Fastned B.V. is a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands and with its statutory seat (statutaire zetel) in Amsterdam. Fastned has a corporate governance structure that reflects and protects its mission and meets all relevant legal obligations.

1) Fastned Administratie Stichting (FAST)

Fastned’s mission is to provide freedom to BEV drivers and accelerate the transition to sustainable transportation. To safeguard this mission, all shares in the capital of Fastned B.V. are held by FAST, which in turn issued depositary receipts for these shares to investors. Depository receipt holders own the right to appoint the 3 members of the board of the foundation. The board members are independent and appointed for a period of four years.

2) Depository Receipts (DRs)

DRs embody the economic aspects of the shares of Fastned and are traded on the Euronext Exchange. FAST exercises the voting rights attached to the Fastned shares. The main tasks and purpose of FAST is (i) to make sure that Fastned is working towards its mission, (ii) to monitor the continuity of the Company, and (iii) to safeguard the interests of the holders of depository receipts (DR Holders). These three tasks – in that order – form the guiding principles of the board of FAST.

3) DR Holders

DR Holders have the right to attend the General Meetings and to speak at such meetings. They also have the right to appoint the members of the board of FAST upon nomination by the board of FAST. Additionally, the Fast Board may ask the DR Holders for their views regarding the items on the agenda of the General Meeting. The governance structure of Fastned is designed with the aim of protecting the interest of all DR Holders equally.

* Based on the number of shares outstanding as of 26 May 2023. Bart Lubbers and Michiel Langezaal are sole shareholder and managing director of Wilhelmina-Dok and Carraig Aonair Holding respectively.