Deceuninck : Annual General Meeting and dividend

Press Release | Dividend

Regulated Information

Tuesday 27 April 2021 at 18:00h CET

Annual General Meeting and Dividend

On 27 April 2021 Deceuninck organized its Annual General Meeting using Microsoft Teams. With this set-up shareholders were able to follow the meeting virtually and in real-time while respecting social distancing measures.

All agenda items were approved by the shareholders. Details of the voting results and minutes of the meeting (in Dutch) will be available at https://www.deceuninck.com/en/shareholder-meetings.aspx.

Dividend

Following the proposal of the Board of Directors the General Meeting approved the gross dividend over 2020 of 5 eurocents (€ 0.05) per share.

Ex-dividend date :	10 May 2021
Record date :	11 May 2021
Payment date :	12 May 2021

Composition Board of Directors

The General Meeting has reappointed Marcel Klepfisch SAS, represented by Mr. Marcel Klepfisch, and Alchemy Partners BV, represented by Mrs. Anouk Lagae, as Independent Directors until closing of the AGM of 2025. HumbleBee Partners BV, represented by Mr. Bruno Humblet, has been appointed as Independent Director until closing of the AGM of 2025, and Venture Consult BV, represented by Mrs. Benedikte Boone, has been appointed as Director until closing of the AGM of 2025.

The Board has decided to reappoint Marcel Klepfisch SAS, represented by Mr. Marcel Klepfisch, as Chairman, and to appoint Venture Consult BV, represented by Mrs. Benedikte Boone, as Vice Chairwoman of the Board of Directors. HumbleBee Partners BV, represented by Mr. Bruno Humblet, has been appointed as member of the Audit Committee.

We also inform that the temporary mandate of Mr. Chris Lebeer as Independent Director has come to an end on 27 April 2021. The Board of Directors would like to thank Mr. Lebeer for his excellent contribution in the strategic repositioning and transition Deceuninck is making. The repositioning and the launch of Icor/Elegant are very important and appear to be successful. Mr. Lebeer wishes the company all the best in this ongoing change process.

www.deceuninck.com

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Outlook

In line with the previous communication done on 25 February, we confirm a very strong sales growth in all regions. Raw material supply remains challenging and causes increasing prices, which forces us to be strict in passing them through to our customers. We are confident that we can offer the same delivery reliability despite current supply conditions.

Our strategic projects, including further investments in our recycling plant in Diksmuide, adding extra production capacity in North America and the commercial launch of Elegant in Europe, remain on track.

Calendar

5 May 2021	Bolero Small and Mid Cap Event
17 August 2021	Half year results 2021

End of press release

About Deceuninck

Founded in 1937, Deceuninck is a top 3 independent manufacturer of PVC and composite profiles for windows and doors. Headquartered in Hooglede-Gits (BE), Deceuninck is organized in 3 geographical segments: Europe, North America and Turkey & Emerging Markets. Deceuninck operates 18 vertically integrated manufacturing facilities, which together with 16 sales and distribution entities guarantee the necessary service and response time to Customers. Deceuninck strongly focuses on innovation, ecology and design. Deceuninck is listed on Euronext Brussels ("DECB").

Contact Deceuninck: Bert Castel • T [phone] • [e-mail]

Press release

Regulated information - AGM and dividend

www.deceuninck.com