Regulatory News:
Carrefour (Paris:CA):
Dividend
Given the exceptional context of the COVID-19 pandemic,
Carrefour’s Board of Directors, at its meeting of April 20, 2020,
decided to reduce by 50% the dividend proposed for 2019, compared
to what was initially announced on February 27, 2020. Thus, the
dividend will be €0.23 per share, versus €0.46 per share initially
planned and €0.46 per share paid in 2019 for 2018.
Payment of the dividend will be proposed in cash or in new
shares, at the shareholder’s option, and will be submitted to the
approval of the Shareholders’ Meeting on May 29, 2020.
In the event the dividend is paid in new shares, such shares
will be issued at a price equal to 95% of the average of the
closing prices quoted on the regulated market of Euronext Paris,
during the 20 trading days preceding the date of the Shareholders’
Meeting, less the net amount of the dividend and rounded up to the
nearest euro cent.
Shareholders will be able to opt for a payment in cash or in
shares between June 10, 2020 and June 23, 2020 included, by
submitting a request to the financial intermediaries authorized to
pay the dividend or, for shareholders listed in the registered
share accounts held by the Company, to its authorized agent,
Société Générale.
The dividend ex-date will be June 8, 2020 and the record date
will be June 9, 2020.
For shareholders who will not opt for a payment in new shares,
the dividend will be paid in cash on June 29, 2020, at the end of
the option period. For shareholders who will opt for a payment in
new shares, the new shares will be delivered on the same date.
Shareholders’ Meeting
Given the current Covid-19 pandemic, as a precautionary step and
in accordance with the measures introduced by Ordinance no.
2020-321 of March 25, 2020 amending the rules on meetings and
deliberations of shareholders and management bodies of legal
entities and other entities, the Board of Directors has decided to
hold the Shareholders' Meeting on May 29, 2020 behind closed doors,
at the Company's head office without any physical attendance by
shareholders. The meeting will be broadcasted on the Group’s
website through the Shareholders’ Meeting webpage. Shareholders
will be able to cast their votes remotely, either by post or
electronically through the Votaccess website, according to the
rules of participation to be further detailed and published in the
coming days and which will be available for download on the
Shareholders’ Meeting webpage of the Group’s website. Shareholders
will also be able to send written questions, ahead of the
Shareholders’ Meeting, including by electronic means, using the
email address contained in the convening documentation.
Composition of the Board of Directors
In the context of the annual assessment of its procedures and of
the dialogue maintained by the Company with its shareholders, the
Board of Directors explored possible evolutions to the Company’s
governance system. As a result of these discussions, the Board of
Directors, on the recommendation of the Appointments Committee
(renamed the Governance Committee), decided to:
- reduce the size of the Board of Directors
by proposing not to appoint any new Director to replace Lan Yan and
Jean-Laurent Bonnafé, who did not wish to seek the renewal of their
terms of office, and Thierry Breton, who resigned on October 24,
2019;
- propose to the Shareholders’ Meeting of May
29, 2020, to renew the terms of office of Alexandre Arnault and
Marie-Laure Sauty de Chalon;
- appoint Philippe Houzé as Vice-Chairman of
the Board of Directors; and
- appoint Stéphane Israël, an Independent
Director, as Lead Director.
Alexandre Bompard, Chairman and Chief Executive Officer of
Carrefour Group, declared: "Lan Yan and Jean-Laurent Bonnafé have
made known that they do not wish to request the renewal of their
mandate. I would like to thank them both for their active
contribution to the Board of Directors. Lan Yan notably brought her
precious experience and knowledge of Asia during the three years
she served on the Board. Jean-Laurent Bonnafé, a member of the
Board of Directors for twelve years, played a central role in its
activities and actively contributed, through his expertise, to the
Group’s transformation."
Following the Shareholders’ Meeting and subject to the approval
of the renewals by Carrefour’s shareholders, the Board of Directors
will be composed of 14 Directors (excluding Directors representing
the employees), of which 50% will be independent members and 43%
will be women, in compliance with the AFEP-MEDEF Code’s
recommendations. Moreover, following Mathilde Lemoine’s appointment
as Chairwoman of the Remunerations Committee, two of the Board of
Directors’ committees are chaired by women.
About Carrefour Group
With a multi-format network of more than 12,000 stores in over
30 countries, Carrefour Group is one of the world's leading food
retailers. Carrefour recorded gross sales of €80.7 billion in 2019.
The Group has more than 320,000 employees who contribute to making
Carrefour the world leader in the food transition for all, offering
quality food every day, accessible everywhere and at a reasonable
price.
For more information, visit www.carrefour.com, or find us on
Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200420005638/en/
Investor Relations Selma Bekhechi, Anthony Guglielmo and
Antoine Parison Tel : +33 (0)1 64 50 79 81
Shareholder Relations Tel : 0 805 902 902 (toll-free in
France)
Group Communication Tel : +33 (0)1 58 47 88 80
Carrefour (EU:CA)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Carrefour (EU:CA)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024
