Summary of the Annual General Meeting 2020

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The Annual General Meeting held on 11 June 2020 has unanimously approved all proposed ordinary resolutions, including dividend distribution and board composition. Extraordinary resolution to allow shareholder voting over videolinks could not be be approved due to insufficient number of ordinary shares represented at the meeting.

Thomas Kalita, Company CEO, made a presentatition highlighting the Group's progress over the years and the financial result for the financial year 2019: revenues increased by 55.09%; EBIT increased by 48.43%, while earnings per share for the year 2019 amounted to EUR 0.0814, an increase of 39.38% (all compared  to 2018). 

The AGM approved the Audited Accounts of the Company and the Group for the financial year ending 31 December 2019. 

The AGM approved the dividend distribution of EUR 5,248,950 (EUR 0.07 per share), for the financial year ending 31st December 2019.

All members of the Board of Directors were re-elected and Olga Finkel has been elected as a new additional member of the Board and the Chairperson of the Board.

The Company's auditor has been reappointed for another year.

The extraordinary resolution proposing to amend the Company's Articles of Association to allow shareholders voting at general meetings over videoconferencing facilities was unanimously approved by the shareholders present at the AGM, but nevertheless did not meet the minimum required statutory approval threshold due to an insufficient number of ordinary shares represented at the AGM. 

42.03% of all ordinary shares of the Company were represented at the AGM.