The Shareholders’ Meeting has taken place on Tuesday 23 June 2009 at the Carrousel du Louvre.
During this event, Patrick Kron, Chairman and CEO of the Group, gave a positive summary of the Group’s year for 2008/09 and confirmed the operating margin forecast to be around 9% for the current year 2009/10.
The shareholders, who represented 62.24% of the voting rights, approved all of the proposed resolutions. Notably, they approved the accounts of the fiscal year 2008/09 and the distribution of a dividend of €1.12 per share. This dividend, an increase of 40% compared to last year’s figure, will be paid on the 30 June.
The Shareholders’ Meeting also approved the nomination of PricewaterhouseCoopers Audit and Mazars SA as Independent Auditors. The meeting also renewed the Board of Director’s authorisation to trade the Company’s shares and reduce the share capital by cancelling shares.
All information relating to the Shareholders’ Meeting are available on this page.