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Ticker: ZENT
Zenitel is registered on the Euronext Stock Exchange.
Financial Calendar
12/02/2021 : Press release Results 2020 (8.00 AM)
19/03/2021 : Publication Annual report 2020 (8.00 AM)
28/04/2021 : Annual General Shareholders’ Meeting (11.00 AM)
12/08/2021 : Press release Half-Year Results 2021 (8.00 AM)
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Board of Directors
Zenitel is governed and represented by its Board of Directors. The Board of Directors has delegated the day-to-day management of the company to the Executive Team that is composed of Koen Claerbout (CEO) and Mark Küpers (CFO). Koen Claerbout is also the Managing Director of Zenitel. The Company Secretary of Zenitel is Charlotte Callens.
Dependent directors
- Yves De Backer BV (represented by Yves De Backer)
- Equity @ Work BV (represented by Hans Swinnen)
- K-CL BV (represented by Koen Claerbout, Managing Director)
Independent directors
- Blanco Blad BV (represented by Jo Van Gorp), Chairman
- Wenche Holen
- Liesbet Van der Perre
- Cascade Dynamics BV (represented by Gail Smith)
Audit Committee
The responsibility of the Audit Committee assists the Board of Directors in fulfilling its overall responsibilities. The Audit Committee reviews the financial reporting process, the system of internal control and management of financial risks, the audit process, and the Company’s process for monitoring compliance with laws and regulations and its own code of business conduct.
In performing its duties, the committee maintains effective working relationships with the Board of Directors, CEO, senior management, and the internal and external auditors. To perform his or her role effectively, each committee member obtains an understanding of the detailed responsibilities of committee membership as well as the Company’s business, operations and risks.
Members
- Yves De Backer BV (represented by Yves De Backer), Chairman
- Blanco Blad BV (represented by Jo Van Gorp)
- Wenche Holen
- Cascade Dynamics BV (represented by Gail Smith)
Taking into account the relatively small size of the Company, the Board of Directors decided to install one single Nomination and Remuneration Committee, instead of two separate committees.
The Nomination and Remuneration Committee
The Nomination and Remuneration Committee ensures that the procedure for appointing and reappointing directors, committee members, the CEO, and senior managers of Zenitel and its country offices is also as objective as possible. The committee ensures that the remuneration policy applied, in this respect, is as objective as possible.
Members
- Yves De Backer BV (represented by Yves De Backer), Chairman
- Wenche Holen
- Cascade Dynamics BV (represented by Gail Smith)
The Board of Directors, from the left: Hans Swinnen, Gail Smith, Koen Claerbout, Liesbet Van der Perre, Jo Van Gorp, Wenche Holen,and Yves De Backer.
Statutory Auditor
The statutory auditor of ZENITEL NV is EY Bedrijfsrevisoren BV, De Kleetlaan 2, 1831 Diegem, represented by Mr. Marnix Van Dooren. Ernst & &Young Bedrijfsrevisoren was appointed for a period of three years at the general shareholders’ meeting of 29 April 2019.
Corporate Governance
As a public quoted company, Zenitel attaches a great deal of importance to ensuring that its Corporate Governance system is accessible and comprehensible. Zenitel understands that good Corporate Governance helps build value and trustworthiness, open interaction and cooperation among all; the shareholders, the Board of Directors and Executive Team, as well as the company employees, customers, suppliers, creditors, public authorities and the general public. In this context, Zenitel realizes that the long-term trust of all these respective parties is a key element in its positive development.
Zenitel continuously seeks to optimize the management, administration and control of its operations and adheres to the Belgian Code for Corporate Governance issued on 12 March 2009. The Belgian Corporate Governance Code 2009 is available at the following website: www.corporategovernancecommittee.be. No other corporate governance practices are applied by Zenitel NV. Zenitel’s board of directors has in February 2018 adopted a new corporate governance charter further aligning and updating its corporate governance structures with the changes introduced by the Belgian Code for Corporate Governance and the recent changes in the Belgian Company Code regarding corporate governance.
Regular, open and transparent communication is considered a key facet of the Zenitel corporate culture, internally within the company and externally too. This transparency shows in how Zenitel is organized, functions and how decision making takes place within the Board of Directors and the Core Team.
Corporate Governance Charter
DownloadShare Information
Zenitel is registered on the Euronext Stock Exchange. Euronext is Europe’s leading cross-border exchange, making international trading cheaper and easier.
All shares have the same rights and obligations. There are no different kinds of shares. There are no warrants outstanding and there is no stock option plan for employees applicable. Zenitel NV has not issued any non-voting shares.
Financial Services
KBC Bank
Shareholder Structure
Based upon the latest information available after the reverse stock split of 10 May 2017, the major shareholders of Zenitel NV are:
| Shareholders | Shares | % of total |
| 3D NV* | 0 | 0% |
| House of Thor BV | 2,081,006 | 62.85% |
| De Wilg CommV* | 400,000 | 12.08% |
| Freefloat | 829,878 | 25.06% |
| Total | 3,310,884 | 100.00 % |
|
* Acting in concert |
In accordance with Article 2 of the Act of 2 May 2007 on the publication of important participations in issuers whereof shares are admitted for trading on a regulated market, 3D NV and De Wilg CommV did a transparency notification in 2014.
In accordance with Article 2 of the Act of 2 May 2007 on the publication of important participations in issuers whereof shares are admitted for trading on a regulated market, 3D NV and QuaeroQ NV did a transparency notification on 4 February 2021. There has not been a threshold crossing since this latest transparency notification on 4 February 2021.
On 8 April 2021, Zenitel received the attached transparency notification dated 1 April 2021 in accordance with Article 2 of the Act of 2 May 2007 on the publication of important participations in issuers whereof shares are admitted for trading on a regulated market. Zenitel has not been notified of any other threshold crossing since this latest transparency notification dated 1 April 2021.
Transparency notifications to Zenitel NV should be sent to:
Zenitel NV
Att. Charlotte Callens
Z.1 Research Park 110
1731 Zellik
Belgium
Email: charlotte.callens[at]zenitel[dot]com
There are no outstanding warrants.