On 12 May 2017, the Combined Ordinary and Extraordinary Shareholders’ Meeting convened 1013 shareholders under the chairmanship of Mr. Gérard Mestrallet, Chairman of the Board of Directors of ENGIE. More than 22 000 shareholders voted in advance of the meeting.
All the resolutions, in particular that the financial statements and the allocation of profit for the year 2016, were approved by shareholders, being specified that among the two directors representing employee shareholders the choice was made of Mr. Christophe Aubert, who received the largest number of votes. The dividend was set at €1 per share (1).
Shareholders who have registered their shares in registered form before 31 December 2014 will, for the first time, receive a dividend plus 10% for the financial year 2016 with the payment of the balance of the dividend on 18 May 2017. This measure, adopted by the General Meeting of 28 April 2014, aims to encourage and reward shareholder loyalty.
This General Meeting was, notably, an opportunity to review the progress made in the transformation of the Group and the functioning of dissociated governance, one year after it was set up.
During this General Meeting, the shareholders also:
- the appointment of Patrice Durand as a director, proposed by the State as a replacement for Mr. Bruno Bézard for the remainder of his term, until the end of the 2019 General Meeting;
- appointed Mr. Christophe Aubert as a director representing employee shareholders as a replacement for Caroline Simon whose mandate had expired. The term of office of Mr. Aubert will expire at the end of the General Meeting of 2021.
At the end of the General Meeting, the Board of Directors is composed of 19 members, including 8 independent directors, 3 directors representing employees, 1 director representing employee shareholders, and 5 directors representing or appointed on the proposal of the French State. The Board of Directors has 9 women and 5 different nationalities are represented.
The Board’s skills mapping, published for the first time this year and carried out with the assistance of an external expert, confirms the complete and balanced distribution of skills required both in general terms and more specifically in relation to the strategic objectives agreed by the Board of Directors.
The Board of Directors also decided on the principle of an interim dividend of €0.35 per share for the financial year 2017, to be paid on 13 October 2017.
The Annual General Meeting was transmitted live on the Group’s website and is available on a catch-up basis. The presentation and results of the ballot are also available on the Group’s website.
Go to engie.com/ag
ENGIE also published its 4th Integrated Report, which presents the Group’s strategy, governance and performance, as well as the environment in which it operates. This publication strengthens the Group’s transparency all its stakeholders.
(1) The balance of the dividend, € 0.50 per share, will be detached on May 16, 2017 and paid on May 18, 2017; The interim dividend of € 0.50 per share was paid on October 14, 2016