With reference to Company Announcement no. 09/2016 sent out on 10 March 2016, SimCorp’s Board of Directors have decided to withdraw the following proposed resolution 6.B. from the agenda for the Annual General Meeting to be held today 1 April 2016:
The Board of Directors proposes to amend the Company’s remuneration and incentive policy for the Company’s employees, members of the Board of Directors and the executive management board under section 139 of the Danish Companies Act. The Board of Director’s proposal for an amended remuneration and incentive policy is enclosed hereto.”
The reason for the Board of Directors to withdraw the proposal is that whilst the Board believes that there would be a simple majority represented at the Annual General Meeting to pass the resolution, the number of shareholders who by proxy have voted against the proposed resolution is of a size which in the view of the Board is not insignificant, and the Board acknowledges the decision of this group of shareholders.
The remainder of the agenda shall remain unaltered.
Copenhagen, Friday 1 April 2016 SimCorp A/S On behalf of the Board of Directors
Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000) Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 6858, +45 2811 3828)
Company Announcement no. 10/2016