On
The Annual General Meeting considered the following agenda items.
- The Board of Directors' report on the Company's activities during the past financial year
The report was not a subject for voting. The Annual General Meeting took note of the report.
- Adoption of the audited 2019 Annual Report
The audited 2019 Annual Report was adopted.
- Resolution proposed by the Board of Directors on remuneration to the Board of Directors for 2020
The remuneration to the Board of Directors for 2020 was adopted.
The basic fee amounts to
The chair of the Board of Directors receives 3 times the fixed base fee, whereas the deputy chair receives 1.5 times the fixed base fee. The chair and members of the
Members of the Board of Directors receive a fixed travel allowance when participating in any Company related meeting outside their country of residence:
• Within a continent:
• Overseas: DKK 60,000.
- Proposed distribution of profit as recorded in the adopted 2019 Annual Report, including the proposed amount of any dividend to be distributed or proposal to cover any loss
The Board of Directors’ proposal that a dividend ofDKK 9.00 per share ofDKK 1 be paid on the profit for the year available for distribution according to the 2019 Annual Report was adopted.
- Election of members to the Board of Directors
Peter A. Ruzicka ,Christian Frigast ,Andrea Dawn Alvey ,Ronica Wang ,Birgitta Stymne Göransson andIsabelle Parize were re-elected as members of the Board of Directors.Marianne Kirkegaard andCatherine Spindler were elected as new members of the Board of Directors.
- Election of auditor
Ernst & Young P/S was re-elected as auditor in accordance with the recommendation from the Audit Committee.
- Resolution on the discharge from liability of the Board of Directors and Executive Management.
The Board of Directors and Executive Management were discharged from liability.
- Any proposal by the shareholders and/or Board of Directors.
The Board of Directors had submitted the following proposals:
8.1 Reduction of the Company's share capital.
8.2 Amendment of the agenda for annual general meetings to include presentation of the remuneration report.
8.3 Authority to the Board of Directors to let the Company buy back own shares.
8.4 Adoption of the remuneration policy.
8.5 Authority to the chair of the Meeting.
Re 8.1
The proposed resolution on the reduction of the Company's share capital by nominally
Re 8.2
The proposed amendment of the agenda for annual general meetings to include presentation of the remuneration report was adopted.
Re 8.3
The proposed authority to the Board of Directors for the period until
Re 8.4
The proposed remuneration policy was adopted and consequently article 13 of the Articles of Association is deleted from the Articles of Association.
Re 8.5
Authority was granted to the chair of the Annual General Meeting to make such amendments and additions to the resolutions passed by the Annual General Meeting and to file the application for registration with the
Following the Annual General Meeting the Board of Directors elected its officers with
Chair of the Board of Directors
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 7,400 points of sale, including more than 2,700 concept stores.
Headquartered in
CONTACT
For more information, please contact:
INVESTOR RELATIONS Michael Bjergby VP, Investor Relations, Tax & +45 7219 5387 miby@pandora.net | CORPORATE COMMUNICATIONS Director External Relations +45 4060 1415 jome@pandora.net |
Investor Relations Officer +45 7219 5361 chmo@pandora.net |
Attachment
- Pandora_Company Announcement_No_586_UK
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