Results of the Annual Ordinary and Extraordinary General Meeting of Lagardère SCA

The shareholders of Lagardère SCA approved all the resolutions presented by the Managing Partners.The two draft resolutions submitted by Amber Capital are rejected with more than 82% negative vote.

The Annual Ordinary and Extraordinary General Meeting of the Company was held on Thursday, 3 May 2018 at 10:00 a.m. at the Carrousel du Louvre in Paris. The quorum reached by the shareholders present, represented or having voted by mail or online was close to 69% of the shares with voting rights.

After a presentation of the operations, the strategy and the results of the Company and the Group, the Managing Partners and the key executives answered all the questions, oral and written, raised by the shareholders.

All the resolutions presented by the Managing Partners were approved including those relating to:

• the approval of the financial statements and the distribution of the dividend set at €1.30 per share, which has an ex-dividend date on 7 May 2018 and will be paid as of 9 May 2018 ;
• the favourable advisory opinions on the components of remuneration payable or granted to the Managing Partners and the Chairman of the Supervisory Board, in respect of 2017 ;
• the re-appointment as members of the Supervisory Board of Xavier de Sarrau, Yves Guillemot and Patrick Valroff ;
• the reduction of the maximum number of Supervisory Board members provided by the Articles of Association to thirteen.

The shareholders rejected the two draft resolutions submitted by Amber Capital, relating to the appointment of Helen Lee Bouygues and Arnaud Marion as members of the Supervisory Board.

After the General Meeting, the Supervisory Board decided to renew Xavier de Sarrau as President of the Board.

The ballot results on each resolution are presented in the following document. 

• Results of the Annual Ordinary and Extraordinary General Meeting of Lagardère SCA