Amsterdam, 17 March 2017 (Regulated Information) — The Supervisory Board of AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) resolved during its meeting on March 17, 2017 to make the following changes to its composition.
At the Annual Meeting on May 4, 2017 in Amsterdam, the Supervisory Board will nominate for appointment by the General Meeting of Shareholders, Mrs. Suzanne Rich Folsom and Mr. Willem van Hassel as new (independent) Supervisory Board members. Mrs. Folsom is a United States citizen and currently serves as the General Counsel, Chief Compliance Officer and SVP-Government Affairs, and is a member of the Executive Team, at the United States Steel Corporation. Mr. van Hassel is a Dutch citizen, senior lawyer and Dutch corporate governance expert. Full details of the Agenda of the Annual Meeting and the CV’s of Mrs. Folsom and Mr. van Hassel can be found on AMG’s website as of March 23, 2017, when AMG will publish the Agenda of its Annual Meeting to be held on May 4, 2017 in Amsterdam.
Mr. Martin Hoyos, who has been a Supervisory Board member since 2009, and chaired the Audit Committee since 2013, has requested to step down at the end of his term in May 2017 in view of other priorities and is not available for re-appointment. The Supervisory Board wishes to thank Mr. Hoyos for his dedication and services and his leadership of the Audit Committee during the past four years, and wishes him well in his future endeavors.
Furthermore, Mr. Petteri Soininen has requested to step down after having served on the Supervisory Board since 2015. Mr. Soininen joined the Supervisory Board in 2015 as non-independent nominee of AMG’s largest shareholder, RWC European Focus Master Inc. (RWC), after RWC had entered into a Relationship Agreement with AMG. The Relationship Agreement comes to an end after the General Meeting of Shareholders on May 4, 2017 and Mr. Soininen wishes to retire as a member of the Supervisory Board on that date. The Supervisory Board wishes to thank Mr. Soininen for his dedication and services and wishes him well in his future endeavors.
During the period that Messrs. Hoyos and Soininen were members of the Supervisory Board, AMG has made important strategic decisions which have been positively reflected in AMG’s share price. The Supervisory Board is grateful for the services of Messrs. Hoyos and Soininen as members of the Supervisory Board and wishes to thank them for their valuable insights and contributions.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Senior Vice President
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.