Valeo's 2019 Annual Shareholders' Meeting - Press Release
23 Mai 2019 - 06:02PM
Valeo's 2019 Annual Shareholders' Meeting - Press Release
Valeo's 2019 Annual Shareholders'
Meeting
Paris, May 23, 2019 - Valeo's
Annual Shareholders' Meeting was held today under the chairmanship
of Jacques Aschenbroich, Chairman and Chief Executive Officer. All
of the resolutions put to the meeting were adopted.
During the meeting, shareholders approved the
2018 financial statements published on February 21, 2019 as well as
a dividend of 1.25 euro per share, unchanged from the previous
year, and corresponding to a payout ratio of 54%. The ex-dividend
date is set at May 30, 2019, and the record date at May 31, 2019.
The dividend will be paid on June 3, 2019.
The shareholders reappointed Jacques
Aschenbroich and appointed Olivier Piou and Patrick Sayer as
directors for four-year terms to replace Pascal Colombani and
Michel de Fabiani whose terms of office had expired and who had not
sought reappointment. The Chairman and Chief Executive Officer,
speaking on his own behalf and that of all the members of the Board
of Directors, sincerely thanked them for their active and fruitful
participation in the work of the Board of Directors and its
committees, particularly Pascal Colombani who contributed to the
spectacular growth of Valeo as Chairman of the Board of Directors
for 7 years from 2009 to 2016.
Shareholders adopted the resolutions relating to
the compensation paid to Valeo's Chairman and Chief Executive
Officer for 2018 and to the compensation policy applicable to him
for 2019.
Shareholders also renewed the authorizations and
financial delegations granted to the Board of Directors to carry
out share buybacks and to issue shares and/or securities, and
granted a new authorization to allot performance shares to
employees and corporate officers. This authorization replaces the
one given at the General Meeting of May 23, 2018, which was not
used.
- Valeo's 2019 Annual Shareholders' Meeting - Press Release
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