RECOMMENDATIONS OF THE SUPERVISORY COUNCIL TO THE SHAREHOLDERS
We have received the annual accounts drawn up by the Board of Managing Directors
for the financial year 1971/1972.
These annual accounts, which are shown on pages 44 to 47 of this Report, have been
audited and found correct by the auditors, Messrs. Klynveld Kraayenhof Co.
We recommend you to adopt the accounts in question and, in accordance with the
proposal by the Board of Managing Directors, to fix the dividend at N.fl. 3.50 per
share of N.fl. 25. par value.
We also agree with the proposals by the Board of Managing Directors to increase
the issued share capital by private placement of 2,000 shares of N.fl. 25.par value
and to make a 10% share distribution from the Share Premium Account.
Article 10, paragraph 7, of the Company's Articles of Association stipulates that two
Members of the Supervisory Council shall retire annually at the General Meeting of
Shareholders. According to the rota drawn up for this purpose by the Supervisory
Council Mr. J. van den Berg and Mr. R. M. L. Hinzelin are due to retire in 1973.
Mr. Hinzelin is immediately eligible for re-election. This is not so in the case of
Mr. Van den Berg, since he has reached the age limit laid down by the Articles of
Association. His fellow Members of the Supervisory Council wish to express here
their great appreciation and gratitude for the way in which they have been able to
work together with Mr. Van den Berg as a colleague and a friend over a period of
21 years.
WITTERT VAN HOOGLAND
FENTENER VAN VLISSXNGEN
VAN DEN BERG
WIJCKERHELD BISDOM
THYSSEN-BORNEMISZA
HINZELIN
JIS KOOT
PLANTENGA
DE VRIES ROBBÉ
VAN LYNDEN VAN SANDENBURG
COELINGH
AMSTERDAM, FEBRUARY I 97 3 VAN KARNEBEEK
7
