AGM Information • Dec 12, 2014
AGM Information
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Vilmorin & Cie SA
approval.
Public limited company with Board of Directors, with a capital of 288 833 642.75 Euros Head Office: 4, Quai de la Mégisserie – F-75001 PARIS SIREN Paris 377 913 728 Fiscal year from July 1st to June 30th Euronext Paris (Compartment A) – Eligible for Deferred Settlement Order Indices: CAC Mid & Small, CAC All-Tradable, CAC All Share
December 12, 2014
The Joint Annual General Meeting of shareholders of Vilmorin & Cie met on Wednesday December 10, 2014 in Paris, under the chairmanship of Philippe AYMARD. Almost 250 shareholders had the opportunity to share their thoughts on the strategy and outlook of the company, and to express themselves on the resolutions presented for their
Vilmorin & Cie's Joint Annual General Meeting approved the financial statements for fiscal year 2013-2014, which once again posted sustained business growth. Up by nearly 5% with comparable data compared with the previous fiscal year, Vilmorin & Cie's sales thus crossed the threshold of 1.5 billion Euros in 2013-2014.
Net consolidated income came to 88 million Euros. Down notably (-17% compared to 2012-2013) because of the strong impact of negative variations in currency exchange rates, it nevertheless remains at a high level. The net consolidated income is indeed the second highest achievement since Vilmorin & Cie entered the Paris stock market in 1993.
The General Meeting fixed the net amount of dividend per share at 1.65 Euros. Stable in nominal value, it corresponds to a much higher distribution rate, standing at 37.2%, as opposed to 31.5% in 2013. Dividends will be detached on December 16, 2014, with payment on December 18, 2014.
Vilmorin & Cie confirmed its objectives for an increase in sales and operating margin for fiscal year 2014-2015. These objectives are based on an increase of more than 4% in consolidated sales, on a like-for-like basis and after taking the impact of the application of the standard IFRS 11 into account, and on a current operating margin of 10%, taking into account a research investment estimated to be more than 215 million Euros in gross value.
All the resolutions submitted to the vote of the Shareholders were approved, with the exception of the twenty-second resolution, which proposed delegation to the Board of Directors with a view to
proceeding with one or several increases in capital stock reserved for employees, as the employees already benefit from other forms of profit-sharing in the results.
In particular, the General Meeting approved, with 99.9% of the votes, the twenty-third resolution delegating the powers necessary to the Board of Directors with a view to the free allocation of shares to the Shareholders. This operation should be conducted at the beginning of 2015.
The General Meeting appointed Ms. Mary DUPONT-MADINIER as Board Director for a period of three years.
A French/American national, Mary DUPONT-MADINIER has over 30 years' experience in senior roles in international business development and operations, in the United States, France and the United Kingdom (Thales, Cable & Wireless, EDS) managing innovative and transformational initiatives. Today, Mary DUPONT-MADINIER is a Partner with VALTUS in Paris, experts in international interim executive management. She is also a Non-Executive Board Director with IPSOS SA since 2013.
its introduction to the Paris stock market in 1993, Vilmorin & Cie has done its utmost to be as precise, reliable and transparent as possible on its strategy and development perspectives, acting on the expectations of its different investor categories.
These prizes are just reward for our permanent concern to maintain privileged relations with our shareholders, who are faithful and committed to long-term support."
You can consult a presentation of the Annual General Meeting and detailed results on the votes of the resolutions on www.vilmorin.info
Tuesday December 16, 2014: detachment of the dividends
Thursday December 18, 2014: payment of the dividends
Wednesday February 18, 2015*: disclosure of sales and results for the first semester of fiscal year 2014-2015
Monday April 27, 2015*: disclosure of sales at the end of the 3rd quarter 2014-2015
* disclosure at the end of trading on the Paris stock market
Vilmorin & Cie develops vegetable and field seeds with high added value to better meet global food requirements.
Accompanied by its reference shareholder, Limagrain, an international agricultural cooperative group, Vilmorin & Cie is currently the fourth largest seed company in the world. True to its vision of sustainable development, Vilmorin & Cie relies on ongoing investments in research and international growth to strengthen its market shares. An ambition that is driven by its corporate culture which is based on the sharing of knowledge, quality of life and respect for the needs of mankind.
Chief Financial Officer Head of Financial Communication [email protected] and Investor Relations
Tel: + 33 (0)4 73 63 44 85 Fax: + 33 (0)4 73 63 41 80 Website: www.vilmorin.info
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