KMC Properties ASA – The nomination committee's proposal to the extraordinary general meeting

04 Nov 2024 08:50 CET

Reference is made to the stock exchange announcement published on 22 October
2024 regarding the notice of the extraordinary general meeting in KMC Properties
ASA (the "Company") to be held on 12 November 2024.

As set out in the proposal included in the notice to the extraordinary general
meeting, the nomination committee has evaluated whether it should propose for
the extraordinary general meeting to amend the composition of the board and to
reduce the remuneration of the board members until the Company regains
operational business. Following the evaluations, the nomination committee has
resolved to (i) not propose any amendments of the composition of the board of
directors, and (ii) reduce the remuneration to the board of directors.

The recommendation made by the nomination committee is attached hereto. The
recommendation will also be made available on the Company's webpage www.kmcp.no.


For further information, please contact: Christian Linge, former CFO in the
Company, tel. +47 466 37 846, email: christian.linge@kmcp.no.

This information is subject to disclosure under the Norwegian Securities Act
section 5-12 and the requirements of Oslo Børs' Continuing Obligations.

More information:
Access the news on Oslo Bors NewsWeb site

631130_KMC Properties ASA - Nominasjonskomiteens innstilling (Norsk)(20492476.1).pdf
631130_KMC Properties ASA - Recommendation from the Nomination Committee (English)(20492482.1).pdf