L'Oréal: News release: "Annual General Meeting and Board of Directors’ Meeting of 30 June 2020"
June 30 2020 - 12:00PM
L'Oréal: News release: "Annual General Meeting and Board of
Directors’ Meeting of 30 June 2020"
Clichy, Tuesday 30 June 2020
Annual General Meeting and Board of
Directors’ Meeting of 30 June 2020
- Appointments as Directors of Ms Ilham Kadri and Mr
Nicolas Meyers
- Renewal of the tenure as Directors of Ms Béatrice
Guillaume-Grabisch and Mr Jean-Victor Meyers
- Approval of a dividend of €3.85 per share
- Appointment of Ms Françoise Bettencourt Meyers as
Vice-President of the Board
The Annual General Meeting of
L’Oréal shareholders was help in Paris, on Tuesday 30 June 2020,
under the chairmanship of Mr Jean-Paul Agon, Chairman and Chief
Executive Officer. Given the exceptional context related to the
Covid-19 pandemic, it was held behind closed doors.
The Annual General Meeting adopted all the
proposed resolutions, and in particular:
- approved the parent company financial statements and the
consolidated financial statements for 2019;
- decided on the distribution of a dividend of €3.85 per share.
This dividend is increased to €4.23 for shares that have been
continuously registered for at least two calendar years. Dividend
payment date: Tuesday 7 July 2020;
- appointed two new Directors, Ms Ilham Kadri and Mr Nicolas
Meyers, for a four-year term;
- renewed the tenure as Directors of Ms Béatrice
Guillaume-Grabisch and Mr Jean-Victor Meyers, for a four-year
term.
The Board of Directors, which
met after the Annual General Meeting, has appointed Ms Françoise
Bettencourt Meyers as Vice-President of the Board of Directors, Mr
Paul Bulcke is also Vice-President. She succeeds Mr Jean-Pierre
Meyers who has not wished to renew his tenure.
The results of the votes and the webcast of the
Annual General Meeting are available on the www.loreal-finance.com
website.
“This news release does not constitute an offer
to sell, or a solicitation of an offer to buy L'Oréal shares. If
you wish to obtain more comprehensive information about L'Oréal,
please refer to the public documents registered in France with the
Autorité des Marchés Financiers, also available in English on our
Internet site www.loreal-finance.com.This news release may contain
some forward-looking statements. Although the Company considers
that these statements are based on reasonable hypotheses at the
date of publication of this release, they are by their nature
subject to risks and uncertainties which could cause actual results
to differ materially from those indicated or projected in these
statements.”
L'ORÉAL CONTACTS
Individual Shareholders and Market Regulators
Christian MUNICH Tel.: +33 (0)1 47 56 72 06
christian.munich2@loreal.com
Financial Analysts and Institutional Investors
Françoise LAUVIN Tel.: +33 (0)1 47 56 86 82
francoise.lauvin@loreal.com
Media Domitille FAFIN Tel.: +33 (0)1 47 56 76
71 domitille.fafin@loreal.com
Switchboard: +33 (0)1 47 56 70 00
For further information, please contact your
bank, stockbroker or financial institution (I.S.I.N. code:
FR0000120321), and consult your usual newspapers or magazines or
the Internet site for shareholders and investors,
www.loreal-finance.com,the L’Oréal Finance app or call the
toll-free number from France: 0 800 66 66 66.
www.loreal-finance.com - Follow us on Twitter
@loreal
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