AGM Information • May 22, 2013
AGM Information
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Neuilly-sur-Seine, France, May 22, 2013 – The combined annual shareholders' meeting of Bureau Veritas, chaired by Frank Piedelièvre, took place on Wednesday May 22, 2013.
All the resolutions submitted to the shareholders' meeting have been adopted, among which:
During the presentation of the Board's reports, Didier Michaud-Daniel, Chief Executive Officer, presented the key figures and the highlights of the financial year ended December 31, 2012.
Sami Badarani, Financial Chief Officer, then presented the 2012 financial results, detailing in particular revenues, adjusted operating profit, earning per share (EPS), cash flow statement and the financial position.
Didier Michaud-Daniel then presented the business review, the first quarter revenue and the outlook for 2013.
Frank Piedelièvre, Chairman of the Board, finally presented Corporate governance and remuneration, share price trends, shareholder structure and social and environmental responsibility.
The combined annual shareholders' meeting has approved the appointment of three directors, Ms Lucia Sinapi-Thomas, Nicoletta Giadrossi and Ieda Gomes Yell, bringing the number of the female representatives on the Board to 33% (i.e. 4 out of 12).
During the Board of Directors' meeting held following the combined annual shareholders' meeting, the current positions of Frank Piedelièvre and Frédéric Lemoine were renewed respectively as Chairman and Vice-Chairman of the Board.
The Board of Directors of Bureau Veritas now has twelve members, including seven independent directors:
* Independant director
Nicoletta Giadrossi*
In addition, based on the recommendation of the Nomination and Compensation Committee, the Board of Directors has strengthened the composition of its three Committees by appointing:
The annual shareholders' meeting also saw the end of the term of office of Ernest-Antoine Seillière who had not requested the renewal of his mandate as Board member. The members of the Board of Directors unanimously expressed their gratitude for the exceptional contribution Ernest-Antoine Seillière has brought to Bureau Veritas' development for the last eighteen years.
The annual shareholders' meeting has adopted the resolutions related to an increase in the Group's share capital by capitalizing amounts deducted from the « issue premium » account, and a four-forone split in the nominal value of the Group's shares.
These transactions will take effect no later than June 24, 2013. They will make the Bureau Veritas' shares more accessible, particularly to individual investors, and will thus increase share liquidity. Shareholders will receive four new shares for one existing share. These transactions are neutral for the shareholders insofar as the value of their portfolio will not change.
The presentation made during the shareholders' meeting and results of the vote of the resolutions proposed to the shareholders' meeting will be available on the Group's website www.bureauveritas.com under Finance / Shareholder Information / Shareholders' Meeting.
Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group has almost 60,000 employees in around 1,330 offices and laboratories located in 140 countries. Bureau Veritas helps its clients to improve their performances by offering services and innovative solutions in order to ensure that their assets, products, infrastructures and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index (Compartment A, code ISIN FR 0006174348, stock symbol: BVI).
www.bureauveritas.com
Analysts /investors: [email protected] Press: [email protected]
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