All resolutions approved at Ontex Group’s 2022 Shareholders’ Meeting

Rhea-AI Summary

Ontex Group NV (OTC-PINK:ONXYY) held its annual general meeting (AGM) where shareholders approved all proposed resolutions. Key decisions included the reappointment of Inge Boets as an independent director and the appointment of Ebrahim Attarzadeh and Paul McNulty as new non-executive and independent directors, respectively, for four years. These appointments were recommended by the Remuneration and Nomination Committee and supported by reference and smaller shareholders. Minutes from the meeting can be found on the company’s website.

Positive

• Shareholders unanimously approved all proposed resolutions during the AGM.
• Inge Boets was reappointed as an independent director, ensuring continuity in leadership.
• New directors Ebrahim Attarzadeh and Paul McNulty were appointed, bringing fresh perspectives to the Board.

Negative

• None.

AALST-EREMBODEGEM, Belgium--(BUSINESS WIRE)-- Regulatory News:

Ontex Group NV (Euronext Brussels: ONTEX) today held its annual general meeting of shareholders (AGM). Shareholders voted in favor of all proposed resolutions.

Among the resolutions presented, the Company's shareholders approved several (re)appointments to the Board of Directors. These included the reappointment of Inge Boets BV, with Inge Boets as permanent representative, as an independent director, and the appointment of two new directors, all for a period of four years. Ebrahim Attarzadeh was appointed as a non-executive director and Paul McNulty as an independent director, in each case on the proposal of the Board acting on the recommendation of the Remuneration and Nomination Committee. Mr. Attarzadeh had been proposed for nomination by ENA Investment Capital LLC, one of the Company's reference shareholders. Mr. McNulty was proposed for nomination by Veraison SICAV - Engagement Fund, one of the Company's smaller shareholders.

Minutes of the annual shareholders’ meeting can be found on the Company’s website at: https://ontex.com/agm-shareholder-information/

About Ontex

Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex’s innovative products are distributed in more than 110 countries through leading retailer brands, lifestyle brands and Ontex brands. Employing some 9,000 people all over the world, Ontex has a presence in 21 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid®. To keep up with the latest news, visit ontex.com or follow Ontex on LinkedIn, Facebook, Instagram and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005930/en/

Investors

Geoffroy Raskin

+32 53 33 37 30

investor.relations@ontexglobal.com

Media

Caroline De Wolf

+32 478 93 43 93

caroline.dewolf@ontexglobal.com

Source: Ontex Group NV

FAQ

What resolutions were approved at Ontex Group's AGM?

All proposed resolutions were approved, including director appointments.

Who were reappointed and appointed to the Board of Directors of Ontex Group?

Inge Boets was reappointed as an independent director, while Ebrahim Attarzadeh and Paul McNulty were appointed as new directors.

What is the significance of the new appointments at Ontex Group?

The new appointments may enhance the governance and strategic direction of Ontex Group.

Where can I find the minutes of Ontex Group's AGM?

Minutes from the AGM can be found on Ontex Group's official website.

What is the duration of the new director appointments at Ontex Group?

The new directors were appointed for a period of four years.