ReFuels invites its shareholders to its Extraordinary General Meeting of Shareholders

It is proposed to seek approval from the shareholders of Refuels N.V. (“Refuels”) that the period for preparing Refuels’ annual accounts (for the financial year ended on 31 March 2024) is extended by 3 months as prescribed by section 2:101 (1) of the Dutch Civil Code.

We are seeking consent for an extension following progressive discussions with Refuels’ Group auditors that more time may be needed to complete the company’s annual Group audit and to finalise the accounts. The main reason for the delay is that this is Refuels first year of consolidating group accounts following its IPO, which includes the separate component audits of the operating businesses as well as awaiting independent valuations on the several large transactions that formed the Group which require further independent valuation work to complete the audits. The Group takes this situation seriously, however feels that this is a one-off event due to the complexity of the IPO within a first year Group audit.
 
Although Refuels will seek consent for an extension of 3 months only (rather than the maximum statutory period of 5 months allowed) we expect that a much shorter period will enable Refuels’ Annual Accounts to complete their audit and Annual Report issued to the market. In the event that that the accounts can be completed by the original deadline of 31st August, the EGM will be cancelled and no extension will be sought.

Further details of the EGM are set out in the agenda, general information note and convocation for the EGM.
Such information, including information as referred to in article 2:114 paragraph 1, under a and c, Dutch Civil Code and the information required under the articles of association of ReFuels, are available for inspection by shareholders at the office and via the website (https://refuels.com/investors/) of ReFuels.