LafargeHolcim to Propose Dividend, New Board Members at AGM
April 17 2020 - 1:36AM
Dow Jones News
By Mauro Orru
LafargeHolcim Ltd. said Friday that it would propose a dividend
as well as the appointment of two new members to the board of
directors at its annual general meeting on May 12.
The Swiss cement maker said it would put forward a proposal for
a dividend of 2 Swiss francs ($2.06) per registered share paid from
foreign capital contribution reserves and not subject to Swiss
withholding tax.
Shareholders will also vote on compensation, the company
said.
LafargeHolcim will propose the appointment of Philippe Block and
Kim Fausing as new members to the board of directors in light of
Paul Desmarais's departure.
The company said all other members would stand for re-election
at the meeting, which will be held by independent proxy to
represent shareholders given the coronavirus pandemic.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 17, 2020 01:21 ET (05:21 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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