CREDIT AGRICOLE SA :Outcome of the Special Meeting of Crédit Agricole S.A.
04 Avril 2018 - 5:21PM
Outcome of the Special
Meeting
of Crédit Agricole S.A.
On
Wednesday 4 April 2018, Crédit Agricole S.A. held a
Special Meeting at its registered office in Montrouge, to the south
of Paris. This meeting was comprised of holders of loyalty shares,
namely holders of shares of Crédit Agricole S.A. that have been
held in registered form for at least two years as of
31 December 2017 and that remained in registered form as
of 29 March 2018, as well as holders of units of the FCPE
"Crédit Agricole Classique".
With a quorum of 62.3% and more
than 2/3 of votes in favour, the Special Meeting approved the
resolutions proposed by the Board of Directors, namely:
-
The amendment of Article 31 of the articles
of association to provide for the conditions under which the
loyalty dividend bonus clause may be removed. This removal is a
requirement of the European Central Bank, which has taken the
position that the payment of a loyalty dividend constitutes a
"preferential distribution".
-
The compensation offered to eligible
shareholders, proposed by the Board of Directors on the basis of an
independent expert report, i.e., the allocation of one new ordinary
share, free of consideration, for twenty-six eligible registered
shares.
The Special Meeting's approval
represents a first step. At the Extraordinary General Meeting of
16 May 2018, the shareholders must confirm the result of
the vote taken at such Special Meeting in order to definitively
authorise the removal of the loyalty dividend and the payment of
the compensation.
Crédit
Agricole Press Contacts
Charlotte de
Chavagnac +
33 (0)1 57 72 11 17
charlotte.dechavagnac@credit-agricole-sa.fr
Olivier
Tassain
+
33 (0)1 43 23 25 41
olivier.tassain@credit-agricole-sa.fr
Find all our press releases at: www.credit-agricole.com -
www.creditagricole.info
Individual shareholders contacts
Toll-free number (from France):
0 800 000 777
credit-agricole-sa@relations-actionnaires.com
Investor relations contacts
+ 33 (0)1 43 23 04 31
Investor.relations@credit-agricole-sa.fr
CP ASP 4 april ENG
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information contained therein.
Source: CREDIT AGRICOLE SA via Globenewswire
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