Annual General Meeting

The Annual General Meeting is Bakkafrost’s highest governing and decision-making body. It is the shareholders’ opportunity to exert influence on company matters by making statements, asking questions and voting. In fact, Bakkafrost urges all shareholders to attend the Annual General Meeting and to exercise their right to vote, either in person or by proxy.

In accordance with the company's Articles of Association, the Annual General Meeting must be held by the end of May each year.

General Meetings shall be convened with a deadline of no shorter than three weeks and no longer than five weeks.

The Board of Directors shall convene the General Meeting by announcing it with advertisements in one or more of the major Faroese newspapers.

The agenda and the time and place of the General Meeting shall be stated in the announcement. If proposals requiring a qualified majority in order to be adopted are to be discussed by the General Meeting, these shall also appear in the announcement.

Each individual shareholder is entitled to submit proposals for discussion by the General Meeting but the relevant shareholder must send the proposal in writing to the Board of Directors no later than six weeks prior to the relevant General Meeting being called.

An Extraordinary General Meeting shall be held if so decided by the General Meeting, the Board of Directors or the Company's accountant, or if five percent of the shareholders of the company so require. A request from the shareholders of the company for an Extraordinary General Meeting shall be sent in writing to the Board of Directors of the Company. The written request shall outline the issues that the shareholders wish to be discussed by the General Meeting. The Board of Directors shall convene the Extraordinary General Meeting no later than 14 days after receiving the request.