Rotterdam, the Netherlands, 26 April 2007
The Annual General Meeting of Shareholders of Koninklijke Vopak N.V. (Royal Vopak) on 26 April 2007 passed the following resolutions:
- Adoption of the financial statements for the 2006 financial year.
- Approval of the proposed dividend. A dividend of EUR 0.75 per ordinary share will be distributed wholly in cash on 4 May 2007. As from 30 April 2007, the shares of Vopak will be listed ex-dividend on Euronext Amsterdam.
- Approval of the proposed changes to the remuneration policy for members of the Executive Board for the short-term variable remuneration for 2007 and 2008. As well as the approval for the introduction of a long-term incentive plan, effective as from January 1, 2008 which shall replace the current plan that will end on December 31, 2007.
- Endorsement of the Executive Board’s conduct of the company’s affairs and the Supervisory Board’s supervision thereof during the 2006 financial year.
- Approval to adapt the annual remuneration for the members of the Supervisory Board and the members of the core committees.
- Reappointment of R.M.F. van Loon as member of the Supervisory Board.
- Designation of the Executive Board for a period of 18 months as the competent body to acquire, for valuable consideration, fully paid-up ordinary shares in the company.
- 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 2007 financial year.
- J.D. Bax will withdraw as chairman and member of the Supervisory Board at the AGM of 2008,as he will reach the age of 72 years.
Profile
Royal Vopak is the world’s largest independent tank terminal operator specialising in the storage and handling of liquid and gaseous chemical and oil products. On request, Vopak can provide complementary logistics services for customers at its terminals. Vopak operates 75 terminals with a storage capacity of more than 21 million cbm in 30 countries. The terminals are strategically located for users and 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.