CORRECTION: L'ORÉAL: News Release: "Annual General Meeting and Board of Directors' Meeting of 17 April 2018"
April 17 2018 - 1:25PM
This is
a correction of the announcement from 18:03 17.04.2018
CEST.
Clichy, Tuesday 17 April 2018
ANNUAL GENERAL MEETING AND
BOARD OF DIRECTORS' MEETING OF 17 APRIL 2018
-
Appointment as Director of Mr
Patrice Caine and Mr Axel Dumas
-
Renewal of the tenure as
Director of Mr Jean-Paul Agon and Mrs Belén Garijo
-
Approval of a dividend of €3.55
per share up by +7.6%
-
Share buyback programme of €500
million
The Annual
General Meeting of L'Oréal shareholders was held in Paris, on
Tuesday 17 April 2018, under the chairmanship of
Mr Jean-Paul Agon, Chairman and Chief Executive Officer.
The Annual General Meeting adopted
all the proposed resolutions, and in particular:
-
approved the parent company financial statements
and the consolidated financial statements for 2017;
-
decided on the distribution of a dividend of
€3.55 per share. This dividend is increased to €3.90 for shares
that have been continuously registered for at least two years.
Dividend payment date: Friday 27 April 2018;
-
appointed two new Directors, Mr Patrice Caine
and Mr Axel Dumas for a four-year term;
- renewed the tenure as Directors
of Mr Jean-Paul Agon and Mrs Belén Garijo, for a four-year
term.
The Board of
Directors' meeting, held at the close of the Annual General
Meeting has decided to renew the duties of Mr Jean-Paul Agon as
Chairman and Chief Executive Officer. The Board was informed
of the renewal for four years of the tenure as employee director of
Mrs Ana Sofia Amaral and of Mr Georges Liarokapis, appointed
respectively by the Instance Européenne de
Dialogue Social (European Works Council) and by the CFE-CGC,
the most representative trade union organisation at L'Oréal in
France.
Moreover, the Board of Directors
has decided, under the authorisation voted by the Annual General
Meeting of 20 April 2017, to set up a share buyback programme
amounting to a maximum of €500 million during the second quarter of
2018. All the shares bought back will be cancelled.
***
The results of the votes are
available on the www.loreal-finance.com website. A summary of the
AGM will be provided in the next L'Oréal "Letter to Shareholders",
available on request and on the www.loreal-finance.com website.
"This news
release does not constitute an offer to sell, or a solicitation of
an offer to buy L'Oréal shares. If you wish to obtain more
comprehensive information about L'Oréal, please refer to the public
documents registered in France with the Autorité des Marchés
Financiers, also available in English on our Internet site
www.loreal-finance.com.
This news release may contain some forward-looking
statements. Although the Company considers that these statements
are based on reasonable hypotheses at the date of publication of
this release, they are by their nature subject to risks and
uncertainties which could cause actual results to differ materially
from those indicated or projected in these statements."
Contacts at L'Oréal
(switchboard: +33 1 47 56 70 00)
Individual shareholders and
market authorities
Mr Jean Régis CAROF
Tel: +33 1 47 56 83 02
jean-regis.carof@loreal.com
Financial analysts and
Institutional investors
Mrs Françoise LAUVIN
Tel: +33 1 47 56 86 82
francoise.lauvin@loreal.com
Journalists
Mrs Stephanie CARSON-PARKER
Tel: +33 1 47 56 76 71
stephanie.carsonparker@loreal.com
For more information, please
contact your bank, broker or financial institution (I.S.I.N. code:
FR0000120321), and consult your usual newspapers, the Internet site
for shareholders and investors - www.loreal-finance.com - or the
L'Oréal Finance app, alternatively, call +33 1 40 14 80 50.
www.loreal-finance.com -
Follow us on Twitter @loreal
Read the News Release of 17 avril
2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: L'ORÉAL via Globenewswire
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