Summary of FLSmidth & Co. A/S' Annual General Meeting

Eine Rakete, die aus einem Laptop hervorgeht als Symbol für Start-up-Ideen (Symbolbild). © peshkov / iStock / Getty Images Plus / Getty Images

Company Announcement No. 6-2017:

On Thursday 30 March 2017 at 16.00 (CET), FLSmidth & Co. A/S held its Annual General Meeting at Tivoli Hotel & Congress Center, Copenhagen, with the following agenda:

The Board of Directors' report on the company's activities in 2016

Presentation and approval of the Annual Report for 2016

Approval of the Board of Directors' fees:

a. Final approval of fees for 2016
b. Preliminary determination of fees for 2017

Distribution of profits or covering of losses in accordance with the approved Annual Report

Election of members to the Board of Directors

Appointment of auditor

Proposals from the Board of Directors

The Board of Directors submitted the following proposals:

7.1 - Proposal for amendment of the Articles of Association - company announcements in English
7.2 - Proposal for amendment of the Articles of Association - introduction of electronic communication
7.3 - Treasury shares
7.4 - Approval of updated guidelines for incentive pay

8. Any other business

-------------------------------------

Re 1: The General Meeting took note of the Board of Directors' report.

Re 2: The General Meeting approved the Annual Report for 2016.

ARIVA.DE Börsen-Geflüster

Kurse

FLSmidth

47,16 €

+1,51%

Re. 3: Approval of Board of Directors' fees:

a: The General Meeting approved the Board of Directors' fees for 2016.
b: The General Meeting approved the preliminary determination of fees for 2017.

Re. 4: The Board of Directors' proposal to pay out a dividend of DKK 6 per share was adopted.

Re. 5: The General Meeting re-elected Mr Vagn Ove Sørensen, Mr Tom Knutzen, Ms Caroline Grégoire Sainte Marie, Mr Marius Jacques Kloppers and Mr Richard Robinson Smith (Rob Smith) for the Board of Directors. The General Meeting also elected Ms Anne Louise Eberhard as a new member of the Board of Directors.

Re. 6: The General Meeting adopted the proposal by the Board of Directors to appoint Ernst & Young Godkendt Revisionspartnerselskab as auditor in accordance with the recommendation from the audit committee.

Re. 7.1: The General Meeting adopted the Board of Directors' proposal for amendment of the Articles of Association - company announcements in English.

Re. 7.2: The General Meeting adopted the Board of Directors' proposal for amendment of the Articles of Association - introduction of electronic communication.

Re. 7.3: The General Meeting adopted the proposal by the Board of Directors that it be authorised until the next Annual General Meeting to let the company acquire treasury shares equivalent to a total of 10% of the company's share capital at the time of the authorisation, provided that the company's total holding of treasury shares at no point exceeds 10% of the company's share capital. The consideration may not deviate more than 10% from the official price quoted on Nasdaq Copenhagen at the time of acquisition.

Re. 7.4: The General Meeting approved the updated guidelines for incentive pay.

The chairman of the Annual General Meeting, Mr Klaus Søgaard, closed the Annual General Meeting at 17.28 hours.

46.45 % of the votes were represented at the Annual General Meeting.

At the subsequent initial Board Meeting, the Board elected Mr Vagn Ove Sørensen as Chairman and Mr Tom Knutzen as Vice Chairman.

Contact Investor Relations:
Pernille Friis Andersen, +4536181887, pefa@flsmidth.com
Nicolai Mauritzen, +4536181851, nicm@flsmidth.com

Contact Media Relations:
Sofie Karen Lindberg, +4530931877, skl@flsmidth.com

FLSmidth is the market-leading supplier of productivity to the global mining and cement industries. Headquartered in Copenhagen, Denmark, and with offices in more than 50 countries, FLSmidth delivers engineering, equipment and service solutions to customers worldwide. Productivity, sustainability, and quality are focus areas for the 12,000 employees in FLSmidth. The company generates annual revenue of approximately DKK 18 billion. Read more on www.flsmidth.com

Read in PDF

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via Globenewswire

Mehr Nachrichten zur FLSmidth Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.