ABC arbitrage : Report on the 2016 General Meeting
(Thomson Reuters ONE) -
The ABC arbitrage Annual General Meeting was held on May 27, 2016. During the
meeting, which was chaired by Dominique Ceolin, Chairman and Chief Executive
Officer, the shareholders adopted all the ordinary and extraordinary resolutions
put to the vote.
The meeting provided an opportunity to present to shareholders the drivers of
2015 net income. The Group confirmed the correlation of its business lines to
general market volatility. The first five months of 2016 illustrated this, with
business volumes that were significantly higher than in the first half of 2015.
In addition, the Group reaffirmed its commitment to investing in research and
development, in particular by hiring more staff and developing its IT systems.
After approving the financial statements, shareholders voted to pay a final
dividend of ?0.20 per share. Taking into account the 0.20? per share interim
distribution in December 2015, the total distribution for FY 2015 amounts to
?0.40 per share. At the Board of Directors meeting held immediately after the
Annual General Meeting, it was decided to set the reinvestment price at ?5.70
for shares issued to shareholders who choose to reinvest all or part of their
dividends. The dividend timeline is as follows:
- Ex-dividend date: July 1, 2016,
- Deadline for exercising the dividend reinvestment option: close of business on
July 12, 2016,
- Payment of cash dividends and delivery of stock dividends: July 20, 2016.
Shareholders re-elected Didier Ribadeau Dumas and Aubépar Industries SE as
directors, for a period of four years. They also elected Muriel Vidémont
Delaborde as an independent director, for an equivalent term of four years. Ms.
Vidémont Delaborde is currently Vice-President, Controlling & Financial Steering
at Allianz France. The Board of Directors of ABC arbitrage is now comprised of
seven directors (of whom five are independent), as well as one non-voting
director and one Board secretary.
All of this information can be found on the Group's new corporate website,
www.abc-arbitrage.com. Designed to be the main channel for communicating with
shareholders and future employees, the new site will be regularly updated to
evolve in step with the Group's needs and day-to-day operations.
ABC arbitrage : Report on the 2016 General Meeting:
http://hugin.info/143349/R/2016276/747743.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ABC arbitrage via GlobeNewswire
[HUG#2016276]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2016 - 18:01 Uhr
Sprache: Deutsch
News-ID 474158
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