Eurofins Scientific – AGM 30 June 2020
ITEMS 9 and 10: It is proposed, for the first time, to give an advisory opinion on the
remuneration report and policy. While the Company's disclosure on long-term
remuneration is perfect, its disclosure on bonuses is far less so. It is not even up to
French or European standards, since not only does the Company not disclose the
annual bonuses actually awarded for 2019, but it also does not disclose the
performance criteria for the annual bonuses. This lack of transparency is not acceptable
for a SBF 120 Company.
ITEM 1 of the EGM: It is proposed to renew the authorization to increase the capital
without preferential subscription rights for a further period of 5 years. The authorized
amount will be maintained at €2.5 million. However, the current issued capital is 1.89 M
€. The capital could thus be increased by € 603,317.5, i.e. 31.81% of the current issued
capital, which exceeds our limit of 10% of the capital. We therefore recommend the
opposition.
Eurofins Scientific is an international life sciences company operating in food & pharmaceutical products testings. Co. provides analytical testing services to clients from various industries including pharmaceutical, food, and environmental sectors. Co. offers analytical methods for evaluating the authenticity, origin, safety, identity, composition, and purity of biological substances & products. Co. verifies authenticity of products analyzed to detect dangerous components (pathogens, prions, pesticides, asbestos, mycotoxins, dioxins, toxic substances, etc.). Co. operates in Benelux, France, Germany, North America, Scandinavia, British Isles (U.K. & Republic of Ireland), & other countries.
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