(iv) The authority covers capital increases against contributions in cash and contributions other than in cash. The authority covers the right to incur special obligations for the Company,
Mr
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ref. \$10-2of the Public Limited Liability Companies Act. The authority covers resolutions on mergers in accordance with \$13-5 of the Public Limited Liability Companies Act.
(v) Upon registration of this authorisation with the Norwegian Register of Business Enterprises, this authorisation replaces previously granted authorisation to increase capital."
Item 12. Authorisation to the board of directors to buy back the company's shares
The chairperson of the meeting presented the proposal.
Resolution:
"(i) The Board of Directors is authorised pursuant to the Norwegian Public Limited Liability Companies Act to acquire and dispose of own shares in Adevinta ASA. The total nominal value of the shares acquired by the Company may not exceed NOK 13,698,970.
(ii) The authorisation is valid until the Annual General Meeting in 2021, but in no event later than 30 June 2021.
(iii) The minimum amount which can be paid for the shares is NOK 20 and the maximum amount is NOK 750.
(iv) The Board of Directors is free to decide on the acquisition method and possible subsequent sale of the shares.
(v) Shares acquired may be used in relation to incentive schemes for employees of the Adevinta group, as consideration in connection with acquisition of businesses and/or to improve the Company's capital structure.
(vi) Upon registration of this authorisation with the Norwegian Register of Business Enterprises, this authorisation replaces previously granted authorisation to acquire the Company's shares."
Item 13. Authorisation to the board of directors to issue convertible loans
The chairperson of the meeting presented the proposal.
Resolution:
"(i) The Board of Directors is authorised to raise new convertible loans on one or several occasions up to a total amount of NOK 7,500,000,000 (or the equivalent in other currencies) ("convertible loans").
(ii) The share capital of the Company may be increased by a total of NOK 13,698,970 as a result of the convertible loans being converted into equity. This authorisation and the authorisation to issue shares as set out in item 11 of the minutes from the Annual General Meeting held 5 May 2020, shall, however, be restricted so that they cannot be utilised to issue shares and convertible loans that in the aggregate would exceed 10% of the Company's share capital at the time of the resolution to issue convertible loans and based on the assumption that 100% of the outstanding convertible loans would be converted into equity.
(iii) The shareholders' preferential rights to subscribe the loans pursuant to the Public Limited Companies Act \$ 11-4 cf. § 10-4 and§ 10-5 may be set aside.
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(iv) This authorisation shall be effective from the date it is registered in the Norwegian Register of Business Enterprises and shall be valid until the Annual General Meeting in 2021, however not later than 30 June 2021."°
There were no further items on the agenda and the meeting was closed. All resolutions were passed with necessary majority.
Only Norwegian version is signed Only Norwegian version is signed
Lars Knem Christie Mari Vonen
MV
VPS GeneralMeeting
Totalt representert
| ISIN: | NO0010844038 ADEVINTA ASA | |||
|---|---|---|---|---|
| Generalforsamlingsdato: 05.05.2020 11.00 | ||||
| Dagens dato: | 05.05.2020 |
Antall stemmeberettigede personer representert/oppmøtt : 1
| Total aksjer - selskapets egne aksjer |
684 948 502 0 |
|
|---|---|---|
| Totalt stemmeberettiget aksjer | 684 948 502 | |
| Sum Egne aksjer | 0 | 0,00 % |
| Representert ved fullmakt | 13 532 | 0,00 % |
| Representert ved stemmeinstruks | 569 136 757 | 83,09 % |
| Sum fullmakter | 569 150 289 | 83,09 % |
| Totalt representert stemmeberettiget 569 150 289 | 83,09 % | |
| Totalt representert av AK | 569 150 289 | 83,09 % |
Page 1 of 1
Protokoll for generalforsamling ADEVINTA ASA
ISIN: NO0010844038 ADEVINTA ASA Generalforsamlingsdato: 05.05.2020 11.00 Dagens dato: 05.05.2020
| Aksjeklasse | For | Mot | Avgitte | Avstår Ikke avgitt Stemmeberettigede representerte aksjer |
||
|---|---|---|---|---|---|---|
| Sak 1 Godkjenning av innkalling og dagsorden for generalforsamlingen | ||||||
| Ordinær | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 100,00 % | 0,00 % | 0,00 % | |||
| % representert AK | 100,00 % | 0,00 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,09 % | 0,00 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 2 Election of chairperson for the meeting | ||||||
| Ordinær | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 100,00 % | 0,00 % | 0,00 % | |||
| % representert AK | 100,00 % | 0,00 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,09 % | 0,00 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 150 289 | 8 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 3 Valg av person til å underskrive protokollen | ||||||
| Ordinær | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 100,00 % | 0,00 % | 0,00 % | |||
| % representert AK | 100,00 % | 0,00 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,09 % | 0,00 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 4 Godkjennelse av årsregnskap og styrets beretning for regnskapsåret 2019 for Adevinta ASA og Adevinta-konsernet |
||||||
| Ordinær | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 100,00 % | 0,00 % | 0,00 % | |||
| % representert AK | 100,00 % | 0,00 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,09 % | 0,00 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 5 Vurdering av redegjørelse for eierstyring og selskapsledelse | ||||||
| Ordinær | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 100,00 % | 0,00 % | 0,00 % | |||
| % representert AK | 100,00 % | 0,00 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,09 % | 0,00 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 6 Godkjenning av styrets erklæring om fastsettelse av lønn og annen godtgjørelse | ||||||
| Ordinær | 568 037 996 | 1 112 293 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 99,81 % | 0,20 % | 0,00 % | |||
| % representert AK | 99,81 % | 0,20 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 82,93 % | 0,16 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 568 037 996 | 1 112 293 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 7 Godkjenning av honorar til revisor for 2019 | ||||||
| Ordinær | 569 080 129 | 70 160 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 99,99 % | 0,01 % | 0,00 % | |||
| % representert AK | 99,99 % | 0,01 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,08 % | 0,01 % | 83,09 % | 0,00 % | 0,00 % | |
| Trotalt | 569 080 179 | 70 160 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 8 Godkienning av ondtgiørelse til styrets medlemmer |
https://investor.vps.no/gm/votingResultTotalMinutes.htm?_menu=true&fromMain=TRUE = 05.05.2020
| Aksjeklasse | For | Mot | Avgitte | Avstår Ikke avgitt | Stemmeberettigede | |
|---|---|---|---|---|---|---|
| representerte aksjer | ||||||
| Ordinær | 568 890 632 | 259 657 | 569 150 289 | 0 | o | 569 150 289 |
| % avgitte stemmer | 99,95 % | 0,05 % | 0,00 % | |||
| % representert AK | 99,95 % | 0,05 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,06 % | 0,04 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 568 890 632 | 259 657 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 9.a Valg av medlemmer til valgkomiteen - Trond Berger (leder) | ||||||
| Ordinær | 568 886 076 | 259 115 | 569 145 191 | 5 098 | 0 | 569 150 289 |
| % avqitte stemmer | 99,95 % | 0,05 % | 0,00 % | |||
| % representert AK | 99,95 % | 0,05 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,06 % | 0,04 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 568 886 076 | 259 115 | 569 145 191 | 5 098 | 0 | 569 150 289 |
| Sak 9.b Valg av medlemmer til valgkomiteen - Mette Krogsrud | ||||||
| Ordinær | 568 957 251 | 187 940 | 569 145 191 | 5 098 | 0 | 569 150 289 |
| % avgitte stemmer | 99,97 % | 0,03 % | 0,00 % | |||
| % representert AK | 99,97 % | 0.03 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,07 % | 0,03 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 568 957 251 | 187 940 | 569 145 191 | 5 098 | 0 | 569 150 289 |
| Sak 9.c Valg av medlemmer til valgkomiteen - Chris Davies | ||||||
| Ordinær | 569 073 773 | 71 418 | 569 145 191 | 5 098 | 0 | 569 150 289 |
| % avgitte stemmer | 99,99 % | 0,01 % | 0,00 % | |||
| % representert AK | 99.99 % | 0.01 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,08 % | 0,01 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 073 773 | 71 418 | 569 145 191 | 5 098 | 0 | 569 150 289 |
| Sak 9.4 Godtgjørelse til valgkomiteens medlemmer | ||||||
| Ordinær | 568 885 534 | 264 755 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 99,95 % | 0,05 % | 0,00 % | |||
| % representert AK | 99,95 % | 0,05 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 83,06 % | 0,04 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 568 885 534 | 264 755 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 9.5 Instruks til valgkomiteen | ||||||
| Ordinær | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avqitte stemmer | 100,00 % | 0,00 % | 0,00 % | |||
| % representert AK | 100,00 % | 0,00 % | 100,00 % | 0,00 % | 0.00 % | |
| % total AK | 83,09 % | 0,00 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 569 150 289 | 0 | 569 150 289 | 0 | 0 | 569 150 289 |
| Sak 10 Endringer av vedtekter angående forhåndsstemming | 569 150 289 | |||||
| Ordinær | 569 150 289 | 0 | 0 | 0 | 569 150 289 | |
| % avgitte stemmer | 100,00 % | 0,00 % | 0.00 % | |||
| % representert AK % total AK |
100,00 % | 0,00 % | 100,00 % | 0,00 % | 0,00 % | |
| Totalt | 83,09 % 569 150 289 |
0,00 % | 83,09 % 0 569 150 289 |
0,00 % 0 |
0,00 % 0 |
569 150 289 |
| Sak 11 Fullmakt til styret til å forhøye aksjekapitalen | ||||||
| Ordinær | 546 614 906 | 22 535 383 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 96,04 % | 3,96 % | 0,00 % | |||
| % representert AK | 96,04 % | 3,96 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 79,80 % | 3,29 % | 0,00 % | |||
| Totalt | 546 614 906 | 22 535 383 | 83,09 % 569 150 289 |
0 | 0,00 % 0 |
569 150 289 |
| Sak 12 Fullmakt til styret til tilbakekjøp av selskapets egne aksjer Ordinær |
568 689 651 | 446 395 | 569 136 046 | 14 243 | 0 | 569 150 289 |
| % avgitte stemmer | 99,92 % | 0,08 % | 0,00 % | |||
| % representert AK | 99,92 % | 0,08 % | 100,00 % | 0,00 % | 0,00 % | |
| Aksjeklasse | For | Mot | Avgitte | Avstar | Ikke avgitt Stemmeberettigede representerte aksjer |
|
|---|---|---|---|---|---|---|
| % total AK | 83,03 % | 0,07 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 568 689 651 | 446 -3.5 | 569 136 046 | 14 245 | 0 | 569 150 289 |
| Sak 13 Fullmakt til styret til å ta opp konvertible lån | ||||||
| Ordinær | 559 749 136 | 9 401 153 | 569 150 289 | 0 | 0 | 569 150 289 |
| % avgitte stemmer | 98,35 % | 1,65 % | 0.00 % | |||
| % representert AK | 98,35 % | 1,65 % | 100,00 % | 0,00 % | 0,00 % | |
| % total AK | 81,72 % | 1,37 % | 83,09 % | 0,00 % | 0,00 % | |
| Totalt | 559 749 136 | 9 401 153 | 269 120 289 | 0 | 0 | 569 150 289 |
For sel Kontofører for selskapet: DNB Bank ASA ADEVINT
Aksjeinformasjon
| Navn | Totalt antall aksjer Pålydende Aksjekapital | Stemmerett | |
|---|---|---|---|
| Ordinær | 684 948 502 | 0,20 136 989 700,40 Ja | |
| Sum: |
§ 5-17 Alminnelig flertallskrav
krever flertall av de avgitte stemmer
§ 5–18 Vedtektsendring
krever tilslutning fra minst to tredeler så vel av de avgitte stemmer
som av den aksjekapital som er representert på generalforsamlingen