ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS MEETING OF 16 MAY 2019: All the resolutions were adopted. The Board of Directors moved to renew the mandate of Jean-Bernard Lévy as Chairman and CEO
Results of the EDF Combined Shareholders’ Meeting
The EDF Combined Shareholders’ Meeting was held in Paris on 16 May 2019, and chaired by Jean-Bernard Lévy.
The shareholders present or represented hold 92,02% of EDF capital. They approved all the resolutions put forward by the Board of Directors, including:
- Payment of a dividend of €0.31 per share for ordinary dividend, and €0.341 per share for loyalty dividend.
Every shareholder can opt for payment of the balance of the dividend in shares. The period for exercising the option of payment in new shares runs from 24 May to 10 June 2019 inclusive. The ex-dividend date is set for 22 May 2019. The balance of the dividend will be paid in cash or shares as from 18 June 2019.
- Certain financial authorisations for the share repurchase program and increased share capital for saving plan participants.
Renewal of the Board of Directors
The General Meeting deliberated on appointment and renewal of the directors and staggered renewal of the Board and approved the following resolutions:
- Renewal of the mandate of director of Jean-Bernard Lévy for four years;
- Appointment of Anne Rigail, Bruno Crémel, Gilles Denoyel and Philippe Petitcolin as directors for four years;
- Renewal of the mandate of director of Marie-Christine Lepetit, Colette Lewiner, Laurence Parisot, Michèle Rousseau and Maurice Gourdault-Montagne for two years.
The EDF Board of Directors is now composed of 50% of women and 41.7% of qualified independent directors in application of the criteria set forth in the AFEP-MEDEF code.
The complete results of the votes, presentations and retransmission of the entire Combined Shareholders’ Meeting are provided on the EDF website at www.edf.fr/agm.
Resolution by the Board of Directors to renew the mandate of Jean-Bernard Lévy as EDF Chairman and CEO
In application of Article 19 of the Ordinance N°2014-948 of 20 August 2014 relating to the governance and capital transactions on the share capital of companies in which the State holds an interest and Article 13 of the French Constitution, the EDF Chairman is appointed amongst the members of the Board of Directors and proposed by the Board, by Decree of the President of the Republic of France, after examination of the candidate by the competent committees of the National Assembly and the Senate.
The economic affairs committees of the National Assembly and the Senate interviewed Jean-Bernard Lévy on 30 April and 2 May and approved his appointment to the office of Chairman and CEO of EDF.
The EDF Board of Directors meeting was held on the same day after the General Meeting and decided to propose the appointment of Mr Lévy as Chairman and CEO to the President of the Republic.
Pending publication of the Decree of the President of the Republic, the Minister for the Economy appointed Jean-Bernard Lévy as acting EDF Chairman and CEO (“Président par interim”), as from 16 May 2019, in application of Article 21 of the Ordinance of 20 August 2014.
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