L'Oréal: News Release: "Annual General Meeting and Board of Directors’ Meeting of 21 April 2022"
21 Avril 2022 - 6:00PM
L'Oréal: News Release: "Annual General Meeting and Board of
Directors’ Meeting of 21 April 2022"
NEWS RELEASE
Clichy, Thursday 21 April 2022
Annual General Meeting and Board
of Directors’ Meeting of 21 April
2022
- Renewal
of the term of office as
Directors of Mr
Jean-Paul Agon, Mr Patrice Caine
and Ms Belén
Garijo
- Dividend of
€4.80 per
share, increased
by +20%
- Renewal of
the duties of Mr Jean-Paul Agon
as Chairman of the Board
of Directors
The L’Oréal Annual General
Meeting took place today in Paris, under the chairmanship
of Mr Jean-Paul Agon, Chairman of the Board of Directors. The
General Meeting was livestreamed on the Company’s website.
The Annual General Meeting adopted all the
proposed resolutions, and in particular:
- approved the parent
company financial statements and the consolidated financial
statements for 2021;
- decided on the
distribution of a dividend of €4.80 per share. This dividend is
increased to €5.28 for shares that have been continuously held in
the registered form since 31 December 2019 at the latest and until
the dividend payment date, i.e. Friday 29 April 2022;
- renewed the term of
office as Directors of Mr Jean-Paul Agon, Mr Patrice Caine and Ms
Belén Garijo for a four-year term;
- approved the
related-party agreement regarding the repurchase by L’Oréal of
22,260,000 shares from Nestlé representing 4% of the share
capital;
- renewed the term of
office of Deloitte & Associés and appointed Ernst & Young,
as a substitution for PricewaterhouseCoopers Audit, as Statutory
Auditors.
The Board of Directors, meeting
after the General Meeting, decided to renew the dissociation of
functions of Chairman of the Board and Chief Executive Officer, Mr
Nicolas Hieronimus performing the duties of Chief Executive
Officer, and to renew the duties of Mr Jean-Paul Agon as Chairman
of the Board of Directors.
Mr Thierry Hamel and Mr Benny de Vlieger joined
the Board of Directors as new Directors representing the employees,
appointed respectively by the CFE-CGC (the most representative
trade union in L’Oréal for France) and by the Instance Européenne
de Dialogue Social (European Works Council), for a four-year
term.
Mr Jean-Paul Agon invited the shareholders to
the 2023 Annual General Meeting on 21 April 2023.
The results of the votes and the webcast of the
Annual General Meeting are available on the www.loreal-finance.com
website.
“This news release does not constitute an offer
to sell, or a solicitation of an offer to buy L’Oréal shares. If
you wish to obtain more comprehensive information about L’Oréal,
please refer to the public documents registered in France with the
Autorité des Marchés Financiers, also available in French on our
website www.loreal-finance.com.
This news release may contain some
forward-looking statements. Although the Company considers that
these statements are based on reasonable hypotheses at the date of
publication of this release, they are by their nature subject to
risks and uncertainties which could cause actual results to differ
materially from those indicated or projected in these
statements.”
This is a free translation into English of the
news release issued in the French language and is provided solely
for the convenience of English-speaking readers. In case of
discrepancy, the French version prevails.
About L’Oréal
For over 110 years, L’Oréal, the world’s leading
beauty player, has devoted itself to one thing only: fulfilling the
beauty aspirations of consumers around the world. Our purpose, to
create the beauty that moves the world, defines our approach to
beauty as inclusive, ethical, generous and committed to social and
environmental sustainability. With our broad portfolio of 35
international brands and ambitious sustainability commitments in
our L’Oréal for the Future programme, we offer each and every
person around the world the best in terms of quality, efficacy,
safety, sincerity and responsibility, while celebrating beauty in
its infinite plurality.
With 85,400 committed employees, a balanced
geographical footprint and sales across all distribution networks
(e-commerce, mass market, department stores, pharmacies, hair
salons, branded and travel retail), in 2021 the Group generated
sales amounting to 32.28 billion euros. With 20 research centres
across 11 countries around the world and a dedicated Research and
Innovation team of over 4,000 scientists and 3,000 tech
professionals, L’Oréal is focused on inventing the future of beauty
and becoming a Beauty Tech powerhouse.
More information on
https://www.loreal.com/en/mediaroom
L’ORÉAL
CONTACTS
| Switchboard+33
(0) 1 47 56 70 00 |
Individual shareholders and market regulators
Mr Christian Munich+33 (0)1 47 56 72
06christian.munich2@loreal.com |
Investor relations Ms Françoise Lauvin+33 (0)1 47
56 86 82francoise.lauvin@loreal.com |
Journalists Ms Noëlle Camilleri+33 (0)6 79 92
99 39noelle.camilleri@loreal.com |
|
|
For more information, please contact your bank,
broker or financial institution (I.S.I.N. code: FR0000120321), and
consult your usual newspapers, the Internet site for shareholders
and investors, www.loreal-finance.com or the L’Oréal Finance app,
alternatively, call +33 1 40 14 80 50.
This press release has been secured and authenticated with the
blockchain technology. You can verify its authenticity
on the website www.wiztrust.com
LOreal (EU:OR)
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