FLSmidth & Co. A/S (FLIDY) Shareholder/Analyst Name Transcript

Mads Nipper

Expensive shareholders, it’s now 4:00 PM. And as Chairman of the Board, it is a pleasure for me to welcome you to this Annual Basic Assembly of FLSmidth. That is the primary time for many years that we’re holding our AGM exterior our earlier headquarters in Valby. We moved away from there earlier this 12 months. We moved into the brand new places of work at Havneholmen, down the road right here in Copenhagen. This was additionally the start of a brand new period for FLSmidth and I will come again to that afterward in my report. To take us by this AGM, the Board has chosen lawyer Louise Korpela. And I give the ground to you, Louise.

Louise Celia Korpela

Thanks very a lot. My first job as Chair is to ensure that the assembly has been duly convened and is quorate. There have to be minimal 3, most 5 weeks’ discover through the corporate’s web site and by sending discover to these shareholders who’ve so requested. The convening discover was despatched out on the twenty seventh of February, which was throughout the time line and likewise within the right method. It additionally comprises, as I mentioned, all the knowledge which is required below Danish firm regulation and the corporate’s Articles of Affiliation, and all the knowledge the corporate is requested or obligated to make obtainable to shareholders has been made obtainable. So the assembly has been duly convened. Behind me, you see the agenda. It comprises the same old gadgets that have to be included in accordance with the articles after which we even have proposals from the Board of Administrators regarding an up to date model of the remuneration coverage and likewise the acquisition of treasury shares and likewise prolongation of