EGM 2020

Jun 26, 2020

Ladies and gentlemen, hereby I open the extraordinary general meeting of shareholders in Koneclyco Phillips M. V. The outbreak of the coronavirus still affects the way we need to organize our meetings. In order to protect the health and safety of the participants in the meeting, we have decided to allow our shareholders to follow the meeting virtually only via our webcast. This means that we are using the temporary legislative measures imposed in April of this year. Also, in view of the limited agenda of this meeting, we are present here with a small number of persons only. Next to me, from left to right, you see Manik van Gineken, our Chief Legal Officer Franz Van Houten, our CEO and Abhijit Bhattacharya, our CFO. The other supervisory directors have to be excused from attending the meeting. But our Vice President, Ms. Christine Kuhn, is virtually participating in this meeting. Before getting down to the discussion of the only agenda item, I would like to pass on the formal confirmation of the notary. From the preparation to this meeting, it has become evident to the notary that the legal requirements and the requirements adopt legally valid resolutions about all the items on the agenda. The count by the notary has shown that upon the commencement of the meeting, capital was represented of rounded off €121,000,000 This means that 603,000,000 votes 103,000,000 votes are entitled to vote. Having regard to the number of shares in the company meeting. Finally, I can inform you that the Board of Management and the Supervisory Board have not received any agenda proposals from shareholders. This brings me to the only agenda item for today, the proposal to adopt a dividend of €0.85 per common share in the form of common shares only. Let me give you some more background information. In March of this year, when convening the Annual General Meeting of Shareholders, we still intended to propose an optional dividend to you. Before the AGM took place, that proposal was amended to the dividend proposal presented to you today. The present proposal is in line with our reservation and dividend policy of the past few years. For further details, I would like to refer you to the explanatory note that has been published. There are no shareholders who have responded to our call if desired to submit questions in advance. This completes the intrinsic treatment of the dividend proposal. I now proceed to announcing the results of the votes cast during this meeting on behalf the shareholders who have provided their voting instructions prior to the meeting. For practical reasons, I shall only mention the rounded off percentages of the votes cast. The more detailed results of the vote will be published on our website after this meeting and will be included in the report later. So the agenda item, proposal to adopt a dividend for 2019. You see on the screen that 97.13%, so more than 97% have voted in favor of the proposal. Therefore, I confirm that the proposal has been carried and that the dividend for 2019 has hereby been adopted. I hereby close this general meeting of shareholders. Thank you for your attention. Thank you for being present, whether virtually or in here in the flesh. The meeting is closed.