Proposals and recommendations to the AGM
FMO's Supervisory Board endorses the Report of the
Management Board. We propose that the Annual General Meeting of
Shareholders (AGM) adopt the 2010 annual accounts audited by KPMG
Accountants N.V.
In accordance with Article 6(2) of the Agreement State-FMO
of November 16, 1998, we propose that the AGM approve the
allocation of €119.9 million (2009: €57.1 million) to the
contractual reserve. The remaining amount of €6.2 million (2009:
€3.0 million) is the distributable component of profits. We
recommend that the AGM adopt the Management Board's proposal to pay
a cash dividend of €4.66 (2009: €3.81) per share and allocate the
remaining €4.3 million to other reserves. We propose that the AGM
reappoint KPMG Accountants N.V. as external auditors. We trust the
AGM will also discharge the Management Board for its management of
FMO and the Supervisory Board for its supervision during the
reporting year.
According to plan, Willy Angenent will retire immediately after
the AGM of May 11, 2011. The Supervisory Board intends to appoint
Jean Frijns as new chairman. After the retirement of Willy
Angenent, the Supervisory Board will consist of six members once
more.