AIR FRANCE - KLM : Equity investment of China Eastern and Delta Air Lines in Air France-KLM's share capital approved by more ...
September 04 2017 - 8:33AM
04 September 2017
Equity investment of China
Eastern and Delta Air Lines in Air France-KLM's share capital
approved by more than 94% of the shareholders' voting
cast
___________________________________________________________________
The Air France-KLM (the "Company")
Combined Ordinary and Extraordinary Shareholders' Meeting was held
on Monday 4 September at the Hotel Pullman Paris Centre Bercy. It
was convened in order to implement part of the strategic
transactions presented on July 27, 2017.
During this Shareholders' Meeting,
where more than 54.85% of the shareholders were present or
represented, all the proposed resolutions were adopted. In
addition, upon request of a shareholder during the meeting, a new
resolution relating to the appointment of a nineteenth Board
director was adopted. The following decisions were taken:
-
Appointment of two new Board directors each
representing China Eastern Airlines and Delta Air Lines, as from
the completion of the reserved share capital increases and for a
four-year period: Mr. Bing Tang and Delta Air Lines Inc. whose
permanent representative will be Mr. George Mattson;
-
Appointment of the company Air France-KLM
Finance SAS, as nineteenth Board director, as from the completion
of the reserved share capital increases to the benefit of China
Eastern and Delta Airlines and for a four-year period, whose
permanent representative will be a woman;
-
The Board of Directors is authorized to
implement the reserved capital increases for the benefit of China
Eastern Airlines and Delta Air Lines each for a total nominal
amount of 37,527,410 euros at a price of 10 euros per share;
The completion of these reserved
share capital increases is subject to the approval of the
corresponding regulatory authorities;
-
Finally, capital increases reserved for members
of a company or Group savings scheme were authorized for a duration
of 12 months and within a limit of 2% of the share capital. This
authorization replaces the resolution of the same nature which was
voted by the Shareholders' Meeting of May 16, 2017.
The detailed results of the votes
are available on the Company's website
(http://www.airfranceklm.com/en/finance/shareholders/annual-general-meeting).
Following the
General Meeting, Jean Marc Janaillac, Chairman and CEO of Air
France-KLM, said: "Our shareholders have largely
approved the strategic step forward proposed to
them. The partnerships to be finalized with China Eastern Airlines
and Delta Airlines are an integral part of the Trust Together
project, which aims to resume the offensive and position Air France
as the European pillar of the most integrated network of partners
in the world. These operations also make it possible to continue
improving the Group's financial structure, thus confirming its
ability to control its growth strategy".
Investor
relations
Press
Marie-Agnès de
Peslouan
Dirk
Voermans
+33 1 49 89 52 59
+33 1 49 89 52
60
+33 1 41 56 56 00
madepeslouan@airfranceklm.com
divoermans@airfranceklm.com
Website: www.airfranceklm.com
Reserved capital increase
approved
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: AIR FRANCE - KLM via Globenewswire
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