Corbion N.V. (CRBN) Earnings Call Transcript & Summary

Good afternoon, ladies and gentlemen. My name is Mathieu Vrijsen, and I'm the Chair of the Supervisory Board. I hereby open the meeting and welcome you all at this Extraordinary General Meeting of Shareholders of Corbion. As some of the participants do not speak Dutch, the language of this meeting is English. For those who do not speak English, the meeting will be translated. I hope this will enable everyone to follow the discussions. [Foreign Language] I'd now like to introduce to you the persons behind the table. As we have one agenda item, only the members of the Supervisory Board and some of the organization of Corbion will be present on this item. Here in the studio of N.V., NFGD and Zoetermeer are present: Eddy van Rhede, the CFO; Mariette Mantel, the Secretary for this meeting; Harry Noppers, Company Secretary. By video conference is participating: Steen Riisgaard, nominated member of the Supervisory Board. All legal and statutory requirements have been complied with to convene this meeting. The convocation documents for this meeting were published on Corbion's website on 19th of May 2022, and as of that date, were also available at Corbion's offices. Shareholders were -- which were registered in the shareholders' register and on record date for this meeting have been notified by letter. Mrs. Mantel will make the minutes of this meeting. As announced in the convocation documents, only questions that have been submitted in writing prior to this meeting by shareholders would be answered by the company. Please be informed that we have not received any questions. As explained in the convocation documents, as posted on Corbion's website, the voting on the sole agenda item has been completed prior to this meeting. Shareholders have had the opportunity to use electronic or written proxies to cast their votes. For the sole agenda item, the text of the proposal that has been voted on will be shown on the screen. We will provide you on the screen with information as to how many votes have been cast in favor of the proposal, how many votes have been cast against the proposal and how many votes have been abstained from voting. After that, I will inform you whether or not the voting item has been adopted. Votes were cast for 47,138,108 shares, representing 79.87% of the issued and qualified to vote capital. Every share was entitled to one vote. The sole agenda item on the agenda is the reappointment of Mr. Steen Riisgaard as Supervisory Board member. Mr. Riisgaard resigned by rotation at the end of Corbion's Annual General Meeting of Shareholders held on May 18, 2022. He has indicated that he will stand for reappointment for his third term. In accordance with Article 14, Paragraph 4 of the Articles of Association, the Supervisory Board nominates and proposes to reappoint Steen Riisgaard as Supervisory Board member for a period of 2 years, which term is in line with the Dutch Corporate Governance Code. The details of Mr. Riisgaard are included in the agenda. As we did not receive any questions, I will now conclude this agenda item and read the voting results. The total number of votes we received is 47,138,108, of which 46,444,419 are casted for, 692,069 are casted against and 1,325 are casted abstain. I confirm that the majority of the votes cast is in favor of the proposal, and the proposal is adopted. I would like to congratulate Mr. Riisgaard with his reappointment. And Steen, welcome back to the Board. Thank you. If you would like to receive the minutes of this meeting, please send an e-mail to [email protected]. I hereby now close the meeting. And I would like to thank you for you participating via the webcast. Thank you very much, and have a nice day.