Síminn hf. – Candidates to the BoD Shareholders‘ Meeting 21 November 2019 and Nomination Committee Report
A Shareholders‘ Meeting will be held on 21 November 2019 at 10 am at Ármúli 25, Reykjavík.
Agenda
- Motion to withdraw the mandate of Síminn hf.‘s current Board of Directors, cf. Article 64,1 of the Icelandic Companies Act no. 2/1995.
- Board elections pursuant to Article 15.1 of Síminn hf.‘s Articles of Association.
- Ratification of a decision adopted on 21 March 2019, relating board election and an amendment to the Annex Company’s Article of Association.
The deadline for declaring candidacy for the Board of Directors of Síminn hf. has passed.
The following are the candidates for the Board of Directors of Síminn hf.:
- Bertrand Kan
- Bjarni Þorvarðarson
- Helga Valfells
- Jón Sigurðsson
- Kolbeinn Árnason
- Sylvía Kristín Ólafsdóttir
For further information on each candidate, please find a short bio attached and the Nomination Committee’s report on Síminn‘s website.
According to the Articles of Association of the Company the Board of Directors shall be comprised of five members and the ratio of each gender within the Board shall be no less than 40%. Elections will be repeated until the results are legitimate in regard to gender ratios.
The Board of the Company received a rightful claim for a multiplication election from shareholders that control more than 1/10 of the share capital, cf. Article 63(7) of Act No 2/1995 on Public Limited Companies. A multiplication election will therefore be applied for the election of members of the Board of Directors at the meeting.
As the term of office of the current Board of Directors is not completed, Board elections cannot take place unless the mandate of the current Board are withdrawn. Accordingly, the meeting will first vote on the motion under agenda item 1, whether to withdraw the mandate of the current Board of Directors. Should that be approved, Board elections will take place. Should the Shareholders’ Meeting not approve the motion under agenda item 1, Board elections will not take place.
Attachments
