NIEUWEGEIN, the Netherlands,
November 14, 2014 /PRNewswire/ --
The Extraordinary General Meeting of Shareholders of Ballast
Nedam N.V. was held on 14 November
2014. On the agenda were two voting items: a proposal to
split the roles of Company Secretary and secretary to the
Supervisory Board and the proposal to nominate Mr J.S.T. Tiemstra for appointment as member of the
Supervisory Board.
The general meeting of shareholders adopted the proposal of the
Board of Management to amend the Articles of Association, relating
to the split of the roles of Company Secretary and secretary to the
Supervisory Board. This split highlights the different roles of the
Board of Management and the Supervisory Board and prevents any
semblance of undesired exchange of information.
The general meeting of shareholders adopted the proposal of the
Supervisory Board to appoint Mr J.S.T.
(Tjalling) Tiemstra as member of the Supervisory Board. Mr
Tiemstra was appointed as from 14 November
2014 for a period until after the first Annual General
Meeting of Shareholders to be held after four years have lapsed
since his appointment.
After the appointment of Mr Tiemstra, Mr A.N.A.M. Smits has resigned from the Supervisory
Board. The Board of Management and the Supervisory Board fully
understand his decision, announced in June, to stand down and
express their gratitude for his years of commitment and dedication.
Mr Smits was appointed to the Supervisory Board in September 2004 and acted as Chairman from
May 2006 until June 2014.
Ballast Nedam has also informed the general meeting of
shareholders of its intention to decide to abolish the Ballast
Nedam Administration Office (Stichting Administratiekantoor van
aandelen Ballast Nedam).
A statement of the voting results will be published within 15
days on our website http://www.ballast-nedam.nl.
Ballast Nedam targets its strategic focus at successfully
acquiring and carrying out integrated projects in the working areas
of housing, mobility, energy and nature in the Netherlands and internationally. We will
expand related activities in niche markets and work on projects
where we can make a difference for the client with our expert
knowledge and skills. Ballast Nedam applies a differentiated market
approach for its three divisions.
With further industrialization of the building process through
the use of innovative modular concepts and standardization Ballast
Nedam creates enduring quality at the lowest possible life cycle
costs for its clients and society. The Ballast Nedam share is
included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.
http://www.ballast-nedam.com
PRN NLD