Latécoère: Combined Annual General Meeting of Shareholders of June 11, 2020
June 11 2020 - 12:15PM
Business Wire
Regulatory News:
The Combined General Meeting of Latécoère’s (Paris:LAT)
shareholders was held on June 11, 2020 at the Company's registered
office in Toulouse, under the chairmanship of Mr. Pierre Gadonneix,
Chairman of the Board of Directors.
Exceptionally, due to the Covid-19 pandemic and the health
measures taken by the Government, the Shareholders' Meeting was
held behind closed doors, without the physical presence of the
shareholders.
Around its Chairman, the Bureau was composed of a secretary of
the meeting and two scrutineers appointed by the Chief Executive
Officer by delegation of authority granted by the Board of
Directors in accordance with the provisions of Article 4 of Order
no. 2020-321 of March 25, 2020 and Article 8 of Decree no. 2020-418
of April 10, 2020.
Representing a quorum of 68,085 % in the extraordinary
conditions recalled above, the shareholders approved all the
resolutions recommended by the Board of Directors, including among
others:
- the approval of the 2019 financial
statements and the appropriation of income; - the ratification of
co-optations of directors decided since the previous general
meeting; - the appointment of Mrs. Laurence Dors as Director; - the
reappointment of KPMG as statutory auditor; - the compensation
policy of non-executive directors and the information relating to
the compensation of corporate officers in 2019; - the compensation
policy for the Chairman of the Board of Directors as well as the
components of compensation due or awarded to him for the year 2019;
- the compensation policy for the Chief Executive officer as well
as the components of compensation due or awarded to her for the
year 2019; - the compensation policy for the Deputy Chief Executive
Officer (and any other Executive Corporate Officer); - several
financial authorizations; and - miscellaneous amendments to the
Company’s Bylaws.
The Board of Directors, at its meeting held after the General
Meeting, decided to:
- appoint Mrs. Laurence Dors, independent
director, as Chairman and member of the Audit and Risks Committee;
- to renew the liquidity contract entered into with Gilbert Dupont,
as part of the implementation of the share buyback program
authorized by the General Meeting.
Full voting results are available on the Company's website
www.latecoere.aero.
_________________________________________________________________________________
About Latécoère
Latécoère is a tier 1 partner to major international aircraft
manufacturers (Airbus, Embraer, Dassault, Boeing and Bombardier),
in all segments of the aeronautical market (commercial, regional,
corporate and military aircraft), specializing in two fields:
- Aerostructures (58% of total revenue): fuselage sections and
doors.
- Interconnexion systems (42% of total revenue): onboard wiring,
electrical harnesses and avionics bays.
At 31 December 2019, Latécoère employed 5,187 people in 13
different countries. Latécoère, a French corporation (société
anonyme) with capital of €189,637,036 divided into 94,818,518
shares with a par value of €2, is listed on Euronext Paris -
Compartment B. ISIN codes: FR0000032278 - Reuters: LAEP.PA -
Bloomberg: LAT.FP
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version on businesswire.com: https://www.businesswire.com/news/home/20200611005693/en/
Taddeo Michael Henson / Investor Relations +44 (0) 7551
720441
Pierre-Jean Le Mauff / Relations Media +33 (0)7 77 78 58 67
teamlatecoere@taddeo.fr
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