LafargeHolcim: Shareholders Support All Proposals at 2021 Annual General Meeting
04 Maggio 2021 - 11:30AM
Business Wire
Regulatory News:
LafargeHolcim (Paris:LHN) shareholders approved all of the Board
of Directors’ proposals at the Annual General Meeting that took
place in Zug today.
Due to health and safety concerns and in line with the current
rules of the Swiss authorities, shareholders could not attend the
meeting in person. All legal proceedings were carried out as
required. Shareholders were able to exercise their voting rights
through the independent proxy Dr. Sabine Burkhalter Kaimakliotis of
Voser Attorneys at Law, who represented 367,478,010 nominal shares
resulting in 59.66% of the share capital of the company.
Beat Hess, Chairman of the Board: “It is with great regret that
we were unable to meet in person at this year’s Annual General
Meeting due to the pandemic. I am very proud of the resilience
demonstrated by LafargeHolcim throughout the crisis. Our management
and employees have shown their true colors with brilliance, keeping
our people and business safe, while standing by our communities. I
would like to thank all of our shareholders for their continued
trust and confidence and look forward to meeting in person next
year.”
Shareholders confirmed the proposed distribution of a dividend
of CHF 2.00 per registered share of LafargeHolcim Ltd from the
capital contribution reserves.
The Annual General Meeting confirmed Beat Hess as Chairman of
the company’s Board of Directors. All members of the Board standing
for re-election have been confirmed in office and Jan Jenisch has
been elected as a new member. Oscar Fanjul did not stand for
re-election as he decided to step down from the Board. On behalf of
the Board of Directors, the Chairman thanked Oscar Fanjul for his
invaluable contributions since joining the Board of LafargeHolcim
in 2015. He played an instrumental role in the successful merger of
Lafarge and Holcim, and in making it the global leader in building
materials and solutions that it is today.
The members of the Board of Directors are now as follows: Beat
Hess (Chairman), Dieter Spälti (Vice Chairman), Philippe Block, Kim
Fausing, Colin Hall, Jan Jenisch, Naina Lal Kidwai, Patrick Kron,
Adrian Loader, Jürg Oleas, Claudia Sender Ramirez and Hanne
Birgitte Breinbjerg Sørensen.
Shareholders also confirmed the following members of the
Nomination, Compensation & Governance Committee: Colin Hall,
Adrian Loader, Claudia Sender Ramirez and Hanne Birgitte Breinbjerg
Sørensen; and elected Dieter Spälti as a new member. Ms. Sørensen
will serve as Chair.
As the company transforms to become the global leader in
innovative and sustainable building solutions, the Board of
Directors recommended to simplify its Group name for efficiency and
impact. Shareholders voted in favor of the proposed Group name
change from LafargeHolcim Ltd to Holcim Ltd. This name change
applies only to the Group company name with all market brands
remaining in existence. The new Group name will become effective
upon entry in the commercial register.
Shareholders also approved the move of the company’s registered
office from Jona-Rapperswil to Zug, Switzerland, completing the
company’s restructuring of its office locations.
Shareholders approved the annual report and annual financial
statements of the Group and of LafargeHolcim Ltd. They also
approved the compensation report in an advisory vote. In two
separate binding votes shareholders approved the maximum overall
amount of compensation to be paid to members of the Board for the
period between the 2021 and 2022 Annual General Meetings. In
addition, they approved the total maximum amount of compensation to
be paid to members of the Executive Committee for the 2022
financial year.
The Board of Directors also reaffirmed its commitment to publish
the company’s first climate transition report in 2022. It will
follow the completion of the company’s work with the Science-based
Targets initiative, consistent with LafargeHolcim’s rigorous
approach to climate action. The climate transition report will be
submitted to shareholders for a non-binding vote in 2022.
The shareholders granted discharge to the members of the Board
and the persons entrusted with management during the financial year
2020.
Deloitte AG has been appointed as auditors for the financial
year 2021.
The full results of the Annual General Meeting and speeches from
the Chairman and CEO will be available as of today on
www.lafargeholcim.com/agm.
ABOUT LAFARGEHOLCIM
As the world’s global leader in building solutions,
LafargeHolcim is reinventing how the world builds to make it
greener and smarter for all. On its way to becoming a net zero
company, LafargeHolcim offers global solutions such as ECOPact,
enabling carbon-neutral construction and Firestone roofing systems
for higher energy-efficiency in buildings. With its circular
business model, the company is a global leader in recycling waste
as a source of energy and raw materials through products like
Susteno, its leading circular cement. Innovation and digitalization
are at the core of the company’s strategy, with more than half of
its R&D projects dedicated to greener solutions.
LafargeHolcim’s 70,000 employees are committed to improving quality
of life across more than 70 markets through its four business
segments: Cement, Ready-Mix Concrete, Aggregates and Solutions
& Products. More information is available on
www.lafargeholcim.com
Important disclaimer – forward-looking statements:
This document contains forward-looking statements. Such
forward-looking statements do not constitute forecasts regarding
results or any other performance indicator, but rather trends or
targets, as the case may be, including with respect to plans,
initiatives, events, products, solutions and services, their
development and potential. Although LafargeHolcim believes that the
expectations reflected in such forward-looking statements are based
on reasonable assumptions as at the time of publishing this
document, investors are cautioned that these statements are not
guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are difficult to
predict and generally beyond the control of LafargeHolcim,
including but not limited to the risks described in the
LafargeHolcim's annual report available on its website
(www.lafargeholcim.com) and uncertainties related to the market
conditions and the implementation of our plans. Accordingly, we
caution you against relying on forward-looking statements.
LafargeHolcim does not undertake to provide updates of these
forward-looking statements.
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