AGM Information • Dec 13, 2012
AGM Information
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Public limited company with Board of Directors, with a capital of 262 576 040,25 Euros. Head Office: 4, Quai de la Mégisserie – F-75001 PARIS SIREN Paris 377 913 728 Fiscal year from July 1st to June 30th NYSE Euronext Paris (Compartment A) – Eligible for Deferred Settlement Order
December 13, 2012
Joint Annual General and Extraordinary Meeting 2012
A net dividend of 1.65 Euros up 10% like for like
A coherent evolution of governance
The joint Annual General and Extraordinary Meeting of Vilmorin's shareholders met on Wednesday December 12, 2012 in Paris, with Gérard RENARD the chairman. Nearly 250 shareholders there had an opportunity to exchange on the company's strategy and perspectives, and vote on the resolutions that were submitted for their approval.
Approval of the financial statements for fiscal year 2011-2012
The Annual General Meeting approved the financial statements for fiscal year 2011-2012 showing a net income for the Group share of 19 million Euros. The AGM fixed the dividend at 1.65 Euros per share, an increase of 10%. Coupons will be detached on December 17, 2012, and the dividend paid on December 20, 2012.
Vilmorin can confirm the objectives announced for an increase in sales and operating margin for fiscal year 2012-2013.
These objectives are based on an increase, like for like, of more than 6% in consolidated sales, and on a current operating margin of 11%, taking into account a research investment estimated to be 180 millions Euros.
All the resolutions submitted to the Shareholders were approved, with the exception of the thirteenth resolution, which proposed delegation to the Board of Directors to proceed with an increase in the capital stock, in one or several operations, reserved to the company's employees, since the employees already benefit from other means of profit-sharing.
The eighth resolution proposed delegation to the Board of Directors to proceed with one or several increases in capital stock in the form of allocating free shares to Shareholders was approved by 99,9% of the votes.
During the Annual General Meeting, Gérard RENARD confirmed to the Shareholders that he would be terminating his term of office as of December 12, having reached the age limit defined in the bylaws.
The Board of Directors, which met after the AGM, designated Philippe AYMARD, a Member of the Board since 2006, to succeed him.
Monday December 17, 2012: coupon detachment
Thursday December 20, 2012: payment of the dividends
Tuesday February 5, 2013*: disclosure of sales for the first semester 2012-2013
Tuesday February 19, 2013*: disclosure of the result for the first semester 2012-2013
Monday April 29, 2013*: disclosure of sales at the end of the 3rd quarter 2012-2013
As the world's fourth largest seed company, Vilmorin develops vegetable and field seeds with high added value, to better meet global food requirements.
True to its vision of sustainable development, Vilmorin 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.
Daniel Jacquemond Claire Planche Chief Financial Officer Financial Communication and [email protected] Investor Relations Officer
Tel: + 33 (0)4 73 63 44 85 Fax: + 33 (0)4 73 63 41 80
Website: www.vilmorin.info
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