Boskalis_Annual_Report_2016

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ANNUAL REPORT 2016 – BOSKALIS
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regarding the disposal of shares acquired by the company are
taken by the Board of Management, subject to prior approval
by the Supervisory Board.
k. With the exception of the option agreement with Stichting
Continuïteit KBW concerning the placement of cumulative
protective preference shares as set out of the
financial statements, the company is not a party to any
significant agreements which take effect or are altered or
terminated upon a change of control of the company as a
result of a public offer within the meaning of Section 5:70 of
the Financial Supervision Act. The General Meeting of
Shareholders of May 9, 2001 decided to grant Stichting
Continuïteit KBW the right to acquire cumulative protective
preference shares.
l. The company has not entered into any agreements with either
members of the Board of Management or employees, which
provide for a pay-out on termination of their employment as a
result of a public offer within the meaning of Section 5:70 of
the Financial Supervision Act.