Progress of annual general meeting in FirstFarms A/S

Progress of annual general meeting in FirstFarms A/S

Today, FirstFarms A/S held its annual general meeting which resulted in the following:

1.      The report on the company’s activities was taken into cognizance.

2.      The audited annual report 2018 was approved and decharge was given to the Board of Directors.

3.      Of the result of the year of tDKK 8,131 for FirstFarms A/S, tDKK 3,264 was distributed as dividend and the rest was carried forward to next year.

4.      The general meeting approved the remuneration for 2019 to the Board of Directors.

5.      The general meeting re-elected Henrik Hougaard, Asbjørn Børsting, Jens Bolding Jensen and Bent Juul Jensen as the company’s Board of Directors.

6.      Pricewaterhouse Coopers was re-elected as the company’s auditor.

7.      Proposals from the Board of Directors:

7.a.1  The general meeting authorised the Board of Directors to increase the company’s capital

7.a.2  The general meeting approved the change of the authorisation to the Board of Directors to issue convertible bonds and to carry out the related capital increase.

7.b     The general meeting approved the general guidelines for incentive payment in FirstFarms A/S

7.c     The general meeting authorised the Board of Directors, in the period until the next annual general meeting, to let the company acquire own shares.

7.d     The general meeting authorised the chairman of the meeting with substitution right to report the adopted amendments and undertake the amendments in the adopted, which the Danish Business Authority or other authorities might demand or request carried out as condition for registration or approval.

On a board meeting held immediately after the annual general meeting the Board of Directors constituted itself with Henrik Hougaard as Chairman and Asbjørn Børsting as Vice Chairman.

Best regards

FirstFarms A/S

For further information:

Please visit our website or contact CEO Anders H. Nørgaard on telephone .

About FirstFarms:

FirstFarms is a Danish stock exchange listed company, which purchases and operates agriculture in Eastern Europe. We develop the individual farms to modern and sustainable businesses that deliver milk, meat and grains of the highest quality to the dinner tables all over the world.

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