Faurecia's General Meeting: first General Meeting since the change in shareholding structure, all resolutions adopted includi...
31 Mai 2021 - 05:45PM
Faurecia's General Meeting: first General Meeting since the change
in shareholding structure, all resolutions adopted including the
payment of a dividend of €1
Nanterre (France), May 31, 2021
FAURECIA’S GENERAL
MEETINGFIRST GENERAL MEETING
SINCE THE CHANGE IN
SHAREHOLDING STRUCTUREALL RESOLUTIONS
ADOPTED, INCLUDING THE PAYMENT OF A DIVIDEND OF €1
Faurecia’s General Meeting was held today behind
closed doors under the chairmanship of Michel de Rosen; all
resolutions were adopted.
This General Meeting is the first meeting of
Faurecia’s shareholders since the significant expansion of its
shareholding base, resulting from PSA/Stellantis’ distribution to
its shareholders of the stake it had previously held in
Faurecia.
Composition of the Board of
Directors
Shareholders adopted the following
resolutions:
- Ratification of the cooptation of
Jean-Bernard Lévy as Board Member,
- Renewal of the following Board
Members’ corporate office for four years: Penelope Herscher,
Valérie Landon and Patrick Koller, Chief Executive Officer of
Faurecia,
- Appointment of Peugeot 1810, the
Peugeot family's vehicle dedicated to managing automotive
investments, with Robert Peugeot as permanent representative, for
the same duration.
Following this meeting, Faurecia’s Board of
Directors is comprised of 13 members, of whom 82% are independent
members, 46% are women and two are Board members representing
employees. Information on the composition of the Board of Directors
and the Board of Directors’ Specialized Committees is available on
www.faurecia.com
Approval of the dividend of
€1 to be paid on June 7,
2021
Shareholders also approved the distribution of a
gross dividend of €1.00 per share, to be paid in cash. The
ex-coupon date will be June 3, 2021 (with a record date on June 4,
2021) and the dividend will be paid on June 7, 2021.The decision to
resume dividend payment in 2021 reflects Faurecia’s confidence in
its profitable growth and cash generation prospects. It also
reflects the Group’s strategy to resume a sustainable and
progressive dividend payment path in line with its historic
practices, and offer a fair and attractive remuneration to its
shareholders.
New
Perspectives following the change
in shareholding structure
During this General Meeting, Patrick Koller,
Chief Executive Officer, and Michel Favre, Chief Financial Officer,
commented on the 2020 results and presented shareholders with the
Group’s new perspectives, focused on four main priorities:
electrification, the circular economy, electronic architecture and
ESG issues. Objectives and ambitions in terms of revenue,
profitability, and cash generation for 2022 and 2025 were also
detailed.
Michel de Rosen, Chairman of the Board
of Directors of Faurecia, stated: “This first General
Meeting as an independent company marks an important step for the
Group. I would like to thank all our shareholders, including the
many who have joined us since the distribution of shares held by
PSA/Stellantis, for their support, which was expressed today in the
adoption of all our resolutions. This vote of confidence
reaffirms the Company’s focus on value creation from its Cockpit of
the Future and Sustainable Mobility strategies.”
The full broadcast of the meeting, the presentation
shown and the results of votes on the resolutions are available on
Faurecia's website:
https://www.faurecia.com/en/investors/shareholders/shareholders-meetings
Upcoming events:
- July 26, 2021: announcement of H1
results (before market hours)
- October 26, 2021: announcement of
Q3 2020 sales (before market hours)
Press contact |
Analysts/Investors contact |
Eric Fohlen-WeillDirector of Corporate CommunicationTel.: +33 (0)1
72 36 72 58eric.fohlen-weill@faurecia.com |
Marc MailletDirector of Investor RelationsTel.: +33 (0)1 72 36 75
70marc.maillet@faurecia.com |
About FaureciaFounded in 1997,
Faurecia has grown to become a major player in the global
automotive industry. With 266 industrial sites, 39 R&D centres
and 114,000 employees in 35 countries, Faurecia is a global leader
in its four areas of business: seating, interiors, Clarion
Electronics and clean mobility. The Group’s strong technological
offering provides carmakers with solutions for the cockpit of the
future and sustainable mobility. In 2020, the Group reported total
turnover of €14.7 billion. Faurecia is listed on the Euronext Paris
market and is a component of the CAC Next 20 index. Find out more
at: www.faurecia.com
- Faurecia - General Meeting May 31 2021 - EN
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