La Française de l’Energie : Combined General Meeting of December 19, 2016
20 Décembre 2016 - 8:00AM
Business Wire
APPROVAL OF RESOLUTIONS PROPOSED BY THE
BOARD OF DIRECTORS
Regulatory News:
The Annual Shareholder’s Meeting of La Française de l’Energie
was held on December 19, 2016, under the chairmanship of Julien
Moulin. The Shareholders adopted all resolutions recommended by the
Board of Directors, including:
Approval of the financial statements for the year ended June 30,
2016.Approval of the consolidated financial statements for the year
ended June 30, 2016.Allocation of income for the financial year
ended June 30, 2016.Authorization of related-party agreements
referred to in articles L.225-38 and seq. of the French commercial
code.Approval of benefits guaranteed to Julien Moulin, Executive
Chairman, in case of contract termination.Approval of remuneration
of Julien Moulin, Executive Chairman, for the year ending 30 juin
2016.Approval to grant the Board of the company the authority to
trade Company’s shares.Necessary powers granted to carry out
formalities.
The full results of the votes will be available on La Française
de l’Energie corporate website francaisedelenergie.fr in the coming
days.
The Shareholders’ Meeting was also an opportunity for Chairman
Julien Moulin to report the Group’s 2016 performance and outlook to
the shareholders’ present.
Julien Moulin confirmed the Group’s resilience despite a
difficult environment in 2016, based on the strength of its
business model, the operational excellence of its team and strong
discipline in investments and operating costs.
Finally, Julien Moulin presented the Group’s outlook. In the
current volatile economic environment, he reiterated La Française
de l’Energie strong commitment to delivering on the operational
targets set forward on its existing projects in Lorraine and
Nord-Pas de Calais. He also mentioned the evolution of his mandate
focusing his efforts on growing the business outside the French
borders and being opportunistic about securing assets in the
neighbouring countries such as Belgium or Germany to become a
leading European onshore player.
Reuters code: LFDE.PA
Bloomberg code: LFDE.FP
About La Française de l’Énergie
Awarded the young innovative status by Bpifrance since June
2013, La Française de l’Énergie is a dynamic SME headquartered in
East of France and the first gas producer in France. Specialised in
the coal bed methane and coal mine methane production, La Française
de l’Énergie produces a local high quality energy from the
significant gas resources contained in the former mining basins of
North-Eastern France. With the development of this local and
strategic energy, La Française de l’Énergie builds an economically
and ecologically competitive project with significant value added
for the local communities.
More information available on www.francaisedelenergie.fr
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