Catom Annual Report 2019 EN

• The salaries of the executive directors are established by the meeting of priority shareholders.

• 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

€

31-12-2019 31-12-2018

Balance as at 1 January

2,154,180 2,080,358

Allocation

0

204,790

Adjustment of present value of deferral

0

0

Realisation of revaluation of tangible fixed assets

-283,500 -130,968

Other

0

-2

Balance as at 31 December

1,870,680 2,154,180

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

89