On
The Meeting considered the following agenda items.
1. The Board of Directors' (the “Board”) report on the Company's activities during the past financial year
The report was not a subject for voting. The Meeting took note of the report.
2. Adoption of the audited 2020 Annual Report
The audited 2020 Annual Report was adopted.
3. Presentation of the 2020 Remuneration Report
A advisory vote for was cast on the 2020 Remuneration Report.
4. Resolution proposed by the Board on remuneration to the
The proposed remuneration to the
The basic fee amounts to
The fee multipliers applicable to the Chair and deputy Chair as well as members and chairs of the board committees are reflected in the Remuneration Policy.
Members of the Board receive a fixed travel allowance when participating in any Company related meeting outside their country of residence:
• Within a continent:
• Overseas: DKK 60,000.
5. Proposed distribution of profit as recorded in the adopted 2020 Annual Report, including the proposed amount of any dividend to be distributed or proposal to cover any loss
The Board’s proposal that no ordinary dividend be paid on the profit for the year available for distribution according to the 2020 Annual Report was adopted.
6. Election of members to the Board
7. Election of auditor
Following the completion of an audit tender in 2020 and a recommendation from the Audit Committee, Ernst & Young P/S was re-elected as auditor.
8. Resolution on the discharge from liability of the Board and Executive Management.
The Board and Executive Management were discharged from liability.
9. Any proposal by the shareholders and/or Board.
The Board had submitted the following proposals:
9.1 Authorisation to the Board to effect one or more capital increases with pre-emptive rights for the shareholders.
9.2 Authorisation to the Board to effect one or more capital increases without pre-emptive rights for the shareholders.
9.3 Authorisation to let the Company conduct fully electronic (virtual) general meetings.
9.4 Adoption of a new Remuneration Policy.
9.5 Authorisation to the Board to distribute extraordinary dividend.
9.6 Authorisation to the chair of the Meeting.
Re 9.1
The proposed authorisation to the Board to effect one or more capital increases with pre-emptive rights for the shareholders in the period until
Re 9.2
The proposed authorisation to the Board to effect one or more capital increases without pre-emptive rights for the shareholders in the period until
Re 9.3
The proposed authorisation to let the Company conduct fully electronic (virtual) general meetings was adopted and article 7.3 in the Articles of Association was amended accordingly.
Re 9.4
The proposed new Remuneration Policy was adopted.
Re 9.5
The proposed authorisation to the Board was granted to pass one or more resolutions to distribute extraordinary dividends of up to a total amount of
Re 9.6
Authorisation was granted to the chair of the Meeting to make such amendments and additions to the resolutions passed by the Meeting and to file the application for registration with the
Following the Meeting the Board elected its officers with
Chair of the Board
ABOUT PANDORA
Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through more than 7,000 points of sale, including around 2,700 concept stores.
Headquartered in
CONTACT
INVESTOR RELATIONS John Bäckman VP, Investor Relations, Tax & +45 5356 6909 jobck@pandora.net Investor Relations Director +45 3050 1174 kram@pandora.net | CORPORATE COMMUNICATIONS Director External Relations +45 4060 1415 jome@pandora.net |
Attachment
- Pandora_Company Announcement_No 618
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