Today, FirstFarms A/S held its annual general meeting which resulted in the
following:
1. The report on the company's activities was taken into cognizance.
2. The audited annual report 2010 was approved and decharge was given to the
Board of Directors.
3. The result of the year of DKK 5.0 million for FirstFarms A/S was carried
forward to next year.
4. The general meeting re-elected Henrik Hougaard, Lars Thomassen, Kjeld
Iversen and Jens Møller. Peder Mouritsen was elected as new member of the
company's Board of Directors.
5. KPMG Statsautoriseret Revisionspartnerselskab was re-elected as the
company's auditor.
6a. The general meeting adopted the Board of Directors proposals of:
i. Renewing the present authorisation to the Board of Directors
to issue warrants, so the remaining part for warrants with right to subscribe up
to DKK 100,000.00 shares is given for a new period of 5 years. The Articles of
Associations' item 5.1 is added the following wording: "The authorisation is,
for the matter of issuing warrants with right to subscribe up to DKK 100,000.00
shares in the company, prolonged until 28 April 2016".
ii. Renewing the present authorisation to the Board of Directors
to issue warrants, so this authorisation for warrants with right to subscribe up
to DKK 500,000.00 shares is given for a new period of 5 years. In the Articles
of Associations' item 5.2, the date is hereafter changed from "31 August 2011"
to "28 April 2016".
iii. Renewing the present authorisation to the Board of Directors
to issue warrants, so this authorisation for DKK 15,000,000.00 shares is given
for a new period of 5 years. In the Articles of Associations' item 5.3, the date
is hereafter changed from "30 September 2011" to "28 April 2016".
iv. In the Articles of Associations' item 5.4 "article 5.2 and
5.3" is hereafter changed to "article 5.1, 5.2 and 5.3".
6b. The general meeting authorised the Board of Directors, in the period until
the next annual general meeting, to let the company acquire own shares.
6c. The general meeting authorised the chairman of the meeting with
substitution right to report the adopted amendments and undertake the amendments
in the adopted, which the Danish Commerce and Companies Agency, VP Securities
A/S, NASDAQ OMX Copenhagen A/S or other authorities might demand or request
carried out as condition for registration or approval.
On a board meeting held immediately after the annual general meeting the Board
of Directors constituted itself with Henrik Hougaard as Chairman.
Best regards
FirstFarms A/S
For further information:
Please visit our web sitewww.firstfarms.com or
contact CEO Per Villumsen on telephone +45 75 86 87 87.
[HUG#1510217]
