Annual General Meeting 2018 of NKT A/S

Company Announcement

22 March 2018
Announcement No. 3


Annual General Meeting 2018 of NKT A/S

The Annual General Meeting of NKT A/S was held on Thursday 22 March 2018, cf. Company Announcement No. 2 of 28 February 2018.

The Annual General Meeting approved the following:

• Annual Report 2017 containing 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 for a transfer of the year’s profits to retained comprehensive income.
• 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 2018.

Jens Due Olsen, René Svendsen-Tune, Jens Maaløe, Jutta af Rosenborg, Lars Sandahl Sørensen and Andreas Nauen were all re-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:

• Amendment of the wording of Article 3B I and Article 3B II as the provisions are exhausted and are no longer relevant.

The Board of Directors’ proposal of a new Remuneration Policy for the Board of Directors and Executive Management of NKT A/S was adopted.

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The new employee elected board members were presented at the Annual General Meeting. The employee elected board members are elected for the period 2018-2022 and joined the Board of Directors immediately after closing of the Annual General Meeting.

* * *

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.: +45 2494 1654
Press:                        Helle Gudiksen, Head of Group Communications, Tel.: +45 2349 9098

Annual General Meeting 2018 of NKT AS