Orange Belgium confirms the holding of its General Meeting on May 6, 2020 and recommends to review the proposed dividend
23 Aprile 2020 - 7:08AM
Orange Belgium confirms the holding of its General Meeting on May
6, 2020 and recommends to review the proposed dividend
Press releaseBrussels, 23rd April 2020 Regulated
information
Orange Belgium confirms the holding of
its General Meeting on May 6, 2020 and recommends to review the
proposed dividend
1. The board of directors believes that, given
the uncertainties generated by the Covid-19 pandemic, it is prudent
and in the interest of the company to reduce the amount of profits
to be distributed to shareholders compared to the proposal made by
the board of directors as set out in the annual accounts. The board
of directors therefore proposes to reduce the dividend for the year
2019 from €0.60 per share to €0.50 per share (the same amount per
share as the dividend paid for the year 2018). The payment date
remains unchanged at May 14, 2020.
In this respect, the board of directors would
like to point out that it is the responsibility of the General
Meeting to determine the allocation of the results and that the
General Meeting has the right to amend the allocation of the
results as set out in the annual accounts submitted for its
approval by the board of directors. Shareholders wishing to make
use of this right are therefore invited to take the initiative to
amend the postal voting form or the proxy form themselves in order
to indicate that they wish to amend the appropriation of profits
and reduce the amount of the dividend to 0.50 euro per share
instead of 0.60 euro per share.
The board of directors has been informed that
the majority shareholder of the company (Atlas Services Belgium,
which holds 52.91% of the shares and voting rights) intends to make
use of this right and to vote accordingly.
2. The board of directors has, in accordance
with Royal Decree no. 4 of 9 April 2020 on various provisions
relating to co-ownership and company and association law in the
context of the fight against the Covid-19 pandemic, taken the
following decisions.
The General Meeting (Ordinary, Extraordinary and
Special) of 6 May 2020 will be held and shareholders will be able
to exercise their rights exclusively in the following manner:
1° by voting remotely before the general meeting
by mail; and
(2) by giving a proxy before the general meeting
to the chairman of the meeting containing specific and binding
voting instructions for each item on the agenda requiring a
vote.
The board of directors shall refer to the
company's website where the relevant forms are published. These
documents must be correctly and completely filled in and signed and
must reach the company at the latest on the fourth day before the
date of the general meeting.
In view of the measures to combat the spread of
the Covid-19 pandemic, the board of directors prohibits any
physical presence of shareholders (and their proxies - with the
exception of the Chairman of the meeting acting as proxy, as
mentioned above).
All questions must be put in writing and this at
the latest on the fourth day preceding the date of the general
meeting. The board of directors (or the statutory auditor) shall
answer such questions in writing no later than the day of the
general meeting but before the vote. The answers to any written
questions will be published on the company's website.
In accordance with the law, this decision will
be published by means of a press release and on the company's
website at the latest on the sixth day before the date of the
general meeting.
About Orange BelgiumOrange Belgium is a leading
telecommunications operator on the Belgian market with over 3
million customers; Orange is also active in Luxembourg through its
subsidiary Orange Communications Luxembourg.As a convergent actor,
we provide mobile telecommunications services, internet and TV to
private clients as well as innovative mobile and fixed-line
services to businesses. Our high-performance mobile network
supports 2G, 3G, 4G and 4G+ technology and is the subject of
ongoing investment. Orange Belgium is a subsidiary of the Orange
Group, one of the leading European and African operators for mobile
telephony and internet access, as well as one of the world leaders
in telecommunications services for enterprises.Orange Belgium is
listed on the Brussels Stock Exchange (OBEL). More information on:
corporate.orange.be, www.orange.be or follow us on Twitter:
@pressOrangeBe.
Investors
contact Ana Castaño Lopez
ana.castanolopez@orange.com
+32 468 46 95
31Koen Van Mol
koen.vanmol@orange.com
+32 495 55 14 99ir@orange.be
Press
contactYounes Al Bouchouari –
younes.albouchouari@orange.com +32 477 69 87 73Annelore
Marynissen – Annelore.marynissen@orange.com - +32 479 016
058press@orange.be
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