, May 15, 2013

Ordina AGM approves all items on agenda

Ordina N.V.’s annual general meeting of shareholders (AGM) today approved all the items listed on the meeting’s agenda. The Supervisory Board also informed the AGM of the appointment of Mrs. J. (Jolanda) Poots-Bijl as statutory director and CFO as of 1 June 2013.

Adoption financial statements

The AGM adopted the financial statements for the financial year 2012. Ordina booked full-year revenue of EUR 400.7 million and net profit of EUR 0.5 million in 2012. In view of the modest size of the profit, the AGM decided against payment of a dividend and decided to add the net profit in its entirety to Ordina N.V.’s reserves.

Composition Supervisory Board

In accordance with the resignation schedule, Mrs. Pamela Boumeester was reappointed as member of the Supervisory Board for a further four-year period.  

Remuneration policy Management Board

The AGM has approved the Supervisory Board’s proposal, aimed at increasing transparency, to make a number of technical adjustments and two substantive adjustments to the remuneration policy of the Management Board. The technical changes are due legislative changes. The first substantive change pertains to the possibility of adjusting the proportion of short-term remuneration and long-term remuneration without altering the total sum of the performance-related salary. The second substantive change gives the Supervisory Board the option of reaching additional agreements with respect to the settlement of any short-term and long-term performance-related remuneration at the end of an appointment period or in the event that a member of the Management Board resigns before the end of their contract.  


As a matter of standing practice, the AGM granted a number of authorisations. Stichting Prioriteit Ordina Groep (the priority trust) was authorised to issue new Ordina N.V. shares and in the process to limit and exclude pre-emptive rights where appropriate. This authorisation was capped at 5% of the outstanding share capital of Ordina N.V.. In addition, the AGM authorised the Management Board to purchase treasury shares up to a maximum of 10% of the outstanding share capital.

Revenue and operating result for the first quarter of 2013

Ordina’s revenue and operating result for the first quarter of 2013 was published in a press release this morning.