Results of the General Meeting of PICANOL NV

The general meeting of shareholders of Picanol nv for the financial year 2020 was held on May 17, 2021. Out of a total of 33530814 voting rights, 31875930 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.

The presentation and minutes of the general meeting are published on the website of Picanol Group: www.picanolgroup.com