- Board and Management report on the activities of the Company.
- Submission of the Annual Report
- Approval of the Annual Report and decision on exemption of the Management and Board of Directors from liability.
- Board recommendations for the allocation of profits.
- Election of members to the Board of Directors.
- Appointment of one or two state-authorised public accountants as auditors.
- Other business proposed by the Board or by shareholders:
7.a. Proposal by the Board of Directors to authorise the Board to buy own shares
Re 1 - 4: Items 1 to 4 on the agenda were dealt with as one item. The General Meeting adopted the report, approved the annual accounts and exempted the Management and Board of Directors from liability. The Board's recommendation to distribute DKK 7 dividend per share was approved.
Re 5: Pursuant to the Articles of Association §14(b), the members of the Board elected at the General Meeting shall retire at each Annual General Meeting. All members of the Board of Directors elected at the General Meeting - Mr Jørgen Worning, Mr Torkil Bentzen, Mr Jesper Ovesen, Mr Johannes Poulsen, Mr Jens S. Stephensen and Mr Søren Vinther - stood for reelection and were reelected.
Re 6: The General Meeting approved the proposal by the Board of Directors to reappoint Deloitte Statsautoriseret Revisionsaktieselskab as auditors.
Re 7.a: The General Meeting adopted the proposal by the Board of Directors to grant the Company authorisation until the next Annual General Meeting to acquire own shares up to a total nominal value of 10 per cent of the Company's share capital pursuant to Section 48 of the Danish Public Companies Act. The consideration for the shares acquired must not deviate more than 10 per cent from the official price quoted on the Copenhagen Stock Exchange at the time of acquisition.
The chairman of the General Meeting, Mr Klaus Søgaard, closed the Annual General Meeting at 17:43 hours. 540 shareholders, representing 30,7 % of the votes, attended the Annual General Meeting.
At the subsequent initial Board meeting, the Board elected Mr Jørgen Worning as Chairman and Mr Jens S. Stephensen as Vice Chairman.
Yours faithfully
FLSmidth & Co.A/S