Outcome of Solvay's General Shareholders Meeting
May 08 2018 - 8:00AM
Brussels, May 8,
2018 --- Solvay today held its General Shareholders Meeting at
its Corporate Headquarters in Brussels.
Shareholders voted in favor of all
the resolutions proposed. More specifically, they approved the
payment of a gross dividend of € 3.60 per share for the fiscal year
2017. After deduction of the prepayment made on January 18, 2018 of
€ 1.38 gross per share, the balance of the gross dividend amounts
to € 2.22 gross per share, payable as of May 23, 2018.
During the General Shareholders
Meeting, shareholders also approved the re-election of Mrs.
Rosemary Thorne and Mr. Gilles Michel as independent Board Members
on the Board of Directors for a four-year term until May 2022. Mr.
Philippe Tournay and Mr Matti Lievonen were nominated as
independent members on the Board of Directors for four years in
replacement of Mr. Denis Solvay and Mr. Bernhard Scheuble who have
decided not to request the renewal of their mandate as Board
members.
Details of the resolutions and
voting results as well as a replay of the shareholder meeting are
available on Solvay's website, Investors section.
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Solvay
is an advanced materials and specialty chemicals company, committed
to developing chemistry that addresses key societal challenges.
Solvay innovates and partners with customers worldwide in many
diverse end markets. Its products are used in planes, cars,
batteries, smart and medical devices, as well as in mineral and oil
and gas extraction, enhancing efficiency and sustainability. Its
lightweighting materials promote cleaner mobility, its formulations
optimize the use of resources and its performance chemicals improve
air and water quality. Solvay is headquartered in Brussels with
around 24,500 employees in 61 countries. Net sales were €10.1
billion in 2017, with 90% from activities where Solvay ranks among
the world's top 3 leaders, resulting in an EBITDA margin of 22%.
Solvay SA (SOLB.BE) is listed on Euronext
Brussels and Paris (Bloomberg: SOLB.BB -
Reuters: SOLB.BR) and in the United States its
shares (SOLVY) are traded through a level-1
ADR program.
Figures take into account the announced divestment
of Polyamides. |
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Source: Solvay S.A. via Globenewswire
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