Getlink: Combined General Meeting on 7 May 2024
March 06 2024 - 12:25PM
Business Wire
Regulatory News:
The Board of Directors, at its meeting on 28
February 2024 under the chairmanship of Jacques Gounon, decided to
convene the ordinary and extraordinary General Meeting of Getlink
(Paris:GET) shareholders on 7 May 20241. To mark the thirtieth
anniversary of the Channel Tunnel, the General Meeting will be held
in Paris.
The Board of Directors has decided the financial resolutions
that will be proposed to the shareholders, as well as those
relating to the remuneration of the Directors, Chairman and the
Chief Executive Officer. It is proposed that shareholders vote on a
10% increase in the dividend to €0.55 per share.
The terms of office of Sharon Flood and Jean-Marc Janaillac,
which expire at the end of this general meeting, will be proposed
for renewal for the term of four years and Jean Mouton’s co-option
to the Board of Directors in 2023 will be submitted for
ratification at this general meeting.
The Board of Directors has reaffirmed the value it attaches to
the separation of the role of Chairman of the Board of Directors
and that of Chief Executive Officer and also to the performance of
Jacques Gounon and Yann Leriche in the exercise of their respective
duties:
- With regard to the Chairman of the Board of
Directors, in the interests of clarity for shareholders and the
market, the Board of Directors wished to set the term of office of
the Chairman and to propose to the Annual General Meeting of
Shareholders that the provisions of Article 19 of the Articles of
Association2 be amended so as to replace the annual renewal option
available to the Board of Directors beyond the age limit with a
cut-off date namely that of the expiry of the current term of
office as director: the Chairman of the Board of Directors, who has
reached the age of 70, will serve as Chairman until the end of his
current term of office, i.e. until the end of the General Meeting
called to approve the financial statements for the year ending 31
December 2025
- With regard to the Chief Executive Officer,
the Board of Directors unanimously decided to renew the term of
office of Yann Leriche as Chief Executive Officer for a period of
four years from the scheduled expiry of his term of office on 1
July 2024.
These appointments will help to maintain and consolidate
Getlink's strong expertise.
The Combined General Meeting will be held on 7 May 2024 at 10.00
a.m. in Paris at 28 Avenue George V, 75008 Paris.
***************************
About Getlink
Getlink SE (Euronext Paris: GET), through its subsidiary
Eurotunnel, is the concession holder for the Channel Tunnel
infrastructure until 2086 and operates Truck and Passenger Shuttle
services (cars and coaches) between Folkestone (UK) and Calais
(France). Since 31 December 2020 Eurotunnel has been developing the
smart border to ensure that the Tunnel remains the fastest, most
reliable, easiest, and most environmentally friendly way to cross
the Channel. Since it opened in 1994, almost 500 million people and
more than 102 million vehicles have travelled through the Channel
Tunnel. This unique land link, which carries 25% of trade between
the Continent and the UK, has become a vital link, reinforced by
the ElecLink electricity interconnector installed in the Tunnel,
which helps to balance the energy needs between France and the UK.
Getlink completes its sustainable mobility services with its rail
freight subsidiary Europorte. Committed to "low carbon" services
that control their impact on the environment (through its
activities, the Group avoids the equivalent of 1.9 million tonnes
of CO2 per year), Getlink has made the place of people, nature and
territories a central concern.
https://www.getlinkgroup.com
1 The notice of meeting will be published in the BALO (Bulletin
des Annonces Légales et Obligatoires) on 6 March 2024 and will be
available on the Company's website. 2 The current version of
Article 19 of the Articles of Association stipulates that the
Chairman's term of office expires on the date of the ordinary
general meeting called to approve the financial statements for the
year in which the age limit (70) is reached. However, the Board of
Directors may keep the Chairman in office and renew his term of
office for further annual periods, up to a maximum of five. The
Board has confirmed its wish to keep the Chairman in office until
the end of his term as director, i.e. until the 2026 Annual General
Meeting and has proposed a clarification of the Articles of
Association to this effect.
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