EssilorLuxottica 2022 Annual Shareholders’ Meeting
May 25 2022 - 12:00PM
EssilorLuxottica 2022 Annual Shareholders’ Meeting
EssilorLuxottica 2022 Annual
Shareholders’ Meeting
- All
resolutions proposed by the Board of Directors are
adopted
- Dividend of Euro 2.51 per
share
- Shareholders can opt for payment of the dividend in
shares
Charenton-le-Pont, France
(May
25,
2022 –
6:00
pm
CET) – EssilorLuxottica’s Annual
General Meeting was held today at the Carrousel du Louvre in
Paris.
EssilorLuxottica shareholders approved all 16
resolutions submitted by the Board of Directors to the Ordinary and
Extraordinary General Meeting, including the compensation policy
applicable to the Company’s Executive Corporate Officers.
EssilorLuxottica shareholders also ratified the
cooptation of Virginie Mercier Pitre as a new Director. She
replaces Juliette Favre, representing Valoptec Association, as the
new President of the independent Association of EssilorLuxottica’s
employee shareholders.
“I want to thank our shareholders for their
unfailing support. As you have witnessed in the past few years, the
extraordinary journey of EssilorLuxottica is an impressive story of
reshaping and simplifying the new company in order to meet the
growing needs of our industry. The recent integration of
GrandVision in our family is a meaningful milestone to realize our
vision of an open, vertically integrated network company, committed
to growing the industry by creating new categories, enhancing
access to eyecare and eyewear and opening new markets”, declared
Leonardo Del Vecchio, Chairman of EssilorLuxottica, after the
Annual General Meeting.
Option for payment of
the dividend in shares
Furthermore, the resolution granting
shareholders the option to receive their final dividend to be paid
for the financial year ended on December 31, 2021, in shares has
been approved. As duly acknowledged by the Board of Directors,
the price for newly issued shares for the payment of the dividend
has been set at Euro 135.60 per share.
- This price corresponds to 90% of
the average of the opening prices on Euronext Paris during the
twenty trading days preceding the date of the Annual General
Meeting less the amount of the final dividend to be distributed for
the financial year ended on December 31, 2021, this total being
rounded up to the next euro cent.
- The ex-dividend date is set on May
30, 2022. The record date is set on May 31, 2022.
Shareholders will be entitled to opt for payment
of the dividend in newly issued shares between June 1, 2022 and
June 15, 2022. To exercise such option, shareholders have to
address their request to the authorized financial intermediaries
(which may set a shorter election period depending on their
administrative processes). For shareholders holding shares in pure
registered form, the request will have to be addressed to the
Company’s agent (BNP Paribas Securities Services, Grands Moulins de
Pantin, 9, rue du Débarcadère, 93761 Pantin Cedex). For
shareholders who have not exercised their option by June 15, 2022
(or the date set by their authorized financial intermediaries) at
the latest, the final dividend will be entirely paid in cash.
An application will be made to admit the new
shares for trading on Euronext Paris market. The new ordinary
shares allocated in payment will confer the same rights as the
existing shares and carry current dividend rights (“jouissance
courante”), i.e. they will confer the right to any distribution
paid out as from the date of their issuance.
If the amount of the final dividend in respect
of which the option will be exercised does not correspond to a
whole number of shares, the shareholder will receive the number of
shares rounded down to the nearest inferior whole number, and a
balancing payment in cash (“soulte”).
The payment of the dividend or the delivery of
the new shares following the exercise of the option will take place
from June 21, 2022.
Shareholders may connect to EssilorLuxottica.com
to consult the Questions & Answers dedicated to the payment of
dividend in shares.
Time frame
- Ex
date1: May 30,
2022.
- Record
date2: May 31, 2022
- Period to exercise the
option: 1-15 June 2022.
- Date of payment:
June 21, 2022.
Notes
1 First date from which
EssilorLuxottica shares are traded without the final dividend
rights.2 Date on which positions are determined by
the central securities depository at close of business
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