1,342 shareholders, present or represented, gathered for the mixed General Shareholders’ Meeting this 18 May 2018, held under the chairmanship of Mr Gérard Mestrallet. Nearly 18,000 shareholders voted prior to the Meeting.
Gérard Mestrallet’s chairmanship and his term of office as an administrator ended at the close of this Meeting. In recognition of the 23 years that he has devoted to building up the Group, the Board has appointed Gérard Mestrallet Chairman of Honour, thus acknowledging the whole of his action.
Following his appointment as an independent administrator by the General Shareholders’ Meeting, Mr Jean-Pierre Clamadieu was appointed Chairman by the Board of Directors.
Moreover, to fill the position vacated by the State given its current stake in ENGIE’s capital, the shareholders approved the appointment of Mr Ross McInnes as an independent administrator, appointed by the Board of Directors as a member of the Audit Committee. The Board concomitantly received the resignation of Ms Stéphane Pallez with immediate effect at the close of this General Shareholders Meeting.
2018 is also the year of the expiry of the terms of office of the employee administrators. Mr Christophe Agogué will take over from Mr Olivier Marquer for the “engineers, managers and equivalent” college. The electoral vote renewed, for the “other employees” college, Messrs Alain Beullier and Philippe Lepage in their offices for a 4-year term.
The Board of Directors is now composed of 19 members including 9 independents, 8 women and 5 different nationalities.
The other resolutions on the agenda of the Meeting were all approved with the exception of the financial resolutions usable in a public offering period aimed at ENGIE (resolutions 18 to 22). Given the diversity of its shareholders and their respective requirements, the Board had allowed its shareholders to issue a differentiated vote according to whether the financial resolutions were or not exercisable during an offering period for ENGIE. The identical financial resolutions but usable outside periods of public offering were approved.
The shareholders also approved the accounts and the allocation of the profits for the 2017 financial year. The dividend for 2017 was set at 0.70 euro per share .
The General Shareholders’ Meeting was also the occasion for Ms Isabelle Kocher, CEO, to set out ENGIE’s industrial repositioning.
The 2016-18 Transformation Plan, 90% completed after only 2 years, is already producing significant results with:
The return of growth allowed the Group to announce in March an increase in the dividend for 2018 at EUR 0.75 per share.
ENGIE also published its Integrated Report which sets out the strategy, governance and performance of the Group, as well as the environment in which it operates. In this 5th edition, ENGIE proposes a new reading of its activities, presenting them in the light of the major structural trends and a new assessment of the challenges of the responsibility produced with its stakeholders.
2018 Integrated Report > http://www.engie.com/groupe/publications/
The General Shareholders’ Meeting was broadcast live on the Group’s website and is available as a replay. The presentation and results of the voting are also available on engie.com/ag.