EVS Broadcast Equipment invites its shareholders to the Ordinary General Meeting on May 16, 2017
April 13 2017 - 11:45AM
Publication on April 13, 2017,
after market close
Regulated information
EVS Broadcast Equipment S.A.: Euronext Brussels
(EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)
EVS Broadcast Equipment, the
leading provider of live video production systems, published today
the invitation to its Ordinary General Meeting, to be held on May
16, 2017, at its headquarters in Liège.
Aside from the usual topics, the
Board of Directors will propose to shareholders to approve the
following resolutions:
-
The payment of a total gross dividend of EUR
1.30 (including the interim dividend of EUR 0.60 paid in November
2016), implying a final gross dividend of EUR 0.70 to be paid on
May 24, 2017;
-
A profit sharing plan in the form of a grant of
43 EVS shares for EVS employees, adjusted for the employee time
spent with the firm in 2016;
-
Board mandates:
-
the appointment of 7 Capital sprl (permanently
represented by Mrs Chantal De Vrieze)
-
the appointment of MMBu (permanently represented
by Mrs Patricia Langrand)
-
the renewal of the mandate of Freddy Tacheny as
Director
-
the variables fees of MucH sprl (permanently
represented by Muriel De Lathouwer), Managing Director & CEO of
the company.
The EUR 1.30 total dividend, which
implies a pay-out ratio of 53.5% and a dividend yield of 4.2% (on
the 2016 average share price), reflects the willingness of the
Board of Directors to continue to distribute a large portion of the
net profit, while keeping enough financial flexibility to support
the future growth of EVS in new developing markets in the broadcast
industry.
All documents relating to the
combined Ordinary General Meeting of May 16 are available on the
website of EVS Broadcast Equipment at www.evs.com, including the
2016 annual report.
For more information, please
contact:
Yvan ABSIL, Senior Vice President, CFO
Geoffroy d'OULTREMONT, Vice President Investor Relations &
Corporate Communication
EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois
Saint-Jean, B-4102 Seraing, Belgium
Tel: +32 4 361 70 13. E-mail: corpcom@evs.com;
www.evs.com |
Forward Looking Statements
This press release contains forward-looking statements with respect
to the business, financial condition, and results of operations of
EVS and its affiliates. These statements are based on the current
expectations or beliefs of EVS' management are subject to a number
of risks and uncertainties that could cause actual results or
performance of the Company to differ materially from those
contemplated in such forward-looking statements. These risks and
uncertainties relate to changes in technology and market
requirements, the company's concentration on one industry, decline
in demand for the company's products and those of its affiliates,
inability to timely develop and introduce new technologies,
products and applications, and loss of market share and pressure on
pricing resulting from competition which could cause the actual
results or performance of the company to differ materially from
those contemplated in such forward-looking statements. EVS
undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
About EVS
EVS is globally recognized as the technology leader for live video
production. The company introduced Live Slow Motion replay in 1994,
and has continued to build on its reputation for quality and
reliability with solutions that enhance live sports, entertainment
and news content. Innovations - such as the C-Cast multimedia
platform and DYVI IT-based switcher - are raising the bar for live
production enrichment, management and distribution. Broadcasters,
rights owners, producers and venues alike use EVS to maximize the
value of their productions and increase revenue streams. The
company is headquartered in Belgium with around 500 employees in
offices in Europe, the Middle East, Asia and North America, and
provides sales and technical support to more than 100 countries.
EVS is a public company traded on Euronext Brussels: EVS, ISIN:
BE0003820371. For more information, please visit www.evs.com. |
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EVS Broadcast Equipment via Globenewswire
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