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Shareholders’ Meeting
Presentation of the resolutions
Presentation of the resolutions
8.2
The Shareholders’ Meeting of May 17, 2016 is asked to vote on ordinary resolutions, for which the adoption requires a majority of the votes, and
extraordinary resolutions, for which the adoption requires two-thirds of the votes.
Ordinary resolutions
8.2.1
The Board of Directors asks that the Shareholders’ Meeting vote on the following ordinary resolutions:
First, second and third resolutions: approval of the financial statements, allocation
of net income and setting of dividend
Statement of reasons
The full dividend amount of €516,929,555.80, which represents a
dividend per share of €0.70 before social security contributions and
In its first and second resolutions, the Board of Directors asks that the
the compulsory levy (“prélèvement obligatoire non libératoire”) of 21%
Shareholders’ Meeting approve the Corporate and Consolidated
stipulated in article
117, subparagraph
4 of the French general tax
Financial Statements for the fiscal year ended December 31, 2015.
code, is, for private individuals who are residents in France for tax
The Shareholders’ Meeting is asked to approve:
purposes, eligible for the 40% tax reduction described in
article 158-3-2 of the French general tax code.
the Corporate Financial Statements, including the income
●
statement, which shows a net profit of €830,629,260.99 in 2015 In case of payment of the dividends in new shares, these shares would
compared with €4,440,248,624.63 in 2014;
be issued at a price equal to 90% of the average of the opening prices
the Consolidated Financial Statements.
●
quoted on the Euronext Paris regulated market during the 20 trading
sessions preceding the date of the Shareholders’ Meeting, reduced by
Details of the financial statements are shown in chapters 4, 5, 6 of this
the net amount of the dividend and rounded up to the nearest euro cent.
Registration Document.
The quotation date of ex-dividend shares is set on May
23, 2016. The
The purpose of the third resolution is to propose to the Shareholders’
option period during which shareholders may opt for a payment of the
Meeting the allocation of net income and to set the dividend per share
dividends in cash or in new shares would begin on May
23, 2016 and
for fiscal year 2015 at €0.70, payable in cash or in new shares of the
continue until June
10, 2016 included. Shareholders may submit their
Company, at the shareholders’ discretion.
request to the financial intermediaries authorised to pay the dividend
The proposed dividend amounts to a payout ratio of 45% of net
or, for shareholders listed in the registered accounts held by the
income, Group share, adjusted for exceptional items, in line with the Company, to its authorized representative, Société Générale, CS
policy set out in March 2012.
30812, 44308 Nantes Cedex 03.
Payment of the dividend and delivery of the new shares would occur on
June 21, 2016.
First Resolution
(Approval of the Corporate Financial Statements for fiscal year 2015)
The Shareholders’ Meeting, deliberating under the conditions required for ordinary shareholders’ meetings as to quorum and majority, and having
been informed of the Board of Directors’ and Statutory Auditors’ reports, approves the Corporate Financial Statements for fiscal year 2015, as
presented, together with the transactions reflected in those financial statements and summarized in those reports.
Second Resolution
(Approval of the Consolidated Financial Statements for fiscal year 2015)
The Shareholders’ Meeting, deliberating under the conditions required for ordinary shareholders’ meetings as to quorum and majority, and having
been informed of the Board of Directors’ and Statutory Auditors’ reports, approves the Consolidated Financial Statements for fiscal year 2015 as
presented, together with the transactions reflected in those financial statements and summarized in those reports.
2015 REGISTRATION DOCUMENT
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