The Annual General Meeting of Shareholders of Koninklijke Vopak N.V. (Royal Vopak) held on 27 April 2010 passed the following resolutions:
- Adoption of the financial statements for the 2009 financial year.
- Approval of the proposed dividend. A dividend of EUR 1.25 per ordinary share will be distributed wholly in cash on 4 May 2010. As from 29 April 2010, the shares of Vopak will be listed ex-dividend on Euronext Amsterdam.
- Endorsement of the Executive Board members’ conduct of the company’s affairs for the 2009 financial year.
- Endorsement of the Supervisory Board members’ supervision exercised for the 2009 financial year.
- Approval of the proposed amendments to the remuneration policy for the Executive Board. The amendments concern changes to the financial criteria for both the short-term and longterm variable remuneration for the Executive Board.
- Appointment of Mr F. Eulderink as a member of the Executive Board for the maximum term of office of 4 years, with effect from 28 April 2010.
- Reappointment of Mr C.J. van den Driest as a member of the Supervisory Board for the maximum term of office of 4 years.
- Authorization of the Executive Board for a period of 18 months, until 28 October 2011, to acquire, subject to the approval of the Supervisory Board, for valuable consideration, fully paidup ordinary shares in Royal Vopak, on the stock exchange or otherwise, up to the maximum number that may be held by the company in accordance with the law and the Articles of Association in force at the date of acquisition.
- Approval of the proposal to designate English as the official publication language for the Report of the Executive Board and the financial statements for the 2010 financial year and subsequent financial years.
- Approval of the proposed amendment of the articles of association. The amendment of the articles of association includes a 1:2 split of all share classes. Each ordinary share, each cumulative preference share and each cumulative finance preference share having a nominal value of EUR 1.00 will be split into two shares of the same class having a nominal value of EUR 0.50 each. The amendment of the articles of association will take effect on a date further to be determined. Euronext Amsterdam has been requested that listing of and trading in the ordinary shares with the new nominal value of EUR 0.50 will start on a following date further to be determined under the new ISIN code NL0009432491. The Euronext symbol VPK will not 2 change. As soon as there is clarity with respect to the effective date of the entry into effect of the amendment of the articles of association as well as the date of the listing of and trade in the ordinary shares with the new nominal value of EUR 0.50, the company will inform its shareholders in that respect. Shareholders do not need to take action with respect to the share split.
- Reappointment of PricewaterhouseCoopers Accountants N.V. as the external auditor of the company and their engagement to examine the company’s financial statements for the 2010 financial year.
Profile
Royal Vopak is the world's largest independent tank storage service provider, specialized in the storage and handling of liquid chemicals, gasses and oil products. The company operates 80 terminals with a combined storage capacity of more than 28 million cubic meters in 31 countries. The terminals are strategically located for users along the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.