Envipco – Publication of the 2023 Annual Report and Notice of Annual General Meeting
Amersfoort, The Netherlands – 12 July 2023 – Envipco, a global provider of recycling systems and reverse vending machines (RVMs), has today published the 2023 Annual Report and also the notice for the Annual General Meeting of Shareholders, including the agenda and the accompanying explanatory notes on its website (www.envipco.com). The Annual Meeting will be held Friday 23 August 2024 10:00 (CET) at the Company’s Amersfoort offices.
Publication 2023 Annual Report
The Company’s audited 2023 financial results as contained in the Annual Report are in agreement with the Finalized 2023 annual results released on 5 July 2024.
Notice of Annual General Meeting
The meeting agenda has proposed several changes and reappointments to the Board of Directors as follows:
- Ms. Charlotta Gylche to join the Board as a non-executive member for a one year term. Ms. Glyche is an experienced professional with a strong background in business development and management, along with sustainability and board participations.
- Mr. George Katsaros to join the Board as a non-executive member for a one year term. Mr. Katsaros has an extensive financial and banking background along significant board experience.
- Mr. Simon Bolton to be reappointed as an executive member of the Board for a three year term.
- Mr. Gregory Garvey to be reappointed as a non-executive member of the Board for a two year term.
- Ms. Anne Jorun Aas to be reappointed as a non-executive member of the Board for a one year term.
Based on shareholder approval of the proposed Board of Directors changes, the Board will now be composed of two executive members and six non-executive members. Mr. Simon Bolton, CEO and Mr. Maurice Bouri as executive members and Mr. Gregory Garvey, Mr. Erik Thorsen, Ms. Anne Jorun Aas, Ms. Ann Cormack, Ms. Charlotta Gylche and Mr. George Katsaros as non-executive members. Mr. Gregory Garvey and Mr. Erik Thorsen are not considered independent.
The agenda includes a proposal to the shareholders to provide the Board of Directors authority to raise capital and issue up to 20% of the outstanding shares.
The agenda also includes a proposal to the shareholders to amend the Company’s Articles of Association, (para 12.6) such that “unless the law or these articles of association require a greater majority, all resolutions shall be passed by a simple majority of the votes cast”.