Veolia: Press Release in Respect of Regulated Information
02 Aprile 2020 - 12:57AM
Business Wire
Holding of the combined general meeting of shareholders of
April 22, 2020 / Availability and consultation of the preparatory
documents for this meeting
Regulatory News:
Due to the health measures imposed as part of the Covid-19
epidemic and in application of the emergency measures adopted by
the French government, the Board of Directors of Veolia
Environnement (Paris:VIE) decided today that the combined general
meeting of shareholders of the Company will be held on Wednesday,
April 22, 2020 at 3 p.m, at the administrative headquarters of
the Company (30, rue Madeleine Vionnet - 93300 Aubervilliers)
instead of la Maison de la Mutualité (24 rue Saint-Victor, in Paris
5ème) outside the physical presence of the shareholders.
The Board of Directors has also decided, taking into account the
exceptional circumstances, to make the following changes concerning
the draft resolutions submitted to the vote of this general
meeting.
- Concerning the 4th resolution (Allocation of the profit for
the 2019 financial year and payment of the dividend), in order
to preserve, in a spirit of shared solidarity, the interests of all
the stakeholders, the Board proposes to set the dividend for the
2019 financial year at 0.50 euros instead of 1 euro. The date of
ex-dividend from the share (May 12, 2020) and the date of payment
(from May 14, 2020) remain unchanged.
- With regard to the 12th resolution (Vote on the compensation
policy for the Chairman and Chief Executive Officer for the 2020
financial year - “Ex-ante vote”), by consistency with the
remuneration policy applicable to all of the group's executives,
the Board proposes to revise, as follows, its report on the
resolutions as well as that on corporate governance (describing the
elements of the 2020 compensation policy) concerning the only 2020
variable compensation of the Chairman and Chief Executive
Officer:
The determination of the variable
quantifiable financial portion would be determined based on
the achievement of the 2020 budgetary objectives which will be
reviewed by the Board when the first half financial statements are
approved.
Moreover, the Board of Directors, on the proposal of its
Remuneration Committee, has also decided that, under the 2021
remuneration policy, it will proceed, for all of its beneficiaries,
to the following revision of the conditions of the 2018 performance
share allocation plan (hereinafter the “Plan”) implemented on
May 2, 2018 (due date: May 2, 2021) and relating to the 2018,
2019 and 2020 financial years.
This Plan provided, as a performance condition, for an average
growth in current net income attributable to owners of the Company
per share of 10% per year (for the acquisition of the entire
envelope of performance shares allocated) recorded at the end of
Plan planned for 2021 compared to the 2017 accounts and based on
the results of the 2018, 2019 and 2020 financial years. If this
average increase is less than 5%, no performance shares would be
acquired. Between 5 and 10%, a proportionality rule is applied.
The Board of Directors has decided to modify this performance
objective by maintaining it for the 2018 and 2019 financial years
only with respect to the reference period and by reducing the
initial number of performance shares allocated by a third party in order to take into account the
“neutralization” of the 2020 financial year. The Plan's expiry date
remains unchanged (May 2, 2021).
In order to follow this general meeting, its full
retransmission will be provided on the Company's website
(www.veolia.com). The usual presentations, in particular on
activity, financial results and governance, will be maintained and
broadcast during this retransmission. Shareholders are invited to
consult the section dedicated to the general meeting on the website
www.veolia.com for any details concerning the methods of
broadcasting this general meeting.
It is reminded that shareholders can vote before this general
meeting, by correspondence or by internet via the secure voting
platform (VOTACCESS) or by giving a voting mandate to the Chairman.
They can also ask their written questions electronically,
under the legal conditions, via the dedicated email address
AGveoliaenvironment.ve@veolia.com, enclosing proof of their status
as shareholders so that their written questions can be taken into
account.
Shareholders are invited to consult the notice convening this
general meeting, which will be published in the French official
gazette “BALO” (Bulletin of mandatory legal announcements) on
Monday, April 6, 2020. It will specify in particular the main
methods of participation and voting at this Meeting. It supplements
the notice of meeting previously published in BALO on March 16,
2020. This notice of meeting and the brochure convening the meeting
include in particular the agenda, the draft resolutions and the
corresponding report of the board of directors on these
resolutions. These documents can be viewed on the Veolia website
(https://www.veolia.com/en/veolia-group
/finance/shareholders)
The information mentioned in articles R. 225-81 and R. 225-83 of
the French Commercial Code is included in the notice and
information brochure convening the meeting and in the 2019
Universal Registration Document, also available on the Veolia
website (www.veolia.com: Shareholders> General Meetings>
2020). The other documents and information concerning the general
meeting will be made available to shareholders, under the
conditions provided for by the regulations in force and may, if
necessary, be consulted on the Company's website.
...
Veolia group is the global leader in optimized resource
management. With nearly 179,000 employees worldwide, the Group
designs and provides water, waste and energy management solutions
which contribute to the sustainable development of communities and
industries. Through its three complementary business activities,
Veolia helps to develop access to resources, preserve available
resources, and to replenish them.
In 2019, the Veolia group supplied 98 million people with
drinking water and 67 million people with wastewater service,
produced nearly 45 million megawatt hours of energy and treated 50
million metric tons of waste. Veolia Environnement (listed on Paris
Euronext: VIE) recorded consolidated revenue of €27.189 billion in
2019 (USD 29.9 billion). www.veolia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200401005816/en/
Veolia Group Media Relations Laurent Obadia - Sandrine
Guendoul Tel.+ 33 1 85 57 42 16 sandrine.guendoul@veolia.com
Analysts & Investors Ronald Wasylec - Ariane de
Lamaze Tel. + 33 1 85 57 84 76 / 84 80
investor-relations@veolia.com
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