Technicolor: Combined General Shareholders’ Meeting held on Wednesday May 12, 2021
12 Maggio 2021 - 5:35PM
Press Release
Combined
General Shareholders’
Meetingheld on Wednesday May 12, 2021
Paris (France), May 12, 2021
– Technicolor (Euronext Paris: TCH, OTCQX: TCLRY)
announces that the Combined General Shareholders’ Meeting of
Technicolor SA, chaired by Ms. Anne Bouverot, Chairperson of the
Board of Directors, was held today behind closed doors at the
registered office of the Company.
The Shareholders’ Meeting being held behind
closed doors, the entire vote was conducted by mail.
Considering all postal votes and proxies given
to the Chairperson of the General Meeting, it appears that the
shareholders represented or voting by post held 116,474,688 shares
with voting rights, i.e. a quorum of 49.39% for the Combined
General Shareholders’ Meeting.
All the resolutions proposed were approved by a
large majority. The detailed voting results are available on
Technicolor’s website www.technicolor.com under the heading
dedicated to the Shareholders’ Meeting.
In particular, the Shareholders’ Meeting:
- approved the statutory and the
consolidated financial statements for the fiscal year 2020 as well
as the proposed allocation of the net result,
- approved the related-party
agreements mentioned in the Statutory Auditors’ special
report,
- renewed the term of office of Ms.
Melinda J. Mount and of Bpifrance Participations,
- reappointed Mr. Richard Moat, Chief
Executive Officer, as a Director,
- approved the compensation policy of
the directors, of the Chairperson of the Board of Directors, and of
the Chief Executive Officer as well as the components of their
compensation for the year 2020,
- authorized the potential carrying
out of a new share buyback program,
- approved the proposed amendments to
the Company’s bylaws.
However, because the Company was informed on May
10, 2021 by Mr. Luigi Rizzo of the withdrawal of his application to
the position of director due to his acceptance of a new position,
proposed resolution No. 8 concerning his appointment has become
devoid of purpose. Votes on this draft resolution, cast prior to
the General Meeting in accordance with the provisions of Ordinance
No. 2020-321 of March 25, 2020 as amended, were therefore not be
taken into account.
At the close of the Shareholders’ Meeting, the
Board of Directors is composed of 11 directors, with one additional
Director in the person of Mr. Richard Moat, Chief Executive
Officer.
In addition, on the recommendation of the
Nominations & Governance Committee, the Board of Directors has
slightly modified the composition of certain Committees in light of
the latest changes in employee directorships.
On the proposal of the Nominations &
Governance Committee, the Board of Directors also decided to extend
the scope of this Committee to social responsibility and to change
its name accordingly.
The entire broadcast of the
Shareholders’ Meeting is available on
www.technicolor.com/investor-center/shareholders-meeting.
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About
Technicolorwww.technicolor.com
Technicolor shares are admitted to
trading on the regulated market of Euronext Paris (TCH) and are
tradable in the form of American Depositary Receipts (ADR) in the
United States on the OTCQX market (TCLRY).
Investor Relations
Christophe le Mignan: +33 1 88 24 32
83christophe.lemignan@technicolor.com
- 20210512 - Press Release - Combined General Shareholder'
Meeting on May 12 2021