HEERENVEEN (THE NETHERLANDS), 22 April 2020. Accell Group N.V. announces that all resolutions proposed to shareholders were passed at the Annual General Meeting (the “AGM”) held in Ede, the Netherlands today.

Board remuneration
In light of the impact of COVID-19 on society and Accell Group in particular, the Board of Management stated during the AGM that it had unanimously decided to refrain from any form of regular variable compensation over the 2020 financial year.

In addition, CEO Ton Anbeek also noted during the AGM that he had decided to refrain from the proposed increase of his short-term (cash) bonus in general as included in the revised remuneration policy.

AGM 2020 resolutions
The shareholders meeting adopted the 2019 Annual Accounts and rendered a positive advice with respect to the Remuneration Report 2019. In addition, the shareholders appointed KPMG Accountants N.V. as Accell’s external auditor responsible for auditing the 2020 and 2021 financial statements.

Shareholders also adopted the new remuneration policy for the Board of Management and Supervisory Board.

The shareholders meeting renewed, for a period of 18 months from the day after the AGM, the existing authorization of the Board of Management to acquire, up to a maximum of 10% of the company’s ordinary shares issued at the time of the acquisition. Furthermore, the AGM renewed, for a period of 18 months from the day after the AGM, the existing authorization, to issue ordinary shares up to a maximum of 10 per cent of the number of ordinary shares outstanding. Finally, the AGM renewed, for a period of 18 months from the day after the AGM, the existing authorization of the Board of Management to limit or exclude pre-emptive rights in relation to the issue of ordinary shares, up to a maximum of 10 percent of the number of ordinary shares outstanding. The use of the aforementioned authorizations by the Board of Management is subject to the Supervisory Board’s approval.

For the other resolutions that were passed at the AGM is referred to the website of Accell Group (under Corporate Governance: GMS 2020). Please note that item 5.b (dividend proposal) was removed from the AGM agenda; reference is made to the press release dated 25 March 2020.