Summary of business conducted at the Annual General Meeting of North Media A/S on 25 March 2022

Announcement no. 14-2022 25 March 2022 The annual general meeting was conducted in accordance with the announced agenda.The management commentary was presented and the annual report for 2021 was adopted.The management commentary highlighted among other things the following about 2021: The company had improved its operating profit (EBIT) for the fifth consecutive year.Operating profit (EBIT) increased by 2% to DKK 244m.Revenue amounted to DKK 1,034m, equal to 99% of the 2020 revenue...

Søborg, 25/03/2022 (informazione.news - comunicati stampa - editoria e media)

Announcement no. 14-2022
25 March 2022

The annual general meeting was conducted in accordance with the announced agenda.

The management commentary was presented and the annual report for 2021 was adopted.

The management commentary highlighted among other things the following about 2021:

The management commentary noted among other things the following about the guidance for 2022:

The shareholders voted to adopt the Board's recommendation for a dividend of DKK 5 per share in respect of the 2021 financial year.

The Board of Directors' ambition is, provided the growth and earnings targets are achieved, to propose dividends of DKK 5 per share for each of the 2022, 2023 and 2024 financial years.

The shareholders approved the remuneration report presented at the general meeting.

The proposed amendments to the articles of association, mainly involving an update and clarification on electronic communication, were adopted by the shareholders.

In response to a question from shareholders about increasing dividends or share buybacks, the Board of Directors stated that the company wishes to maintain its current policy. The company prefers to maintain strong financial resources and to place the funds in equities as a value-protecting investment because historically that approach has yielded a better long-term returns as compared with cash being eroded by negative interest and inflation.

The following board members were re-elected: Ole Borch, Richard Bunck, Ulrik Holsted-Sandgreen, Ulrik Falkner Thagesen and Ann-Sofie Østberg Bjergby.

PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as the company's auditors as proposed by the Board of Directors.

Immediately following the general meeting, Ole Borch was elected Chairman and Richard Bunck was elected Vice-Chairman of the Board of Directors.

Additional information is available from the Chairman of the Board, Ole Borch, who can be reached on tel. +45 2518 3555.

North Media A/S

Ole Borch
Chairman of the Board of Directors

This document is an unofficial translation of the Danish original. In the event of any inconsistencies, the Danish version shall apply.