DeZwarteRidder schreef op 2 april 2025 13:00:
Avantium Releases Agenda For 2025 Annual General Meeting
AMSTERDAM, 1 April 2025, 18:00 hrs CET – Avantium N.V., a leading company in renewable and circular polymer materials, has published its agenda for the upcoming Annual General Meeting of Shareholders (AGM), to be held on Wednesday 14 May 2025, 14:00 CEST at Wicked Grounds, Schipluidenlaan 4, 1062 HE Amsterdam, the Netherlands. The meeting documents, consisting of the AGM agenda and the explanatory notes, the 2024 Annual Report and the 2024 Remuneration Report, are available on the Avantium website:
avantium.com/shareholders-meetings/.The agenda of the 2025 AGM includes a number of key topics and proposals crucial to Avantium’s strategic direction and future growth. These include a proposal to authorise the Management Board to issue ordinary shares up to the statutory maximum of the authorised share capital, a request for approval of a share consolidation and the re-appointment of (a) Tom van Aken as a member of the Management Board and CEO and (b) Margret Kleinsman as a member of the Supervisory Board.
Financing
Avantium will ask its shareholders to grant the Management Board the authority to issue ordinary shares up to the statutory maximum of the authorised share capital, and to limit or exclude pre-emptive rights in respect thereof, for a period of 18 months from the AGM date. This will give the Company the flexibility to quickly respond to opportunities and challenges, especially with the start-up of its first-of-a-kind FDCA Flagship Plant and the rollout of its licensing strategy. Granting this authority will allow the Company to raise capital more efficiently, reduce costs and speed up important processes to help achieve its goals. The Management Board will only utilise this mandate when necessary, and will need Supervisory Board approval to use such mandate, always ensuring that they believe that any share issuance is in the best interests of the Company and its shareholders.
Avantium intends to raise approximately €40 million in equity capital before the summer of 2025 to ensure that the Company remains well capitalised to support the rollout of the FDCA/PEF commercialisation and licensing strategy. Avantium will provide further details about the intended capital raise, including the exact timeline and specific terms, in due course.
Share consolidation
Avantium proposes to consolidate 10 shares into 1. This means that 10 (ten) ordinary shares will be consolidated into 1 (one) ordinary share. The purpose of the proposed share consolidation is to increase the market value per ordinary share. Immediately following the share consolidation, the share price will be ten times higher than the share price prior to the share consolidation.