Agenda item 5 proposed to adopt a formal remuneration policy for the members of the Supervisory Board. This proposal is linked to the intended listing at Euronext and the purpose of the proposed new remuneration policy is (i) to have a remuneration policy in place that is, to the extent relevant, aligned with the mandatory statutory requirements for the remuneration policy of a listed company and (ii) to be transparent about the proposed remuneration structure of the members of the Supervisory Board going forward. 

In follow up to proposing the new remuneration policy, Triodos Bank engaged in a dialogue with stakeholders as part of the preparation of the new remuneration policy of the Supervisory Board. Since the publication of the convocation of the EGM on 18 September 2024, investors have expressed concerns regarding the proposed amendment of the policy. Considering these concerns, the Supervisory Board has decided to withdraw agenda item 5 from the agenda of the EGM. The Supervisory Board will further engage with Depository Receipts Holders on this matter in the future.

The withdrawal of agenda item 5 does not affect the proxy form, nor any proxy votes already submitted in respect of the remaining resolutions to be proposed at the EGM.