Danone: 2021 Danone Shareholders’ Meeting: approval of all resolutions
April 29 2021 - 12:01PM
Danone: 2021 Danone Shareholders’ Meeting: approval of all
resolutions
Press Release – Paris, April 29, 2021
2021 Danone Shareholders’ Meeting:
approval of all resolutions
2021
Danone Shareholders’ Meeting: approval of all
resolutions
Danone’s Shareholders’ Meeting was held today,
exceptionally behind closed doors given the current health context,
chaired by Gilles Schnepp, Chairman of the Board of Directors.
64.09% of Danone’s total outstanding share capital was represented
in this Shareholders’ Meeting.
Danone’s shareholders approved all resolutions
submitted to a vote, including the statutory and consolidated
financial statements for the 2020 fiscal year, and the proposed
dividend of €1.94 per share in cash, down 8% from 2019. The
ex-dividend date (or ex-date) is set on May 10, 2021 and the
dividend will be payable on May 12, 2021.
In addition, the Shareholders’ Meeting approved
all proposed renewals of terms of office of the members of the
Board of Directors, Guido Barilla, Cécile Cabanis, Michel Landel
and Serpil Timuray, and the ratification of the co-opting of Gilles
Schnepp as Director.
Following the adoption of the Entreprise à
Mission model in June 2020, the Mission Committee chaired by Pascal
Lamy, and in charge of measuring Danone’s progress on the 4 pillars
of its mission, presented for the first time its annual report to
the Shareholders’ Meeting.
The presentation made during the Shareholders’
Meeting, the detailed voting results per resolution, the answers to
all written questions sent by shareholders and the Mission
Committee’s annual report are available on Danone’s corporate
website (www.danone.com). The video webcast of the Shareholders’
Meeting will be available on the website as of the end of the
day.
Composition of the
Board’s Committees
In the framework of the new composition of the
Board of Directors further to today Shareholders’ Meeting, the
Board decided to review the composition of its committees which are
composed now as follows:
- Audit Committee chaired by Gaëlle
Olivier along with Frédéric Boutebba and Lionel Zinsou-Derlin;
- Governance Committee chaired by the
Lead Independent Director, Jean-Michel Severino, along with Clara
Gaymard and Michel Landel;
- Engagement Committee chaired by
Serpil Timuray along with Michel Landel and Bettina Theissig;
- Strategy & Transformation
Committee chaired by Lionel Zinsou-Derlin along with Guido Barilla,
Cécile Cabanis, Franck Riboud and Isabelle Seillier.
Continuation of the global Employee
Share Subscription Plan
In the framework of the « One Person. One
Voice. One Share » program, launched in 2019, the Board of
Directors decided to continue in 2021 its capital increase program
reserved to employees working for Danone foreign legal entities or
in a situation of international mobility within Danone. Under this
program, eligible employees of Danone foreign entities will be able
to subscribe to new shares with a 20% discount of the reference
price. The subscription period is expected to occur in June 2021.
The new shares will be issued under the 23rd resolution approved
during today Shareholders’ Meeting shall not exceed a nominal
amount of €200,000. The capital increase will be opened to all
eligible employees working in all countries that participated in
2019 as well as the eligible employees working in an additional
number of countries subject to obtaining necessary authorizations
from local authorities. The new shares will be listed under the
same code as the existing Danone shares (ISIN code: FR0000120644)
and will be fungible with those shares from their admission to
trading.
About Danone
(www.danone.com)
Danone is a leading multi-local food and
beverage company building on health-focused and fast-growing
categories in 3 businesses: Essential Dairy & Plant-Based
products, Waters and Specialized Nutrition. With its ‘One Planet.
One Health’ frame of action, which considers the health of people
and the planet as intimately interconnected, Danone aims to inspire
healthier and more sustainable eating and drinking practices. To
accelerate this food revolution and create superior, sustainable,
profitable value for all its stakeholders, Danone has defined nine
2030 Goals, and paved the way as the first listed company to adopt
the “Entreprise à Mission” status in France. With a purpose to
bring health through food to as many people as possible, and
corresponding social, societal and environmental objectives set out
in its articles of association, Danone commits to operating in an
efficient, responsible and inclusive manner, in line with the
Sustainable Development Goals (SDGs) of the United Nations. By
2025, Danone aims to become one of the first multinational
companies to obtain B Corp™ certification. With more than 100,000
employees, and products sold in over 120 markets, Danone generated
€23.6 billion in sales in 2020. Danone’s portfolio includes leading
international brands (Actimel, Activia, Alpro, Aptamil, Danette,
Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others)
as well as strong local and regional brands (including AQUA,
Blédina, Bonafont, Cow & Gate, Horizon Organic, Mizone, Oikos,
Prostokvashino, Silk, Vega). Listed on Euronext Paris and present
on the OTCQX market via an ADR (American Depositary Receipt)
program, Danone is a component stock of leading sustainability
indexes including the ones managed by Vigeo Eiris and
Sustainalytics, as well as the Ethibel Sustainability Index, the
MSCI ESG Indexes, the FTSE4Good Index Series, Bloomberg Gender
Equality Index, and the Access to Nutrition Index.
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