Danone:
Press Release – Paris, April 26, 2022
2022 Danone Shareholders’
Meeting: Approval of all resolutions proposed by
the Board of Directors
2022 Danone Shareholders’ Meeting: all
resolutions proposed by the Board of Directors
approved
Danone’s Shareholders’ Meeting was held today,
chaired by Gilles Schnepp, Chairman of the Board of Directors.
66.98% of Danone’s total outstanding share capital was present or
represented in this Shareholders’ Meeting.
Danone’s shareholders approved all resolutions
submitted to its approval by the Board of Directors, including the
statutory and consolidated financial statements for the 2021 fiscal
year, and the distribution of a dividend of €1.94 per share in
cash, in line with 2020. The ex-dividend date (or ex-date) is set
on May 10, 2022 and the dividend will be payable on May 12,
2022.
In addition, the Shareholders’ Meeting approved
the appointment of all candidates proposed to join the Board of
Directors – Antoine de Saint-Affrique, Patrice Louvet, Géraldine
Picaud and Susan Roberts – and the ratification of the co-opting of
Valérie Chapoulaud-Floquet as Director.
The draft resolution (not supported by the Board
of Directors) whose inclusion in the agenda of the Shareholders’
Meeting was requested by shareholders owning 0.8% of the share
capital was rejected by the Shareholders’ Meeting.
Presentations made during the Shareholders’
Meeting, the detailed voting results per resolution, the answers to
all written questions sent by shareholders, the Mission Committee’s
annual report and a new version of the Board’s internal rules 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
As announced on March 8, 2022, and following
today’s approval of appointment of the new Directors by the
Shareholders’ Meeting, the Board now has 3 committees composed as
follow:
- Governance Committee: Valérie
Chapoulaud-Floquet (Chair and Lead Independent Director), Michel
Landel and Patrice Louvet;
- Audit Committee: Géraldine Picaud (Chair),
Frédéric Boutebba and Gilles Schnepp;
- Engagement Committee: Serpil Timuray (Chair),
Michel Landel, Susan Roberts and Bettina Theissig.
Share Capital Decrease
At its meeting of April 26, 2022, the Board of
Directors decided to cancel the 13.2 million treasury shares that
were bought-back during the second half of 2021. This cancellation
of treasury shares will be effective on April 28, 2022. Following
this decision, the share capital of Danone will amount to
168,631,043.50 euros, represented by 674,524,174 shares.
Continuation of the global Employee
Share Subscription Plan
The Board of Directors decided to continue in
2022 its capital increase program reserved to employees working for
Danone foreign subsidiaries or in a situation of international
mobility within the Group, launched in 2019.
Under this program, eligible employees of Danone
foreign entities will be able to subscribe to new shares with a 30%
discount of the reference price. The subscription period is
expected to occur in June 2022. The new shares issued under the
21st resolution approved during today Shareholders’ Meeting shall
not exceed a nominal amount of €200,000. It is expected that the
capital increase will be opened to around 83% of Danone employees
worldwide, working in 48 different countries.
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.
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