24 April 2008 02:00

The Annual General Meeting of Shareholders of Koninklijke Vopak N.V. (Royal Vopak) held on 24 April 2008 passed the following resolutions:

  • Adoption of the financial statements for the 2007 financial year.
  • Approval of the proposed dividend. A dividend of EUR 0.95 per ordinary share will be distributed wholly in cash on 2 May 2008. As from 28 April 2008, the shares of Vopak will be listed ex-dividend on Euronext Amsterdam.
  • Endorsement of the Executive Board’s conduct of the company’s affairs and the Supervisory Board’s supervision thereof during the 2007 financial year.
  • Approval of the proposed amendments to the remuneration policy for members of the Executive Board. They concern changes to the short-term variable remuneration and the maximum bonus opportunity of the Chairman of the Executive Board. The approved amendment to the variable remuneration components applying to all Executive Board members also assumes that the company’s financial performance is based on the results excluding exceptional items, instead of including exceptional items. 
  • Reappointment of Mr J.P.H. Broeders as a member and Chairman of the Executive Board.
  • Reappointment of Mr F.J.G.M. Cremers and Mr M. van der Vorm as members of the Supervisory Board; Mr van der Vorm continues to be the Vice-chairman.
  • Designation of the Executive Board as the competent body to acquire, for valuable consideration, fully paid-up ordinary shares in the company for a period of 18 months.
  • Reappointment of PricewaterhouseCoopers Accountants N.V. as the external auditor of the company and their engagement to examine the company’s financial statements for the 2008 financial year.

At the end of the meeting, Mr J.D. Bax retired as Chairman and member of the Supervisory Board. The company is extremely grateful to him for the deserving way in which he has supervised the strategic change process and the development of the company’s growth strategy since 2002. Mr A. van Rossum has been appointed by the Supervisory Board as his successor. 

Profile
Royal Vopak is the world’s largest independent tank terminal operator specialising in the storage and handling of liquid and gaseous chemical and oil products. On request, Vopak can provide complementary logistics services for customers at its terminals. Vopak operates 75 terminals with a storage capacity of more than 22 million cbm in 30 countries. The terminals are strategically located for users and the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.