04/04/2019 COMPANY ANNOUNCEMENT 5/2019

The general meeting adopted the report on the company's activities in the past financial year. The report contained the information already communicated to Nasdaq Copenhagen A/S in the company's electronic annual report 2018 on 28 February 2019.  

The annual report 2018 was approved by the general meeting.  

The general meeting adopted the proposal from the board of directors to transfer the result for the financial year 2018 to 2019.  

Anders Christen Obel, Niels Rauff Hansen, Anders Bundgaard, Jens Jørgen Nielsen, Erling Bech Poulsen and Helle Okholm were re-elected to the board of directors for another one-year term.  

The annual general meeting approved the remuneration to the board of directors for 2019 with DKK 600,000 to the chairman, DKK 400,000 to the deputy chairman and DKK 200,000 for other members of the board. Remuneration for the chairman of the Audit Committee will be DKK 160,000 and members of the Audit Committee will receive DKK 80,000. The remuneration for the chairmen of the Remuneration Committee will be DKK 100,000 and members of the committee will receive DKK 50,000 in 2019. Members of the Nomination Committee are not remunerated.  

Deloitte Statsautoriseret Revisionspartnerselskab was re-elected as the auditor of the company. 

The board of directors was authorized to let the company acquire up to 10% of Goodvalley’s own shares for a price of no less than DKK 2,0 per share and no more than DKK 200,00 per share.   

The annual general meeting authorized the chairman of the meeting with a full right of substitution to file resolutions passed at the general meeting for registration with the Danish Business Authority.  

At a subsequent initial meeting of the board of directors, Anders Christen Obel was appointed chairman and Niels Rauff Hansen was appointed deputy chairman.  

  

Goodvalley  A/S    

Anders Christen Obel  

Chairman of the Board   

Further Information 

Group Communications, Anne Axelgaard 

+ 45 22 90 57 99 

info@goodvalley.com

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