Annual General Meeting

The Annual General Meeting (AGM) is Indutrade's supreme governing body. The AGM is held within six months after the end of each financial year.

At the AGM, the income statement and balance sheet are adopted, the dividend is set, the Board and auditors (where applicable) are elected, their fees are determined, other items of legally ordained business are conducted, and decisions are made on proposals submitted by the Board and shareholders.

All shareholders who are registered in the shareholder register on a specified record date and who have notified the Company in due time of their intention to participate at the general meeting are entitled to attend the meeting and vote for the total number of shares they have. Shareholders can be represented by proxy.

Extraordinary General Meeting 3 December 2020

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An Extraordinary General Meeting of Indutrade was held on 3 December 2020. In accordance with the Board of Directors' proposal, the EGM resolved to amend the articles of association and on a bonus issue with the issuance of new shares.

The record date for the bonus issue was 18 December 2020. As each existing share entitled to two new shares, the bonus issue has not resulted
in any change in the relationship between the shareholders. After the bonus issue, the number of shares was tripled and, consequently, the price per share decrease to approximately one third.