Paris, 23 may, 2017 The general Assembly of shareholders of Valeo took place today under the presidency of Jacques Aschenbroich, President and Chief Executive officer and approved all of the resolutions presented.
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It has approved the accounts for the year 2016 published on February 15, 2017 and decided the distribution of a dividend of 1.25 euros per share, up 25 % compared to last year. This dividend will be detached from the share on may 30, 2017, with a reference date of (record date) fixed to 31 may 2017. It will be put into payment as of June 1, 2017.
The directorships of C. Maury Devine, Mari-Noëlle Jégo-Laveissière and Véronique Weill have been renewed. The general Assembly has not carried out the replacement of Gérard Blanc and Sophie Dutordoir, who did not wish to seek renewal of their mandate, the number of members of the Board of directors was reduced to 12.
The general Assembly has approved the remuneration of 2016 officers representative social (” say on pay”), and the elements of the remuneration policy applicable to the Chairman and managing Director for 2017, as well as the renewal of the authorizations and delegations to the Board of directors to repurchase shares and to issue shares and/or securities.
It has also approved the statutory changes relating to the terms of appointment of directors representing employees.
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