Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Netherlands
  4. Euronext Amsterdam
  5. Amsterdam Commodities N.V.
  6. News
  7. Summary
    ACOMO   NL0000313286

AMSTERDAM COMMODITIES N.V.

(ACOMO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Amsterdam Commodities N : Agenda EGM 2021 English Agenda EGM 2021 Dutch CV Kathy L. Fortmann CV Victoria Vandeputte How to submit voting instructions Registration form Question form

08/03/2021 | 04:14pm EST

Amsterdam Commodities N.V. (the 'Company')

The Extraordinary General Meeting of Shareholders (the 'EGM') will be held on Wednesday 15 September 2021 at 11:00 a.m., to be held as a virtual meeting

Agenda

  1. Opening of the EGM
  2. Invitation of the Chairman to a shareholder to co-sign the minutes of this EGM
  3. Proposal to appoint Mrs Kathy L Fortmann as CEO and executive director ('statutair bestuurder') of the Board of Directors effective as of 15 September 2021 (resolution)
  4. Proposal to appoint Mrs Victoria Vandeputte as non-executive director of the Board of Directors effective as of 15 September 2021 (resolution)
  5. Any other business
  6. Closure

Record date

Entitled to attend the EGM are persons who:

  1. On 18 August 2021, after the processing of all debt and credit entries on that date (the 'record date') have an entry as shareholder or other party with statutory meeting rights in the (sub-)registers referred to below; and
  2. Have registered themselves as described below.

The designated sub-registers for shareholders and others with statutory meeting rights are the records of the intermediaries as defined by the Securities Giro Act, showing who the owners of, or holders of rights with respect to, such shares are on the record date. References in this document to 'shareholders' include others with statutory meeting rights, unless the context or Dutch law requires otherwise.

Access

In connection with the coronavirus pandemic the Company will convene the EGM as a virtual meeting, meaning that the Company will hold the EGM exclusively through a live webinar to protect the health and safety of everyone involved in the meeting, including the shareholders.

Shareholders and their authorized representative will not have the right to attend the EGM in person. Instead, in order to be able to attend the virtual EGM, shareholders must log in to the webinar and shareholders will be requested to apply through the registration form that is published on the Company's website https://www.acomo.nl/wp-content/uploads/2021/08/Acomo-EGM_registration-form.docx.This registration form should be mailed to: investorrelations@acomo.nlby Wednesday 8 September 2021 at 17.00 h (CET). Shareholders who have registered for the webinar will receive an email prior to the meeting with a personalised link that will give access to the webinar.

Voting instructions and submitting questions

Shareholders can submit their voting instructions through their intermediaries or by using the portal of ABN AMRO Bank (www.abnamro.com/evoting). Detailed instructions from ABN AMRO Bank have been published on the Company's site https://www.acomo.nl/wp-content/uploads/2021/08/How-to-submit-voting-instructions-EGM- Acomo-2021.pdf.Voting will exclusively take place through proxy voting.

The deadline for submitting voting instructions is Wednesday 8 September 2021 at 17.00 h (CET). Please note that your intermediary might have a different closing date.

Shareholders may submit questions up to 72 hours prior to the meeting by using a special form published and available on the Company's website https://www.acomo.nl/wp-content/uploads/2021/08/Acomo-EGM_questions-form.docx. Questions that have not been submitted in a timely fashion shall not be addressed during the webinar. Shareholders who have submitted questions in accordance with these instructions, may ask follow-up questions during the webinar by using the chat functionality provided via the webinar technology. Submitted questions will be grouped and answered during the meeting.

Amsterdam Commodities N.V.

Rotterdam, 3 August 2021

=======

Notes to the agenda

Note to point 3

The Board of Directors proposes to appoint Mrs Kathy L. Fortmann as CEO and executive director ('statutair bestuurder') of the Company effective as of the date of the meeting for a period of four years (renewable).

The information to be provided pursuant to the Law, the Company's Articles of Association and the Corporate Governance Code is published on the Company's website www.acomo.nl/financial-agenda/.

The main terms of the contract between Mrs Kathy L. Fortmann and the Company are as follows:

  • Appointment as CEO and executive director ('statutair bestuurder') for four years (renewable);
  • Fixed remuneration € 750.000;
  • Variable remuneration based on:
    • a (scaled) consistent increase of the Earnings per Share in excess of € 1.62 per share;
    • a discretionary bonus related to achievement of annually agreed targets, such as:
      • The return on capital: maintaining and growing the return on capital (save for goodwill) above 15%;
      • Business development initiatives: adding new profitable markets and/or products and/or business models to the Group;
      • Acquisitions/divestments: access to attractive potential add-ons for the Group, leading deal assessment and/or negotiation and/or deal making processes, taking right decisions (which may include not to do a deal), successful integration of acquisitions and successful divestments;
      • Talent development: developing management directors and/or management teams of the Group, including assessments and internal and external succession planning;
      • Sustainability: creating new ESG initiatives and increasing the ESG focus + profile of the Group.
    • The total variable remuneration will not exceed three times the fixed remuneration with a minimum of € 250.000 per year.
  • Options: 120.000 options on newly to be issued shares of the Company at a price of € 23.80 per share, vesting over six years, first (partial) vesting after three years.

Note to point 4

The Board of Directors proposes, in accordance with its profile and on the current terms as applicable, to appoint Mrs Victoria Vandeputte as non-executive director of the Company effective as of the date of the meeting for a period up and until the AGM of 2025 (renewable).

The information to be provided pursuant to the Law, the Company's Articles of Association and the Corporate Governance Code is published on the Company's website www.acomo.nl/financial-agenda/.

Disclaimer

ACOMO - Amsterdam Commodities NV published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 20:12:31 UTC.


ę Publicnow 2021
All news about AMSTERDAM COMMODITIES N.V.
10/28Voting results EGM 2021 Agenda EGM 2021 English Agenda EGM 2021 Dutch
PU
08/05AMSTERDAM COMMODITIES N : Acomo appoints Victoria Vandeputte as new Non-Executive Director
PU
08/05AMSTERDAM COMMODITIES N : Acomo appoints Victoria Vandeputte from Belgium as new Non-Execu..
PU
08/03AMSTERDAM COMMODITIES N : Agenda EGM 2021 English Agenda EGM 2021 Dutch CV Kathy L. Fortma..
PU
07/29AMSTERDAM COMMODITIES N : Appoints CEO
MT
07/28AMSTERDAM COMMODITIES N : Acomo appoints Kathy Fortmann as group CEO
PU
07/23AMSTERDAM COMMODITIES N.V., - ACOMO : Ç28.4 million) and eps for h1 increased by +47% to ..
PU
07/22Amsterdam Commodities N.V. Reports Earnings Results for the Half Year Ended June 30, 20..
CI
07/22ACOMO INCREASES OPERATING PROFIT BY : Ç28.4 million) and eps for h1 increased by +47% to ..
PU
04/28AMSTERDAM COMMODITIES N : Presentation AGM 2021
PU
More news
Financials
Sales 2021 1 129 M 1 277 M 1 277 M
Net income 2021 - - -
Net Debt 2021 272 M 308 M 308 M
P/E ratio 2021 15,7x
Yield 2021 -
Capitalization 706 M 797 M 799 M
EV / Sales 2021 0,87x
EV / Sales 2022 0,83x
Nbr of Employees 1 200
Free-Float 87,4%
Chart AMSTERDAM COMMODITIES N.V.
Duration : Period :
Amsterdam Commodities N.V. Technical Analysis Chart | ACOMO | NL0000313286 | MarketScreener
Technical analysis trends AMSTERDAM COMMODITIES N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 23,85 €
Average target price 25,58 €
Spread / Average Target 7,25%
EPS Revisions
Managers and Directors
Kathy L. Fortmann Chief Executive Officer & Executive Director
Allard Goldschmeding Group MD, CFO & Executive Director
Bernard H. Stuivinga Non-Executive Chairman
Yoav Gottesmann Independent Non-Executive Director
Machtelt Groothuis Independent Non-Executive Director
Sector and Competitors