NKT A/S : Annual General Meeting 2020 of NKT A/S

Company Announcement

18 June 2020
Announcement No. 18

Annual General Meeting 2020 of NKT A/S
The Annual General Meeting of NKT A/S was held on Thursday 18 June 2020, cf. announcement No. 15 dated 27 May 2020.

The Annual General Meeting approved the following:

• Annual Report 2019 including the annual and consolidated accounts, the statements of the Management and Board of Directors, the auditor's report, and reviews for the year including the Board of Directors' proposal that no dividend payment is to be paid out.
• Discharge of the Management and the Board of Directors from their liabilities.
• The Board of Directors' proposal for remuneration to the Board of Directors, the committees and the working committee in NKT Photonics for 2020.

Jens Due Olsen, René Svendsen-Tune, Jens Maaløe, Andreas Nauen, Jutta af Rosenborg and Karla Marianne Lindahl were elected as members of the Board of Directors.

Deloitte Statsautoriseret Revisionspartnerselskab was re-elected as sole auditor of the Company.

The following amendments to the Articles of Association of the Company were adopted:

• Deletion of article 3.B, exhibits A - N and consequential updates as the authorisations as well as the warrant program have expired.
• The authorisations to the Board of Directors to issue new shares (with pre-emptive right for existing shareholders) and convertible instruments were extended and increased, and accordingly amendment of articles 3.A, 3.C and 3.D cf. the Board of Directors' proposal 9.1.2.3.
• The date of the annual general meeting was amended and accordingly amendment of article 5.6.
• Voting on the Company's remuneration report was added as a standing item on the agenda and accordingly amendment of article 6.

The Board of Directors' proposal for a new Remuneration Policy for the Board of Directors and Executive Management of NKT A/S was adopted. As a consequence of this adoption article 11.3 of the Articles of Association was deleted.

* * *

At a meeting of the Board of Directors held after the Annual General Meeting, Jens Due Olsen was elected Chairman of the Board of Directors and René Svendsen-Tune was elected Deputy Chairman.

The Chairman's report and other documents are available at investors.nkt.com/general-meetings

Contact
Investor Relations: Michael Nass Nielsen, Head of Investor Relations, Tel.: [phone]
Press: Helle Gudiksen, Head of Group Communications, Tel.: [phone]

Annual General Meeting 2020 of NKT AS.pdf