Course of the annual general meeting

Matas A/S
Decisions of annual general meeting

Course of the annual general meeting

Company announcement 12 2016/2017

Allerød, 2016-06-29 17:32 CEST (GLOBE NEWSWIRE) -- Matas A/S held its annual
general meeting on 29 June 2016 at 4:00 p.m. at Tivoli Hotel & Congress Center. 

Niels Heering, attorney-at-Law, was appointed chairman of the meeting.

At the general meeting, note was taken of the report by the Board of Directors
on the activities of the Company during the 2015/16 financial year, the annual
report for 2015/16 was approved and the Board of Directors and the Executive
Management were discharged from liability. 

The shareholders approved a dividend of DKK 6.30 per share of DKK 2.50 nominal
value as proposed by the Board of Directors. 

The shareholders approved the fees for the Board of Directors and the Chairman
of the Audit Committee for 2016/2017. 

Lars Vinge Frederiksen, Lars Frederiksen, Ingrid Jonasson Blank, Christian
Mariager and Birgitte Nielsen were re-elected to the Board of Directors. 

Ernst & Young Godkendt Revisionspartnerselskab were re-appointed as the
Company’s auditor. 

The shareholders adopted a resolution to reduce the Company’s share capital by
a nominal amount of DKK 2,500,000 by cancellation of 1,000,000 treasury shares
of DKK 2.50 to the effect that the Company’s share capital hereafter amounts to
nominally DKK 98,228,730 and to amend the Articles of Association accordingly
after expiry of the deadline set out in article 192 of the Danish Companies

The shareholders authorised the Board of Directors to let the Company acquire
treasury shares for up to 10% of its share capital in the period until the next
annual general meeting, always provided that the Company's holding of treasury
shares may at no time exceed 10% of its share capital. The purchase price may
not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the
time of purchase. 

Immediately after the general meeting, the Board of Directors elected Lars
Vinge Frederiksen as Chairman and Lars Frederiksen as Deputy Chairman of the
Board of Directors. 

Matas A/S

Lars Vinge Frederiksen

Chairman of the Board of Directors

For further information:

  Press and Media: 

Søren Mølbak                                                                   
 Henrik Engberg Johannsen 

Head of Investor Relations                                                 Head
of Information and Environment 

Phone: +45 48 16 55 48                                                    
Phone: +45 21 71 24 74