AGM Information • May 15, 2013
AGM Information
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The shareholders of Solvay S.A. Company with its corporate offices in Brussels. rue de Ransbeek, nº 310, gathered for their annual meeting on Tuesday May 14, 2013, at the Palais des Académies, rue Ducale, 1 at 1000 Brussels.
The session was opened at 10:30 a.m.
Mr. Nicolas Boël recalled that 2013 corresponds to the 150th anniversary of the Solvay group. He commented on the significant changes that occurred in 2012 especially due to the integration of Rhodia into the Solvay group. He then reviewed the Solvay group's performance during 2012 and noted the changes in the composition of the Board of Directors, as well as adoption of a new compensation policy. Finally, he discussed the dividend policy, its proposed increase for 2012 as well as evolution of the share price.
In accordance with article 42 of the by-laws, the Bureau was composed.
The Chairman designated Mr. Michel Defourny, Group Corporate Secretary of the company, as Secretary.
Of the shareholders in attendance, Mr Jean-Pierre de Dorlodot and Mr Claude Thibaut de Maisières agreed to act as tellers.
The members of the Board of Directors in attendance completed the Bureau.
The Chairman noted that:
According to the attendance list signed by all present at the meeting, both in their own name as well as by proxy, the shareholders present or represented owned a collective total at the start of the meeting of 50,297,220 shares of the 84,701,133 that make up the registered capital, or 59.38 %.
The Chairman declared the meeting properly constituted.
The shareholders then went on to examine the agenda point by point.
$1.$ The Board of Directors had drawn up a management report on operations for the fiscal year 2012 – including the Declaration of Governance of the Enterprise – in which may be found all information required by law. The Board took note of the report of the External Auditor and made no particular remarks on its contents.
The Chairman noted that the necessary measures had been taken to meet legal obligations in terms of distribution of the management reports on the operations of the fiscal year 2012, including the Declaration of Governance of the Enterprise, and the report of the Auditor.
In light of these circumstances, the meeting opted not to have the management report on the operations of 2012 read.
Mr. Clamadieu commented on the ongoing transformation of the Group, the strategic vision, and the priorities for implementation and organization set up in this perspective. He commented on the 2012 results, as well as those for the first quarter of 2013. He then described the drivers put in place to improve the Group's business profile, in particular repositioning of the portfolio, focusing investments on key projects, efforts at innovation to promote growth and the objectives for Sustainable Development.
The supporting documents for the speeches by Messrs. Nicolas Boël and Clamadieu will be attached to the minutes and placed at the disposition of those who desire them. They will also be distributed on the Internet.
In view of the wide distribution of the Auditor's report, reading of it was dispensed with.
In conformity with regulatory provisions, the annual financial statements, the management report, the Declaration of the Governance of the Enterprise, the report of the Auditor, as well as the Compensation Report were submitted to the Works Council of Solvay S.A. at Brussels. The reading of the Works Council Report was dispensed with. For those who desire to know what is in this report, a copy is available for them from the tellers.
The consolidated financial statements for the year 2012 were verified and approved by the Board of Directors. The Board took notice of the report of the Auditor and made no special remarks on the subject.
The Chairman then gave the floor to shareholders to make comments or request information.
Once replies were given to these questions and observations, he declared the discussion closed and invited the shareholders to pass to the review of the other resolutions to be taken.
$4.$ The Meeting approved the annual account of Solvay S.A. as well as the proposal for allocation of the profits by a majority of 100 % of the votes.
Each fully paid share will receive a gross dividend per share of 3.20 EUR, or 2.40 EUR net. Taking into account the interim payment of 0.90 EUR made on January 17, 2013, the balance of the dividend will amount to 1.50 EUR net, payable as of May 21, 2013.
$51$ By a majority of 97.87 % of the votes, the shareholders granted to the Directors in office for 2012 a discharge for the performance of their duties during that year.
By a majority of 97.87 % of the votes, the shareholders granted to the External Auditor in office for 2012 a discharge for the performance of its duties during that year.
$6a)$ The Meeting proceeded to re-elect, for a term of four years, the Chevalier Guy de Selliers de Moranville, Mr. Nicolas Boël, Mr. Bernard de Laguiche, the Baron Hervé Coppens d'Eeckenbrugge, Mrs. Evelyn du Monceau and Mr. Jean-Pierre Clamadieu, whose terms expire at the end of this meeting.
The Chevalier Guy de Selliers de Moranville was re-elected as non-independent Director, with a majority of 99.00 % of the votes.
Mr. Nicolas Boël was re-elected as non-independent Director with a majority of 99.06 % of the votes.
Mr. Bernard de Laguiche was re-elected as non-independent Director, with a majority of 99.90 % of the votes.
The Baron Hervé Coppens d'Eeckenbrugge was re-elected as Director, with a majority of 99.75 % of the votes.
Mrs. Evelyn du Monceau was re-elected as Director, with a majority of 99.84 % of the votes.
Mr. Jean-Pierre Clamadieu was re-elected as non-independent Director, with a majority of 99.83 % of the votes.
Their terms will expire at the end of the annual general shareholders' meeting in May 2017.
$b)$ It was proposed to confirm the designation of the Baron Hervé Coppens d'Eeckenbrugge and Mrs. Evelyn du Monceau as independent Directors on the Board of Directors.
Mrs. Evelyn du Monceau was confirmed as independent Director with a majority of 99.82 $%$ of the votes.
$\mathbf{c}$ Mr. Jean van Zeebroeck, who has reached the age limit for members, resigned his position as Director.
The Assembly took note of the resignation of Mr. Jean van Zeebroeck from his seat on the Board and acknowledged that the remainder of his term will not be filled.
$d)$ It was proposed to designate Mrs. Françoise de Viron as a Director for a four-year term. Information regarding the proposal for her designation as an independent Director was provided to the Works Council on March 4, 2013.
Mrs. Françoise de Viron was elected as Director with a majority of 99.83 % of the votes.
Her term will expire at the end of the general shareholders' meeting in May 2017.
It was proposed to designate Mrs. Amparo Moraleda as a Director for a fouryear term to fill the seat left vacant. Information regarding the proposal of her designation as an independent Director was provided to the Works Council on March 4, 2013.
Mrs. Amparo Moraleda was elected as Director for a term of four years with a majority of 99.87 % of the votes.
Her term will expire at the end of the General Shareholders' Meeting in May 2017.
It was proposed to renew the term of the audit firm of Deloitte Belgium SCRL, whose headquarters is located at 1831 Diegem, Berkenlaan 8, as External Auditor for the company for a period of three years. The appointment of External Auditor will end at the close of the General Shareholders' Meeting in May 2016.
During this period, it was decided that Deloitte Belgium will be represented by Mr. Eric Nys with a majority of 97.00 % of the votes. During its meeting on March 4,
2013, the Works Council of Solvay SA was informed of this decision and approved this choice, in compliance with article 156 of the Code of Companies.
If for any reason the representative of Deloitte Belgium would be unable to fulfill his duties, it was decided that Deloitte Belgium will be represented by Mr. Frank Verhaegen with a majority of 96.64 % of the votes. During its meeting on March 4, 2013, the Works Council of Solvay SA was informed of and approved this decision, in conformance with article 156 of the Code of Companies.
The agenda having been completed, the principal parts of the minutes were read, to which were attached the details of the votes on each item of the agenda requiring shareholder approval.
The minutes were then approved by the Meeting with a majority of 99.95 % of the votes.
The Chairman adjourned the Annual Shareholders' Meeting at 1.10 pm.
| وي | ||
|---|---|---|
| Z. | Approbation du rapport de rémunération Goedkeuring van de bezoldigingverslag Approval of compensation report |
|
| 粉 | ||
| Pour/Voor/For | 48.065.512 | |
| Contre/Tegen/Against | 888.367 | |
| Abstention/Onthouding/Abstain | 1.343.341 | |
| % Pour/Voor/For | OBJIOWA | |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 | |
| 4. Approbation des comptes annuels 2012 - Affectation du bénéfice et fixation du dividende Goedkeuring van de jaarrekeningen 2012 - Bestemming van de winst en vaststelling van het dividend Approval of annual accounts for 2012 - Distribution of earnings and setting of dividend |
||
|---|---|---|
| Pour/Voor/For | 49.732.056 | |
| Contre/Tegen/Against | 83 | |
| Abstention/Onthouding/Abstain | 565.081 | |
| % Pour/Voor/For | 100,00% | |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 | |
$\mathbb{Q}^3$
$\frac{1}{2} \frac{d^2}{d^2}$
| 5. a) | Décharge aux Administrateurs pour les opérations de l'exercice 2012 Kwijting aan te Bestuurders voor de verrichtingen van het boekjaar 2012 Discharge of liability to the Board members for the operations of 2012 fiscal year |
|
|---|---|---|
| Pour/Voor/For | 48.671.942 | |
| Contre/Tegen/Against | 1.060.023 | |
| Abstention/Onthouding/Abstain | 565.255 | |
| % Pour/Voor/For | CYMITIO | |
| Total votes | Total des votes/Totaal aantal stemmen/ | 50.297.220 |
| 5. b Décharge au Commissaire pour les opérations de l'exercice 2012 Kwijting aan de Commissaris voor de verrichtingen van het boekjaar 2012 Discharge of wability to the External Auditor for the operations of 2012 fiscal year |
||
|---|---|---|
| Pour/Voor/For | 48,704.882 | |
| Contre/Tegen/Against | 1.061.503 | |
| Abstention/Onthouding/Abstain | 530.835 | |
| % Pour/Voor/For | 97,37,96 | |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 | |
$\hat{\gamma}$ .
| 32 | |
|---|---|
| 6 a) 1. Renouvellement du mandat de Guy de Selliers de Moranville |
|
| Hernleuwing van het mandaat van Guy de Selliers de | |
| Moranville | |
| Term renewal for Guy de Selliers de Moranville 5Ŝ |
|
| Pour/Voor/For | 49,497,034 |
| Contre/Tegen/Against | 498.838 |
| Abstention/Onthouding/Abstain | 301.348 |
| % Pour/Voor/For | 99,00% |
| Total des votes/Totaal aantal stemmen/ Total votes $\zeta_{\rm 0}^{\rm 0.5}$ ! |
50.297.220 |
| 6 a) 2. Renouvellement du mandat de Nicolas Boël Hernieuwing van het mandaat van Nicolas Boël Term renewal for Nicolas Boël |
|
|---|---|
| Pour/Voor/For | 49.356.208 |
| Contre/Tegen/Against | 469.420 |
| Abstention/Onthouding/Abstain | 471.592 |
| % Pour/Voor/For | 99,06% |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| 6 a) 3. Renouvellement du mandat de Bernard de Laguiche Hernieuwing van het mandaat van Bernard de Laguiche Term renewal for Bernard de Laguiche |
|
|---|---|
| Pour/Voor/For | 49,996,471 |
| Contre/Tegen/Against | 48.142 |
| Abstention/Onthouding/Abstain | 252.607 |
| % Pour/Voor/For | 99.90% |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| 6 a) 4. Renouvellement du mandat de Hervé Coppens d'Eeckenbrugge Hernieuwing van het mandaat van Hervé Coppens d'Eeckenbrugge Term renewal for Hervé Coppens d'Eeckenbrugge |
|
|---|---|
| Pour/Voor/For | 49.708.236 |
| Contre/Tegen/Against | 124.712 |
| Abstention/Onthouding/Abstain | 464.272 |
| % Pour/Voor/For | 99,75% |
| Total des votes/Totaal aantal stemmen/ Total votes $\sqrt{2} \sigma$ ). |
50.297.220 |
| 6 a) 5. Renouvellement du mandat de Evelyn du Monceau Hernieuwing van het mandaat van Evelyn du Monceau Term renewal for Evelyn du Monceau |
||
|---|---|---|
| Pour/Voor/For | 49,860,750 | |
| Contre/Tegen/Against | 79.517 | |
| Abstention/Onthouding/Abstain | 356.953 | |
| % Pour/Voor/For | 99,8496 | |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 | |
| ¥ |
| 6 a) 6. Renouvellement du mandat de Jean-Pierre Clamadieu Hernieuwing van het mandaat van Jean-Pierre Clamadieu Term renewal for Jean-Pierre Clamadieu |
|
|---|---|
| Pour/Voor/For | 49.874.246 |
| Contre/Tegen/Against | 83.303 |
| Abstention/Onthouding/Abstain | 339.671 |
| % Pour/Voor/For | 99,8396 |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
$_{\rm eq}$ )
$\frac{1}{2} \frac{\lambda_1}{2}$
| 6 b) 1. Confirmation de Hervé Coppens d'Eeckenbrugge comme Administrateur indépendant Bevestiging van Hervé Coppens d'Eeckenbrugge als onafhankelijk Bestuurder Confirmation of Hervé Coppens d'Eeckenbrugge as independent Board member |
||
|---|---|---|
| Pour/Voor/For | 49.971.954 | |
| Contre/Tegen/Against | 35.478 | |
| Abstention/Onthouding/Abstain | 289.788 | |
| % Pour/Voor/For | 99,9394 | |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 | |
| 6 b) 2. Confirmation de Evelyn du Monceau comme Administrateur indépendant Bevestiging van Evelyn du Monceau als onafhankelijk Bestuurder Confirmation of Evelyn du Monceau as independent Board memher |
|
|---|---|
| Pour/Voor/For | 49.714.845 |
| Contre/Tegen/Against | 87.882 |
| Abstention/Onthouding/Abstain | 494.493 |
| % Pour/Voor/For | 99,9920 |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| 経 |
$\frac{1}{2}$
$\overline{a}$
$\ddot{\phantom{a}}$
| 6. d) Désignation de Françoise de Viron comme Administrateur Aanstelling væn Françoise de Viron als Bestuurder Designation of Françoise de Viron às Board member |
|
|---|---|
| Pour/Voor/For | 49.836.745 |
| Contre/Tegen/Against | 82.590 |
| Abstention/Onthouding/Abstain | 377.885 |
| % Pour/Voor/For | CLARED |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| r fr |
| 6. e) Désignation de Françoise de Viron comme Administrateur indépendant Aanstelling van Françoise de Viron als onafhankelijk Bestuurder Designation of Françoise de Viron as independent Board member |
|
|---|---|
| Pour/Voor/For | 49.760.026 |
| Contre/Tegen/Against | 50 |
| Abstention/Onthouding/Abstain | 537.144 |
| % Pour/Voor/For | 100,00% |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
$\hat{\omega}$ g
r
| 金 | ||
|---|---|---|
| 6. ① | Désignation de Amparo Moraleda comme Administrateur Aanstelling van Amparo Moraleda als Bestuurder Designation of Amparo Moraleda as Board member |
|
| 公路 | ||
| Pour/Voor/For | 49.943.142 | |
| Contre/Tegen/Against | 64.934 | |
| Abstention/Onthouding/Abstain | 289.144 | |
| % Pour/Voor/For | CISESTAY | |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 | |
| 6. g) Désignation de Amparo Moraleda comme Administrateur indépendant Aanstelling van Amparo Moraleda als onafhankelijk Bestuurder Designation of Amparo Moraleda as independent Board member |
|
|---|---|
| Pour/Voor/For | 49.882.621 |
| Contre/Tegen/Against | 34.984 |
| Abstention/Onthouding/Abstain | 379.615 |
| % Pour/Voor/For | ပေမျှပွဲမှေ |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| Bł |
7 a) 1. Renouvellement du mandat de Deloitte Belgium, représentée par Éric Nys, comme Commissaire Hernieuwing van het mandaat van Deloitte Belgium,
Vertegenwoofdigd door Eric Nys, als Commissaris Term renewal of Deloitte Belgium, represented by Eric Nys, as External Audit Pour/Voor/For 48.146.181 Contre/Tegen/Against 1,487,237 Abstention/Onthouding/Abstain 663.802
| % Pour/Voor/For | Cymil |
|---|---|
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| $\sum_{\alpha,\beta,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\gamma,\$ |
| 7 a) 2. Désignation de Frank Verhaegen comme suppléant de Eric Nys Aanstelling van Frank Verhaegen als plaatsvervangend van Eric Nys Designation of Frank Verhaegen as substitute of Eric Nys |
|
|---|---|
| Pour/Voor/For | 48,097.124 |
| Contre/Tegen/Against | 1.670.720 |
| Abstention/Onthouding/Abstain | 529.376 |
| % Pour/Voor/For | 96,64% |
| Total des votes/Totaal aantal stemmen/ Total votes 医外 |
50.297.220 |
ſ
$\mathcal{L}$
| 7. b) Fixation des émoluments annuels du Commissaire de Solvay SA à 1.1146.300 EUR Vaststelling van de jaarlijkse bezoldiging van de Commissaris van Solvay SA op 1.146.300 EUR Setting of the annual fees for the Solvay SA external auditor at 1,146,300 EUR |
|
|---|---|
| Pour/Voor/For | 48.063.408 |
| Contre/Tegen/Against | 1.568.855 |
| Abstention/Onthouding/Abstain | 664.957 |
| % Pour/Voor/For | 96,8496 |
| Total des votes/Totaal aantal stemmen/ Total votes |
50.297.220 |
| 8. | Approbation du procès-verbal Goedkeuring van de notulen Approval of the minutes |
||
|---|---|---|---|
| Pour/Voor/For | 5.315.845 | ||
| Contre/Tegen/Against Abstention/Onthouding/Abstain |
2.870 810.289 |
||
| % Pour/Voor/For Total des votes/Totaal aantal stemmen/ Total votes |
99,95% 6.129.004 |
||
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