Fastned looks for female Supervisory Board member and will organize an extra meeting for Depository Receipt holders

Amsterdam, 20 December 2019.

Fastned is taking a step towards more diversity in its Supervisory Board. In a joint meeting with the board of the Fastned Administration Foundation (FAST, the only shareholder of Fastned BV), and the Supervisory Board (SB) of Fastned BV on 19 December 2019, it was decided that the Supervisory Board will immediately start looking for a female Supervisory Board member. Supervisory Board member Hans Streng will step down upon appointment of the new Supervisory Board member, so that the Supervisory Board will continue to consist of three people.

In addition, it was decided to convene an additional Meeting of Depositary Receipt Holders on February 3, 2020. The agenda item concerns the authorization of the Board of Directors of Fastned for a period of 18 months, to limit or exclude the pre-emptive rights when issuing new depositary receipts of shares up to a maximum of 20% of the current number of outstanding depositary receipts of shares, subject to the approval of the Supervisory Board. If the Meeting of depositary receipt Holders agrees with this proposal, this gives the Board of Directors of Fastned limited authority to partially finance its growth strategy in the 18 months following the Meeting of depositary receipt Holders with the issuance of new depositary receipts for shares. This requested authorization from the Meeting of Depositary Receipt Holders is related to a decision by the General Meeting of Shareholders to designate the Board of Directors of Fastned as the authorized body, after approval by the Supervisory Board, to issue the underlying shares and to limit or exclude the pre-emptive right when issuing new shares also for a period of 18 months and up to a maximum of 20% of the current number of outstanding shares.

More information about the intended Meeting of Depositary Receipt Holders is available on ir.fastnedcharging.com.

 

This press release contains information that qualifies as inside information within the meaning of Article 7 (1) of Regulation (EU) No 596/2014 (Market Abuse Regulation).

 

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You can download high resolution pictures below (by clicking on the photo). Photo credit: @Fastned.

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About Fastned

Fastned is a charging company that is building a European network of fast charging stations where fully electric vehicles can charge as fast as possible. The stations are located at high traffic locations along highways and in cities, where electric cars can add up to 200 km range in 15 minutes. Fastned's mission is to give freedom to electric drivers and accelerate the transition to sustainable mobility. As of today, Fastned has 114 stations operational in the Netherlands, Germany and the United Kingdom, and is working on expanding its fast charging network to the rest of Europe. Fastned is currently simultaneously building fast charging stations in the Netherlands, Germany and the United Kingdom, and preparing for building its first stations in other countries, with a focus on Belgium, Switzerland and France. Fastned is listed on Euronext Amsterdam. More information: fastnedcharging.com.