Catom Annual Report 2020 EN

• The meeting of priority shareholders is authorised to subject to its approval, by means of a resolution to that effect, clearly described decisions by the Executive Board or by an individual director. • Resolutions to enter into a merger as per Section 2:209 of the Dutch Civil Code, to amend the articles of association or to dissolve the company may only be taken by the general meeting of shareholders pursuant to a motion by the meeting of priority shareholders. • The rights of the priority shareholders pursuant to the articles of association cannot be adjusted by means of an amendment of the articles of association unless the motion to that effect has been submitted by the meeting of priority shareholders.

26. Revaluation reserves

€

31-12-2020 31-12-2019

Balance as at 1 January

1,870,680

2,154,180

Allocation

0

0

Adjustment of present value of deferral

0

0

Realisation of revaluation of tangible fixed assets

-162,784

-283,500

Other

0

0

Balance as at 31 December

1,707,896

1,870,680

The revaluation relates to land, buildings, vehicles, machinery and equipment of Oliecentrale Nederland B.V. and OK Marine B.V.

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