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Avantium N.V. — AGM Information 2020
May 15, 2020
3815_iss_2020-05-14_c9c4d170-70b3-4152-a08d-05f269890946.pdf
AGM Information
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Avantium shareholders adopt all resolutions at Annual General Meeting 2020
AMSTERDAM, 14 May 2020, 17:45 CET – Avantium N.V, a leading technology company in renewable chemistry, announces that at today's Annual General Meeting of Shareholders (AGM), Avantium's shareholders approved all resolutions. 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.
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.
| In favour | Against | Abstained |
|---|---|---|
| 14,272,429 | 6,250 | 2,671,244 |
Agenda item 4
The Financial Statements for 2019 are adopted.
| In favour | Against | Abstained |
|---|---|---|
| 16,949,923 | 0 | 0 |
Agenda item 5a
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 |
Avantium N.V., Zekeringstraat 29, 1014 BV Amsterdam, the Netherlands, +31 20 586 8080, P.O. Box 2915, 1000 CX, Amsterdam, the Netherlands, [email protected], www.avantium.com, C of C: 34138918
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 preemptive 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 |
About Avantium
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). Avantium is scaling up its Ray Technology™ and the demonstration plant in Delfzijl, the Netherlands opened on November 7, 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 likeminded 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.
For more information:
Caroline van Reedt Dortland, Director Communications, Avantium +31-20-5860110 / +31-613400179, [email protected]