Casino Group: Board of Directors' press release
April 27 2020 - 11:40AM
Casino Group: Board of Directors' press release
Board of Directors' press
release
Paris, April 27th, 2020,
The Board of Directors of Casino
Guichard-Perrachon, meeting on 27 April 2020 under the chairmanship
of Mr Jean-Charles NAOURI, has set 17 June 2020 as the date for the
Annual General Meeting of shareholders, initially scheduled for 19
May 2020. The terms and conditions of this General Meeting will be
specified to shareholders at a later date.
In the current context linked to the Covid-19
pandemic around the world, and its unprecedented impacts, the
members of the Executive Committee of the Casino Group decided to
reduce their remuneration. Thus, Mr Jean-Charles NAOURI, Chairman
and CEO, decided to reduce his remuneration by 25% for the months
of April and May 2020; all the members of the Group's Executive
Committee are part of this action. Furthermore, the fixed
compensation of the Chairman and Chief Executive Officer and of all
senior executives will not be increased in 2020.
The Directors of the Board of Directors and the
advisors have also agreed to waive their compensation on equal
terms.
The corresponding sums will be paid into the
Common Solidarity Fund set up by the Fondation de France, APHP and
Institut Pasteur, for the benefit of healthcare personnel in
relation to Covid-19.
The company's Board of Directors has also
confirmed that no dividend will be paid in 2020.
Disclaimer This press release was
prepared solely for information purposes and should not be
construed as a solicitation or an offer to buy or sell securities
or related financial instruments. Similarly, it does not give and
should not be treated as giving investment advice. It has no
connection with the investment objectives, financial situation or
specific needs of any recipient. No representation or warranty,
either express or implicit, is provided in relation to the
accuracy, completeness or reliability of the information contained
herein. It should not be regarded by recipients as a substitute for
exercise of their own judgement. All opinions expressed herein are
subject to change without notice
ANALYST AND INVESTOR
CONTACTSRégine GAGGIOLI – +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction
of CommunicationStéphanie ABADIE -
sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine
ALLOUIS - +33 (0)6 11 59 23 26 -
kallouis@image7.frFranck PASQUIER – Tel : +33 (0)6 73 62 57 99
- fpasquier@image7.fr
- 2020.04.27 - Board of Directors' press release
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