Flow Traders Ltd · EURONEXT:FLOW
Flow Traders — Shareholder Meeting (April 2018)
96 slides from Flow Traders's shareholder meeting presentation, Apr 26, 2018
Slide 1: Annual Shareholders Meeting Flow Traders N.V.
Annual Shareholders Meeting Flow Traders N.V. 26 April 2018 Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 2: Agenda - 1
Agenda - 1 1. Opening and announcements 2. Corporate Reports a. Annual report b. Corporate Governance Code c. Management Board remuneration d. Adoption of the annual accounts (voting item) e. Dividend Policy f. Determination of dividend (voting item) 3. Discharge of Management Board members (voting
Slide 3: Agenda - 2
Agenda - 2 7. Authority to issue shares and restrict or exclude pre-emptive rights a. Authority to issue shares (voting item) b. Authority to restrict or exclude pre-emptive rights (voting item) 8. Authority to acquire own shares (voting item) 9. Auditor (voting item) 10. Any other business and clos
Slide 4: 1. Opening and announcements
1. Opening and announcements Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 4
Slide 5: 2. Corporate Reports
2. Corporate Reports A. Annual Report B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 5
Slide 6: 2. Corporate Reports
2. Corporate Reports A. Annual Report 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Am
Slide 7: Overview performance 2017
Overview performance 2017 Flow Traders continued to grow in 2017 as our ETP Value Traded grew by 7% Y-o-Y where the market ETP Value Traded declined 13% Y-o-Y 2017 Fixed Cost growth came in at +16% Y-o-Y, which is at the lower end of the guided 15-20% range. Key growth initiatives (Hong Kong office,
Slide 8: Secular ETP market trends intact and volumes slightly up towards end of 2017
Secular ETP market trends intact and volumes slightly up towards end of 2017 Global ETP Assets under Management (AuM) grew 19% in 2017 in EURO terms to almost € 4tn Net flow* trends show year end pickup in Equity ETPs in 4Q17 Number of ETP listings in 4Q17 consistent with upward secular trends 3,962
Slide 9: Financial Results 2017
Financial Results 2017 Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 9
Slide 10: FY17 fixed cost guidance at lower end 15-20% range, reiterating FY18 guidance
FY17 fixed cost guidance at lower end 15-20% range, reiterating FY18 guidance FY17 vs Consolidated (in €m) FY17 FY16 FY16 Net Trading Income 166.0 250.0 (34%) Employee expenses (fixed) 32.2 25.9 24% Technology expenses 37.3 34.8 7% Other expenses 15.2 12.2 25% Fixed operational Expenses 84.7 72.8 16
Slide 11: Capital position remains robust; final dividend proposed at € 0.35
Capital position remains robust; final dividend proposed at € 0.35 Condensed consolidated Financial Position Development of regulatory solvency ratio* Condensed Balance Sheet (In €m) 3.60 Assets 31 Dec 2017 31 Dec 2016 ∆ Y-o-Y 500 4.00 450 Trading Capital 272 343 (71) 2.42 2.27 2.19 2.14 3.00 400 2.
Slide 12: Overview Results 1Q 2018
Overview Results 1Q 2018 Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 12
Slide 13: Flow Traders’ business model confirmed in 1Q18
Flow Traders’ business model confirmed in 1Q18 Flow Traders delivers its best quarterly trading result since inception ETP market dynamics 1Q18 Flow Traders performance 1Q18 VIX spiked at the start of February 2018. Average level Best quarterly trading result (NTI) to date, with strong performance a
Slide 14: Strategy going forward
Strategy going forward Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 14
Slide 15: Our strategic focus remains on long term organic growth
Our strategic focus remains on long term organic growth: maximizing NTI while controlling costs Flow Traders will continue to focus on growing organically and maximize NTI Flow Traders will continue to grow its global presence with a strong focus on the Americas and APAC region Flow Traders will con
Slide 16: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determinati
Slide 17: Supervisory Board Report
Supervisory Board Report Supervisory Board Trading and Technology Remuneration and Risk Committee Audit Committee Committee Appointment Committee Internal Audit and External Audit Risk and Mid- HR and Legal and Technology Trading Finance and Tax Office Recruitment Compliance Management Board Amsterd
Slide 18: Supervisory Board Report
Supervisory Board Report Main topics in 2017 Corporate Governance Code Strategy Senior Management New legislation and regulation Evaluation and Governance Trading and Markets Risk Management External Auditor and Internal Audit Function Employees and Culture Amsterdam Cluj Hong Kong New York Singapor
Slide 19: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determinati
Slide 20: Flow Traders N.V. Audit Integrated Report 2017
Flow Traders N.V. Audit Integrated Report 2017 Ernst & Young Accountants LLP 26 April 2018
Slide 21: Agenda
Agenda ► Introduction 2017 audit & outcomes ► Audit approach ► Risk areas in the audit ► Communication and interaction Page 21
Slide 22: Introduction 2017 audit and outcomes
Introduction 2017 audit and outcomes ► Full scope financial statements ► Audit ► Annual report ► Compliance with legal requirements, no material misstatements ► Opinion: unqualified auditors' report ► Statutory and consolidated ► Directors’ report ► Going concern Page 22
Slide 23: Audit approach
Audit approach ► Responsibilities of the external auditor ► Organizing an experienced and knowledgeable team ► Materiality ► Scope of the audit Page 23
Slide 24: Risk areas in the audit
Risk areas in the audit ► Fair value measurement of Financial Instruments ► Estimations and assumptions in relation to the financial statements Page 24
Slide 25: Communication and interaction
Communication and interaction ► Our reports ► Meetings and interaction with the Board, Supervisory Board and Audit committee ► Communication in relation to preliminary reports ► Conclusive remarks Page 25
Slide 26: Ernst & Young Accountants LLP
Ernst & Young Accountants LLP Ernst & Young Accountants LLP is a limited liability partnership registered in England and Wales with registered number OC335594. Ernst & Young Accountants LLP has its registered office at 1 Lambeth Palace Road, London SE1 7EU, United Kingdom, its principal place of bus
Slide 27: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determinati
Slide 28: Q&A
Q&A Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 28
Slide 29: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 30: Corporate Governance Code
Corporate Governance Code By-Laws and Terms of Reference Equal Opportunity Policy (Diversity Policy) Pay ratio Long-term value creation Risk Culture Evaluations Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 30
Slide 31: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 32: General Remuneration Policy
General Remuneration Policy Key elements of our remuneration practices Aligned with the business, promoting prudent and risk-aware behavior Remuneration elements: limited fixed pay; ‘no profit, no variable pay’ Variable pay is deferred and subject to reduction or forfeiture No guaranteed remuneratio
Slide 33: Management Board Remuneration – target framework
Management Board Remuneration – target framework Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 33
Slide 34: Test question
Test question Test question: Is everybody entitled to holidays? 1. For / Yes 2. Against / No 3. Abstain / Don’t know Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 34
Slide 35: Test question
Test question Test question: Is everybody entitled to holidays? 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 35
Slide 36: Test question
Test question Test question: Is everybody entitled to holidays? 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 36
Slide 37: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 38: Agenda item 2d: Adoption of Annual Accounts
Agenda item 2d (voting item) Adoption of Annual Accounts It is proposed to adopt the annual accounts for the financial year 2017 as drawn up by the Management Board and signed by the Management Board and the Supervisory Board. Ernst & Young Accountants LLP has audited the annual accounts and has iss
Slide 39: Agenda item 2d
Agenda item 2d • Adoption of the annual accounts 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 39
Slide 40: Agenda item 2d
Agenda item 2d • Adoption of the annual accounts 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 40
Slide 41: Agenda item 2d
Agenda item 2d • Adoption of the annual accounts 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 41
Slide 42: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 43: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Corporate Governance Code C. Management Board remuneration D. Adoption of the annual accounts (voting item) E. Dividend policy F. Determination of dividend (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders |
Slide 44: Agenda item 2f: Determination of Dividend
Agenda item 2f (voting item) • Determination of Dividend It is proposed to the General Meeting that a total cash dividend of € 0.65 per share will be paid out to shareholders for the financial year 2017, subject to a 15% Dutch dividend withholding tax (dividendbelasting). An interim cash dividend of
Slide 45: Agenda item 2f
Agenda item 2f • Determination of Dividend 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 45
Slide 46: Agenda item 2f
Agenda item 2f • Determination of Dividend 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 46
Slide 47: Agenda item 2f
Agenda item 2f • Determination of Dividend 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 47
Slide 48: 3. Discharge of Management Board members
3. Discharge of Management Board members (voting item) It is proposed to discharge the members of the Management Board from liability in respect of the performance of their management duties to the extent that such performance is apparent from the annual accounts over the financial year 2017 or has
Slide 49: Agenda item 3
Agenda item 3 (voting item) • Discharge of Management Board members 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 49
Slide 50: Agenda item 3
Agenda item 3 (voting item) • Discharge of Management Board members 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 50
Slide 51: Agenda item 3
Agenda item 3 (voting item) • Discharge of Management Board members 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 51
Slide 52: 4. Discharge of Supervisory Board members
4. Discharge of Supervisory Board members (voting item) It is proposed to discharge the members of the Supervisory Board from liability in respect of the performance of their supervisory duties to the extent that such performance is apparent from the annual accounts over the financial year 2017 or h
Slide 53: Agenda item 4
Agenda item 4 (voting item) • Discharge of Supervisory Board members 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 53
Slide 54: Agenda item 4
Agenda item 4 (voting item) • Discharge of Supervisory Board members 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 54
Slide 55: Agenda item 4
Agenda item 4 (voting item) • Discharge of Supervisory Board members 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 55
Slide 56: 5. Composition Management Board
5. Composition Management Board (voting item) A. Proposed appointment of Folkert Joling as member of the Management Board (voting item) B. Proposed appointment of Thomas Wolff as member of the Management Board (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 56
Slide 57: Agenda item 5a: Appointment of Folkert Joling
Agenda item 5a (voting item) Proposed appointment of Folkert Joling as member of the Management Board It is proposed to appoint Folkert Joling as a Management Board Member and Chief Trading Officer (“CTrO”) of the Company following the Supervisory Board’s nomination for an initial term of four years
Slide 58: Agenda item 5a
Agenda item 5a (voting item) • Proposed appointment of Folkert Joling as member of the Management Board 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 58
Slide 59: Agenda item 5a
Agenda item 5a (voting item) • Proposed appointment of Folkert Joling as member of the Management Board 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 59
Slide 60: Agenda item 5a
Agenda item 5a (voting item) • Proposed appointment of Folkert Joling as member of the Management Board 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 60
Slide 61: Agenda item 5b: Appointment of Thomas Wolff
Agenda item 5b (voting item) Proposed appointment of Thomas Wolff as member of the Management Board It is proposed to appoint Thomas Wolff as a Management Board Member and Chief Technology Officer (“CTO”) of the Company following the Supervisory Board’s nomination for an initial term of four years s
Slide 62: Agenda item 5b
Agenda item 5b (voting item) • Proposed appointment of Thomas Wolff as member of the Management Board 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 62
Slide 63: Agenda item 5b
Agenda item 5b (voting item) • Proposed appointment of Thomas Wolff as member of the Management Board 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 63
Slide 64: Agenda item 5b
Agenda item 5b (voting item) • Proposed appointment of Thomas Wolff as member of the Management Board 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 64
Slide 65: 6. Composition Supervisory Board
6. Composition Supervisory Board (voting item) A. Proposed reappointment of Han Sikkens as member of the Supervisory Board B. Proposed reappointment of Rudolf Ferscha as member of the Supervisory Board C. Proposed reappointment of Jan van Kuijk as member of the Supervisory Board Amsterdam Cluj Hong
Slide 66: Agenda item 6a: Reappointment of Han Sikkens
Agenda item 6a (voting item) Proposed reappointment of Han Sikkens as member of the Supervisory Board In accordance with the Articles of Association of the Company, the Supervisory Board proposes to reappoint Han Sikkens as member of the Supervisory Board with effect from 26 April 2018 for the perio
Slide 67: Agenda item 6a
Agenda item 6a (voting item) • Proposed reappointment of Han Sikkens as member of the Supervisory Board 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 67
Slide 68: Agenda item 6a
Agenda item 6a (voting item) • Proposed reappointment of Han Sikkens as member of the Supervisory Board 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 68
Slide 69: Agenda item 6a
Agenda item 6a (voting item) • Proposed reappointment of Han Sikkens as member of the Supervisory Board 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 69
Slide 70: Agenda item 6b: Reappointment of Rudolf Ferscha
Agenda item 6b (voting item) Proposed reappointment of Rudolf Ferscha as member of the Supervisory Board In accordance with the Articles of Association of the Company, the Supervisory Board proposes to reappoint Rudolf Ferscha as member of the Supervisory Board with effect from 26 April 2018 for the
Slide 71: Agenda item 6b
Agenda item 6b (voting item) • Proposed reappointment of Rudolf Ferscha as member of the Supervisory Board 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 71
Slide 72: Agenda item 6b
Agenda item 6b (voting item) • Proposed reappointment of Rudolf Ferscha as member of the Supervisory Board 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 72
Slide 73: Agenda item 6b
Agenda item 6b (voting item) • Proposed reappointment of Rudolf Ferscha as member of the Supervisory Board 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 73
Slide 74: Agenda item 6c: Reappointment of Jan van Kuijk
Agenda item 6c (voting item) Proposed reappointment of Jan van Kuijk as member of the Supervisory Board In accordance with the Articles of Association of the Company, the Supervisory Board proposes to reappoint Jan van Kuijk as member of the Supervisory Board with effect from 26 April 2018 for the p
Slide 75: Agenda item 6c
Agenda item 6c (voting item) • Proposed reappointment of Jan van Kuijk as member of the Supervisory Board 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 75
Slide 76: Agenda item 6c
Agenda item 6c (voting item) • Proposed reappointment of Jan van Kuijk as member of the Supervisory Board 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 76
Slide 77: Agenda item 6c
Agenda item 6c (voting item) • Proposed reappointment of Jan van Kuijk as member of the Supervisory Board 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 77
Slide 78: 7. Authority to issue shares and restrict or exclude pre-emptive rights
7. Authority to issue shares and restrict or exclude pre-emptive rights A. Authority to issue shares (voting item) B. Authority to restrict or exclude pre-emptive rights (voting item) Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 78
Slide 79: Agenda item 7a: Authority to issue shares
Agenda item 7a (voting item) Authority to issue shares It is proposed to renew the authority of the Management Board, subject to the Supervisory Board’s approval, to issue ordinary shares or to grant rights to subscribe for ordinary shares for a period of 18 months from the date of this General Meet
Slide 80: Agenda item 7a
Agenda item 7a (voting item) • Authority to issue shares 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 80
Slide 81: Agenda item 7a
Agenda item 7a (voting item) • Authority to issue shares 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 81
Slide 82: Agenda item 7a
Agenda item 7a (voting item) • Authority to issue shares 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 82
Slide 83: Agenda item 7b: Authority to restrict or exclude pre-emptive rights
Agenda item 7b (voting item) Authority to restrict or exclude pre-emptive rights It is proposed to renew the authority of the Management Board, subject to the Supervisory Board’s approval, to restrict or exclude applicable pre-emptive rights when issuing ordinary shares or granting rights to subscri
Slide 84: Agenda item 7b
Agenda item 7b (voting item) • Authority to restrict or exclude pre-emptive rights 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 84
Slide 85: Agenda item 7b
Agenda item 7b (voting item) • Authority to restrict or exclude pre-emptive rights 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 85
Slide 86: Agenda item 7b
Agenda item 7b (voting item) • Authority to restrict or exclude pre-emptive rights 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 86
Slide 87: 8. Authority to acquire own shares
8. Authority to acquire own shares (voting item) Authority to acquire own shares It is proposed to renew the authority of the Management Board, subject to the Supervisory Board’s approval, to acquire shares in the capital of the Company, either through purchase on a stock exchange or otherwise. The
Slide 88: Agenda item 8
Agenda item 8 (voting item) • Authority to acquire own shares 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 88
Slide 89: Agenda item 8
Agenda item 8 (voting item) • Authority to acquire own shares 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 89
Slide 90: Agenda item 8
Agenda item 8 (voting item) • Authority to acquire own shares 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 90
Slide 91: 9. Auditor (voting item)
9. Auditor (voting item) • Auditor (voting item) In accordance with the recommendations of the Audit Committee, the Supervisory Board proposes to reappoint Ernst & Young Accountants LLP as external auditor of the Company for the current financial year Amsterdam Cluj Hong Kong New York Singapore Flow
Slide 92: Agenda item 9
Agenda item 9 (voting item) • Auditor 1. For 2. Against 3. Abstain Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 92
Slide 93: Agenda item 9
Agenda item 9 (voting item) • Auditor 1. For 2. Against 3. Abstain You may vote now Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 93
Slide 94: Agenda item 9
Agenda item 9 (voting item) • Auditor 1. For 2. Against 3. Abstain Voting is closed Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 94
Slide 95: 10. Any other business and closing
10. Any other business and closing Amsterdam Cluj Hong Kong New York Singapore Flow Traders | AGM 2018 95
Slide 96: Thank you!
If you leave the AGM would you be so kind to return your chipcard and keypad Thank you! Amsterdam Cluj HongFlow Kong Traders New | York Singapore