General meeting Picanol nv 2020

The general meeting of shareholders of Picanol nv for the financial year 2020 was held today. Out of a total of 33,530,814 voting rights, 31,875,930 voting rights (95.06%) were represented at the meeting.

The general meeting approved the financial statements, the allocation of results, the remuneration report, and the remuneration policy. As proposed by the Board of Directors, the general meeting decided not to pay a dividend for the 2020 financial year. The general meeting also granted discharge to the directors and the statutory auditor for the performance of their duties for the financial year ending December 31, 2020.

The general meeting also decided, on the recommendation of the Board of Directors, to reappoint 7 Capital Srl, represented by Mrs. Chantal Devrieze, as non-executive, independent director, and this for a period of four (4) years, i.e. until the conclusion of the general meeting of 2025. On the recommendation of the audit committee, the general meeting also decided to reappoint KPMG Bedrijfsrevisoren bv, represented by Mr. Patrick De Schutter, as statutory auditor for a mandate of three (3) years, i.e. up to and including the financial year 2023.

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