Annual General Meeting

To Nasdaq OMX Copenhagen A/S

Public announcement no. 425

June 28, 2018

PROCEEDINGS AT THE ANNUAL GENERAL MEETING ON JUNE 28, 2018

The Annual General Meeting of Glunz & Jensen Holding A/S took place on June 28, 2018 at Lindholm Havnevej 29, 5800 Nyborg, in accordance with the below agenda.

The Board of Directors appointed Mr. Søren Elmann, attorney-at-law, Chairman of the meeting and the appointment was approved unanimously by the shareholders present.

The Chairman of the Board of Directors accounted for the Company's activities in the past year and the shareholders took note of the presentation. The audited annual report for 2017/18 was submitted and adopted. The General Meeting discharged the Board of Directors and the Executive Management from their obligations.

Resolution on appropriation of profit, including the amount of dividend, or covering of loss was in accordance with the adopted annual report, and the Board of Directors’ proposal not to pay dividend was approved. 

According to proposal from the Board of Directors, it was approved that Glunz & Jensen Holding A/S may purchase own shares at maximum 60% of the share capital until June 28^th, 2023.

According to proposal from the Board of Directors, it was approved that commencing at the next General Meeting, the language at the General Meeting and the documents related to the General Meeting may be in either Danish or English.

The proposal for the Board of Directors fee for 2018/2019 was approved.

According to proposal from the Board of Directors, Carsten Knudsen and Michael Hove were both re-elected.

Hereafter, the Board of Directors consists of Carsten Knudsen, Michael Hove, Flemming Enevoldsen, Rolf Pfiffner, Kristian Kvistgaard* og Søren Andersen*.

* Previously elected by the employees.

According to proposal from the Board of Directors, Ernst & Young Godkendt Revisionspartnerselskab was re-elected auditors of the Company.

The minutes of the annual general meeting and the updated articles of association will be made available at www.glunz-jensen.com as soon as possible.

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Following the Annual General Meeting, the Board of Directors met at the first meeting of the Board of Directors - and Carsten Knudsen was elected Chairman of the Board of Directors and Flemming Enevoldsen was elected Vice-chairman of the Board of Directors.

For additional information:

Chairman of the Board of Directors, Carsten Knudsen, at phone +4521464236