stock and shareholder information

What’s Cooking? Annual report 2022

Share quotation

On December 31, 2022, 1,821,006 shares represented Ter Beke’s share capital. The shares are quoted on the spot market (continuous market) of Euronext Brussels. As a result of the scrip dividend granted over the 2021 financial year, a total of 26,789 new shares were issued and listed on July 1, 2022.

In order to promote share liquidity, we entered into a liquidity provider agreement with Bank Degroof Petercam NV in 2020. This means that the bank acts as a counterparty should there be too few buyers or sellers. The liquidity provider also ensures that the difference narrows between the bid and ask prices - the prices at which one can buy and sell.

The shareholder structure is described in the Corporate Governance Statement (see above).

Share-related instruments

No equity-related instruments, such as stock options or warrants, are outstanding at December 31, 2022.

Dividend

With the annual payment of a dividend, Ter Beke NV wishes to offer its shareholders a market-competitive return. To the general meeting of May 25, 2023, the board of directors proposes to approve, for 2022, a gross dividend of 4 euros per share in the form of a scrip dividend.

Stock price evolution

You can check the Ter Beke share price at any time on the websites www.whatscooking.group and www.euronext.com.

Monitoring by financial analysts

Analysts at Degroof Petercam and KBC Securities tracked the Ter Beke stock in 2022.

Proposals towards the general shareholders meeting

To approve the financial statements as of December 31, 2022, and to agree with the appropriation of results. The unconsolidated result for the fiscal year is a loss of 1,941,392.17 euros.

• To distribute a gross dividend of 4 euros per share in the form of an optional dividend.

To grant discharge to the members of the board of directors and the auditor for the performance of their duties in 2022.

• To decide by separate vote on the remuneration policy.

• To decide on the remuneration report by separate vote.

To reappoint Eddy Van der Pluym as director for a period of 4 years, expiring at the general meeting of 2027.

• To nominate Johan Pauwels, as permanent representative of his management company, with address at Legevoorde 8, 9950 Lievegem, to be appointed as a director for a period of 4 years, expiring at the general meeting of 2027.

• To appoint a director to be determined at a later date as a director for a period of 4 years, expiring at the general meeting of 2027. (Name not yet known when this annual report went to press).

Director’s fees

The general meeting proposes, in accordance with the remuneration policy, to grant the following fixed annual remunerations to the directors, according to their directorship, their possible membership in the committees of the board of directors and their possible chairmanship:

Financial calendar

Extraordinary Shareholders meeting April 21 2023 at 10.30 AM

Shareholders meeting May 25 2023 at 11.00 AM

Results First semester 2023 August 25 2023

For the actual agenda and proposed resolutions, please refer to the notice of general meeting.

For the actual agenda and proposed resolutions, please refer to the notice of general meeting.