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DOCUMENTS SPECIFIC TO THE SHAREHOLDERS’ GENERAL MEETING
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LISI 2015 FINANCIAL REPORT
7
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DRAFT RESOLUTIONS
ORDINARY GENERAL MEETING OF APRIL 27, 2016
AGENDA
–– Review and approval of the annual financial statements for
the period ended December 31, 2015;
–– Approval of consolidated financial statements for the
period ended December 31, 2015;
–– Approval of the conventions covered by Articles L. 225-38 et
seq. of the French Commercial Code;
–– Discharge to the Directors and Auditors;
–– Appropriation of earnings;
–– Determination of directors’ fees;
–– Opinion regarding the remuneration paid to the Chairman
and CEO for the year ended December 31, 2015;
–– Opinion regarding the remuneration paid to the Vice-
Chairman and Deputy Chief Executive Officer for the year
ended December 31, 2015;
–– Authorization for the Company to repurchase its own
shares;
–– Powers;
–– Miscellaneous questions.
DRAFT RESOLUTIONS
First resolution – Approval of corporate financial statements
Having listened to the reading of the Board of Directors’ report
and the Auditors’ general report, the Shareholders’ General
Meeting approves the annual financial statements established
as at December 31, 2015, as they are presented, with profits
of €30,037,487, as well as the transactions described in these
financial statements that are summarized in these reports.
In particular, the Shareholders’ General Meeting approves
the spending carried out over the last year in relation to the
transactions covered by Article 39-4 of the French General Tax
Code, which amounts to a total of €24,563.
Second resolution – Approval of consolidated financial statements
Having listened to the reading of Board of Directors’ report
and the Auditors’ general report, the Shareholders’ General
Meeting approves, as they are presented, the consolidated
financial statements set out in accordance with Article L. 233-16
et seq. of the French Commercial Code as at December 31, 2015,
showing profits of €81,764,220.
Third Resolution - Approval of the conventions covered by Article
L. 225-38 of the French Commercial Code
Having listened to the reading of the Auditors’ special report
on the conventions covered by Articles L. 225-38 of the
French Commercial Code, the Shareholders’ General Meeting
approves the sections indicated in this report.
Fourth resolution - Discharge to the Directors
The Shareholders’ General Meeting gives full discharge to the
Directors for their work for the financial year 2015, and to the
Auditors for their term of office.
Fifth resolution – Earnings appropriation
Acting on the proposal of the Board of Directors, the
Shareholders’ General Meeting has decided to allocate last
year’s profits as follows:
profits for the financial year of
€30,037,487
plus retained earnings in the amount of
€68,452,749
To give a total of
€98,490,236
constituting the distributable profit, which the Board of
Directors proposes to allocate as follows:
to the legal reserve
€3,656
as dividends to shareholders
€0.39
per share,
i.e. a total of to be paid on May 9, 2016
€21,069,311
remainder to be carried forward, for a total of
€77,417,269
it being understood that this amount will be
increased by the sum of the dividends payable
on the shares owned by the Company as of the
ex-dividend date.
The dividend for each share amounts to €0.39. The portion
of the dividend eligible for a tax rebate of 40% under Article
158-3-2° of the French General Tax Code is €0.39.
In addition, the Shareholders’ General Meeting acknowledges
that it has been apprised that the dividend payouts per share
for the last three years were as follows: