GDF SUEZ Combined Ordinary and Extraordinary General Meeting of Shareholders of 28 April 2015
GDF SUEZ shareholders are invited to take part in the Combined Ordinary and Extraordinary General Meeting which will take place on Tuesday 28 April 2015 at 2.30 pm at the Palais des Congrès at Porte Maillot in Paris.
Publishing preparatory documents for the General Meeting
The meeting notice, which includes the agenda and draft resolutions as well as the conditions and arrangements for participating and voting in the General Meeting, is published in the French Bulletin des Annonces Légales Obligatoires (BALO) of 23 March 2015.
Preparatory information documents for the General Assembly will be made available to shareholders in accordance with applicable legal and regulatory provisions, and can be consulted on the Group’s website.
The General Meeting will include proposals to:
- approve the distribution of a dividend of €1 per share for the fiscal year (it will be recalled that an interim dividend of €0.50 per share was made on 15 October 2014). The final dividend, €0.50 per share, will be detached on 30 April 2015 and paid on 5 May 2015;
- approve the cooptation of one director, the renewal of 4 directors’ terms of office, and the appointment of 6 directors, 4 of whom are nominated by the State.
A Board of Directors of which 63% of members would be women
The Board of Directors will propose that the General Meeting ratify the co-option of Isabelle Kocher as a director, decided by the Board of Directors on 21 October 2014 with effect from 12 November 2014, to replace Paul Desmarais for the remainder of her predecessor’s term, until the end of the Ordinary General Meeting which will be called in 2016 to approve the accounts of the fiscal year ending 31 December 2015.
The terms of office as director of Ann-Kristin Achleitner, Françoise Malrieu, Albert Frère, Edmond Alphandéry and Aldo Cardoso will expire at the end of the next General Meeting. Albert Frère has announced his decision not to seek renewal of his term as director.
The Board of Directors proposes to renew the terms of office of Ann-Kristin Achleitner, Françoise Malrieu, Edmond Alphandéry and Aldo Cardoso and to appoint two new independent directors, Barbara Kux and Marie-José Nadeau (to replace Albert Frère and Jean-François Cirelli)1.
In addition, the Board of Directors has decided to implement Title II of French Ordinance 2014-948 of 20 August 2014 regarding governance and transactions involving the share capital of public sector companies, which modifies rules on the representation of the French State on the Board. As a result, the Board of Directors will submit to the Shareholders’ Meeting the appointment of four directors nominated by the French State: Catherine Guillouard, Mari-Noëlle Jégo-Laveissière, Stéphane Pallez and Bruno Bézard. Astrid Milsan will remain a director representing the State and Pierre Mongin resigned from his position of director on 17 March 2015.1
After the vote on these resolutions, the Board of Directors would be composed of 19 members including 8 independent members, 11 women and 4 non-French nationals. In this case, 63% of Board members would be women2, the highest percentage in the CAC 40.
1These directors will be appointed for a four-year term, expiring at the end of the Ordinary General Meeting which will be called in 2019 to approve the accounts of the fiscal year ending 31 December 2018.
2Percentage calculated in accordance with the law and the AFEP-MEDEF Code which discounts directors elected by employees when calculating the proportion of men and women.
GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services. GDF SUEZ employs 152,900 people worldwide and achieved revenues of EUR 74.7 billion in 2014. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.