VALLOUREC : Shareholders' Meeting, 12 May 2017
(Thomson Reuters ONE) -
Vallourec Shareholders' Meeting, 12 May 2017
* Adoption of all resolutions
* Appointment of Mr.Yuki Iriyama as new member of the Supervisory Board
* Amendment of bylaws to enable the Group Works Council to appoint an employee
representative on the Supervisory Board
Boulogne-Billancourt (France), 12 May 2017 - Vallourec, world leader in premium
tubular solutions, has announced that the combined annual Shareholders' Meeting
held today, chaired by Ms. Vivienne Cox with a quorum of 62.90% adopted all the
resolutions put to the vote.
The Shareholders' Meeting approved the appointment of Mr. Yuki Iriyama as member
of the Supervisory Board for a period of four years ending after the Ordinary
General Meeting of Shareholders called to approve the accounts of the financial
year ending 31 December 2020.
The Supervisory Board consists of 12 members, of whom 5 are women. The
proportion of independent members amounts to 83%.
The Shareholders' Meeting adopted the proposed bylaws amendment in relation to
the composition of the Supervisory Board and enabling the Group Works Council to
appoint an employee representative on the Supervisory Board. The latter will be
appointed within six months of the Shareholders' Meeting held on 12 May 2017.
The Shareholders' Meeting also approved the two resolutions relating to the
compensation of the Management Board in 2016 (« Say on Pay ») as well as the
resolutions relating to the principles and criteria for determining,
distributing and allocating the fixed, variable and exceptional items comprising
the total compensation, and benefits of any kind attributable to the Chairman of
the Management Board, the members of the Management Board, the Chairman of the
Supervisory Board and the members of the Supervisory Board due to their offices,
and constituting the compensation policy for them in fiscal year 2017.
Finally, the Shareholders' Meeting approved the financial statements of 2016 and
decided not to pay a dividend in respect of the 2016 results.
The webcast of the Shareholders' Meeting held on 12 May 2017 and the results of
voting on all resolutions submitted to shareholders will be available on
Vallourec's website in the coming days: www.vallourec.com
Mr. Yuki Iriyama
A Japan national born on 19 November 1947, Mr Yuki Iriyama graduated from the
University of Tokyo (Faculty of Law, 1970) and College of Europe at Bruges in
Belgium (Advanced European Study in Law, 1977). He began his career in 1970 in
the legal department of Nippon Steel Corporation (currently Nippon Steel &
Sumitomo Metal Corporation - NSSMC) and assumed different operational and
managerial positions in Japan and internationally for NSSMC until 2009. He
managed the Electronics & Information Business Division from 1990 to 1993 and
then became General Manager of Overseas Business Development Division. He was
appointed Director, Member of the Board in 2002 and Managing Executive Officer
in 2006. Then, he assisted NSSMC as Executive Advisor until 2014. Mr Yuki
Iriyama is admitted in Japan as an attorney-at-law and is currently Of Counsel
of Kajitani Law Offices in Tokyo.
About Vallourec
Vallourec is a world leader in premium tubular solutions for the energy markets
and for demanding industrial applications such as oil & gas wells in harsh
environments, new generation power plants, challenging architectural projects,
and high-performance mechanical equipment. Vallourec's pioneering spirit and
cutting edge R&D open new technological frontiers. With close to 19,000
dedicated and passionate employees in more than 20 countries, Vallourec works
hand-in-hand with its customers to offer more than just tubes: Vallourec
delivers innovative, safe, competitive and smart tubular solutions, to make
every project possible.
Listed on Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible
for the Deferred Settlement System (SRD), Vallourec is included in the following
indices: SBF 120 and Next 150.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).
Parity between ADR and a Vallourec ordinary share has been set at 5:1.
www.vallourec.com
Follow us on Twitter (at)Vallourec
Calendar
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26 July 2017 Release of second quarter and first half 2017 results
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For further information, please contact:
Investor relations Press relations
Etienne Bertrand Héloïse Rothenbühler
Tel: +33 (0)1 49 09 35 58 Tel: +33 (0)1 41 03 77 50 / +33 (0)6
etienne.bertrand(at)vallourec.com 45 45 19 67
heloise.rothenbuhler(at)vallourec.com
Guilherme Camara Individual shareholders
Tel: +33 (0)1 49 09 39 92 Toll Free Number (from France): 0 800 505 110
guilherme.camara(at)vallourec.com actionnaires(at)vallourec.com
PDF version:
http://hugin.info/143606/R/2104418/798528.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VALLOUREC via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2017 - 14:30 Uhr
Sprache: Deutsch
News-ID 542215
Anzahl Zeichen: 6351
contact information:
Town:
BOULOGNE BILLANCOURT CEDEX
Kategorie:
Business News
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