OREANDA-NEWS. The Ordinary General Shareholders’ Meeting met in Paris La Defense today under the chairmanship of Mr. Philippe Varin and approved the resolutions submitted to a vote by the Shareholders.

In particular, the Shareholders:

  • approved the financial and consolidated financial statements for the fiscal year ended December 31, 2015 and the allocation of results in their entirety to retained earnings, entailing the non-payment of a dividend;
  • approved the regulated agreements;
  • issued a favorable opinion on the components of the compensation due or allocated for the financial year 2015 to the members of the Executive Board until January 8, 2015, as well as for the Chairman of the Board of Directors and the Chief Executive Officer as from January 8, 2015, in accordance with the recommendations of the AFEP MEDEF Code of Corporate governance.
  • authorized the Board of Directors to buyback Company’s shares, for a legal period of 18 months, up to a limit of 10% of the Company’s share capital.

The Executive management invited the investors to a meeting, which will occur before the publication of the half-year financial report, in order to detail the group’s mid-term outlook.