Amsterdam, 27 March 2024 — AMG Critical Materials N.V. (« AMG », EURONEXT AMSTERDAM: « AMG ») has published its Agenda and Explanatory Notes for the 2024 Annual General Meeting (“AGM”) which will take place on May 8, 2024 at the Hilton Hotel in Amsterdam.
The Agenda carries, amongst other items, the appointment of a new Management Board member. The Supervisory Board has resolved to expand the Management Board to four members, nominating Mr. Michael Connor to the Management Board as Chief Corporate Development Officer, for a term of four (4) years. This additional appointment is necessary due to the company’s current strategic project intensity, with the goal of ensuring effective capital allocation on a global level.
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO commented “I am pleased to congratulate Michael on his nomination to the Management Board. I have worked closely with him since he joined the Company in 2010 and have seen firsthand his important contributions to AMG’s success. Michael’s extensive strategic, financial, and operational knowledge, as well as his leadership and management skills, will be invaluable assets to the Board. This updated Management Board complements the new corporate structure exceptionally well and helps ensure the Company will maintain its sound leadership into the future.”
The Agenda furthermore carries the reappointment of Mr. Jackson Dunckel (CFO) as a member of the Management Board for a term of four (4) years, and reappointment of Dr. Donatella Ceccarelli as a member of the Supervisory Board for a term of two (2) years. Given the rotation schedule of the Supervisory Board and the retirement of Professor Hanke and Mr. Depp in 2025, the Supervisory Board has resolved, in order to prepare for an orderly transition, to expand its resources in 2024 to create a Board with seven (7) members at the AGM in May 2024. The Supervisory Board is very pleased that Ms. Dagmar Bottenbruch is prepared to rejoin AMG’s Supervisory Board as an independent member, and to secure continuity given her past experience and successful track record as a Supervisory Board member and member of the Remuneration Committee until 2023. The Supervisory Board will therefore nominate Ms. Bottenbruch for appointment at the AGM on May 8, 2024 as an independent member of the Supervisory Board for a term of four (4) years.
Shareholders will have the option to exercise voting rights by providing voting instructions prior to the AGM in accordance with the (proxy) voting procedures.
The Agenda and Explanatory Notes, including instructions for shareholders to attend the meeting and/or to exercise their voting rights, are available to investors and other interested parties via the AMG website (www.amg-nv.com).
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG’s Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG’s Vanadium segment is the world’s market leader in recycling vanadium from oil refining residues, spanning the Company’s vanadium, titanium, and chrome businesses. AMG’s Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company’s fast-growing LIVA batteries, and spans AMG’s mineral processing operations in graphite, antimony, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan (www.amg-nv.com).
For further information, please contact:
AMG Critical Materials N.V. +1 610 975 4979
Michele Fischer
mfischer@amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are “forward looking”. Forward looking statements include statements concerning AMG’s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG’s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG’s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. These forward looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.
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