May 24, 2017 7:00 AM

     

The Combined General Shareholders’ Meeting of BOURBON SA Corporation was held on May 23, 2017 in Paris and chaired by Mr. Jacques de Chateauvieux.

All resolutions were approved and, in particular:

  • the distribution of a dividend of €0,25 per share in cash or shares;
  • the renewal of Mr. Guillaume de Chateauvieux and Mr. Baudoin Monnoyeur as directors for three years; 
  • the ratification of the provisional appointment of Ms. Adeline Challon-Kemoun as a director; and the renewal of her term of office for three years;
  • the appointment as a director for three years of Ms. Elisabeth Van Damme, to replace Mr. Bernhard Schmidt; 
  • the approval of the principles and criteria for determining, allocating, and granting the components of executive officer compensation for the 2017 fiscal year;
  • the approval of the components of the compensation due or granted for the fiscal year ended December 31, 2016 to Jacques de Chateauvieux, Christian Lefèvre and Gaël Bodénès; 
  • the authorization for the Board of Directors to trade in the Company's own shares (buybacks and cancellations of shares); 
  • the renewal of the authorizations enabling the Board of Directors, if it deems appropriate, to make any issuances that may be necessary in the context of the development of the Company's business activities. 

The Board of Directors, as a result, comprises ten members including four women, three members of foreign nationality and five independent members. The Board's membership thus provides a complementary range of experiences and cultures.

 

Focus on the shareholders' approval of the distribution of a dividend of €0.25 per share in cash or shares

Shareholders will be able to make their choice between June 8 and June 30, 2017 included, by addressing their request to their financial intermediary. The issue price of the new shares for the payment in shares is €9,08 after application of the maximum discount of 10%. The shares will trade ex-dividend on June 8, 2017, and the dividend will be paid in cash or shares on July 17, 2017.

 

In the coming few days, the full results of the votes on resolutions, the full transcript and the presentation will be available on http://www.bourbonoffshore.com/en/2017-combined-annual-shareholders-meeting

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