Dovre Group Plc Stock Exchange Release April 28, 2020 at
DECISIONS OF THE ANNUAL GENERAL MEETING OF DOVRE GROUP PLC
Dovre Group Plc’s Annual General Meeting held today on
The Annual General Meeting adopted the remuneration policy proposed by the Board of Directors. The Annual General Meeting also decided on the composition and remuneration of the Board of Directors, the election of the auditor, the authorization of the Board of Directors to decide on the repurchase of the Company’s own shares and on the issuance of shares as well as the issuance of other special rights entitling to shares.
Payment of dividend
Dovre Group Plc’s Annual General Meeting held on
Remuneration policy for the Company’s governing bodies
The Annual General Meeting adopted the remuneration policy proposed by the Board of Directors.
Composition and remuneration of the Board of Directors
The Annual General Meeting decided that the number of Board members be set at four (4). Svein Stavelin,
The Annual General Meeting resolved that the chairman of the Board is paid
Auditor
The Annual General Meeting elected the Authorized Public Accountant entity
Authorizing the Board of Directors to decide on the repurchase of the Company’s own shares
The Annual General Meeting authorized the Board of Directors to decide on the repurchase of the Company’s own shares on the following conditions: the Board is entitled to decide on repurchase of a maximum of 10,100,000 of the Company's own shares, which shall be repurchased in deviation from the proportion to the holdings of the shareholders using the non-restricted equity and acquired through trading at the regulated market organized by
Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of other special rights entitling to shares
The Annual General Meeting authorized the Board of Directors to decide on the issuance of new shares and/or the conveyance of own shares held by the Company and/or the granting of special rights referred to in Chapter 10, Section 1 of the Finnish Companies Act on the following conditions:
By virtue of the authorization, the Board may also decide on a directed issue of shares and special rights, i.e. waiving the pre-emptive subscription rights of the shareholders, under the requirements of the law. By virtue of the authorization, a maximum of 10,100,000 shares may be issued, corresponding to approximately a maximum of 9.9% of the Company’s existing shares.
The Board may use the authorization in one or more instalments. The Board may use the authorization to finance or conclude acquisitions or other arrangements, to strengthen the Company’s capital structure, to incentive programs or other purposes decided by the Board. The new shares may be issued or the Company’s own shares conveyed either against payment or free of charge. The new shares may also be issued as an issue without payment to the Company itself. The Board was authorized to decide on other terms of the issuance of shares and special rights. By virtue of the authorization, the Board of Directors may decide on the realization of the Company’s own shares possibly held by the Company as pledge.
The authorization is valid until
The minutes of the Annual General Meeting will be available on the Company’s website at www.dovregroup.com within 14 days as of the date of Annual General Meeting.
Convening after the Annual General Meeting, the Board of Directors of
Tel. +47 90 60 78 11
arve.jensen@dovregroup.com
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