LISI GROUP - Financial report 2014 - page 152

Documents specifictotheAnnualGeneralMeeting 8
152 I LISI 2014FINANCIALREPORT
is representsdistributableprofit,which theBoardofDirectorsproposes
shouldbedistributedas follows:
asdividends toshareholders
asumof€0.37per share,
for the totalof
payableonMay7,2015
€19,988,834
the remainder to the retainedearningsaccount,
for the totalof
€67,931,303
itbeingunderstood that thisamountwillbe increased
by thesumof thedividendspayableon theshares
ownedby theCompanyasof theex-dividenddate.
Thedividend foreach shareamounts to€0.37. Thevalueof thedividend
eligible for 40% deduction, as covered by article 158-3-2° of the French
GeneralTaxCode, is€0.37.
Inaddition, theShareholders’GeneralMeetingacknowledges that ithas
been apprised that the dividend payouts per share for the last 3 years
wereas follows:
Financial year
ending
Dividendpaideligible
for the40%abatement
For information:dividend
per shareafter stocksplit
December31,2011 €1.30 €0.26
December31,2012 €1.40 €0.28
December31,2013 €1.70 €0.34
6th resolution-Reappointmentofadirector
TheGeneralMeeting renews the appointment asDirector ofMr. Gilles
KohlerforaperiodoffouryearsthatwillendattheShareholders’General
Meeting that will approve the financial statements for the year ended
December31,2018.
7th resolution-Reappointmentofadirector
TheGeneralMeeting renews theappointment asDirectorofMr. Patrick
Daher foraperiodof fouryearsthatwillendattheShareholders’General
Meeting that will approve the financial statements for the year ended
December31,2018.
8th resolution-Reappointmentofadirector
The General Meeting renews the appointment as Director of Société
VIELLARDMIGEON et COMPAGNIE, whose permanent representative
is M. Cyrille Viellard, for a period of four years that will end at the
Shareholders’GeneralMeetingthatwillapprovethefinancialstatements
fortheyearendedDecember31,2018.
9th resolution-Reappointmentofadirector
TheGeneralMeetingrenewstheappointmentasDirectorofSociétéCIKO,
whosepermanentrepresentative isM.Jean-PhilippeKohler,foraperiod
of four years thatwill endat theShareholders’GeneralMeeting thatwill
approvethe financialstatements fortheyearendedDecember31,2018.
10th resolution-Determinationofdirectors’ fees
TheGeneralMeetingdetermines theannual amountofattendance fees
tobedividedamongthedirectorstothesumof€300,000.
Thisamountwill remain ineffectasof theyear2015anduntilotherwise
determinedbytheGeneralMeeting.
11th resolution - Opinion regarding the compensationpaid to theChairman
andCEOfortheyearendedDecember31,2014
The General Meeting, consulted under the recommendation of §24.3
of the AFEP-MEDEF corporate governance code, which constitutes
the Company's code of reference referred to in Article L225-37 of the
CommercialCode,issuesafavorableopinionregardingthecompensation
dueorawardedfortheyearendedDecember31,2014toMr.GillesKohler,
ChairmanandChiefExecutiveOfficer,aspresented intheAnnualReport.
12th resolution-OpinionregardingthecompensationpaidtotheDeputyChief
ExecutiveOfficerfortheyearendedDecember31,2014
The General Meeting, consulted under the recommendation of §24.3
of the AFEP-MEDEF corporate governance code, which constitutes
the Company's code of reference referred to in Article L225-37 of the
CommercialCode,issuesafavorableopinionregardingthecompensation
dueorawarded for theyearendedDecember 31, 2014 toMr. Emmanuel
Viellard, Deputy Chief Executive Officer, as presented in the Annual
Report.
13th resolution–Sharerepurchaseprogram
Having listened to the reading of the Board of Directors’ report
and reviewed the data contained in the program description, the
Shareholders’GeneralMeeting:
■■cancelsthepurchaseauthorizationgivenonApril24,2014;
■■gives its authorization, in accordancewithArticles L225-209 et seq. of
theFrenchCommercialCode, to theBoardofDirectors, toproceed,by
whatevermeans itdeemsappropriate,totherepurchaseofownshares,
representingup to 10%of the company’s share capital, corresponding
to 5,402,387 shares, except for the acquisition of sharesmeant to be
retained and the delivery of shares to be used as consideration or
payment for external growthoperationswhose totalwill be limited to
5%ofthesharecapitalor2,701,193shares;