Publicis Groupe S.A.: Combined General Shareholders’ Meeting
PARIS--(BUSINESS WIRE)--May 26, 2021--
The Combined General Shareholders’ Meeting was webcast live on the Groupe’s website at www.publicisgroupe.com, and the different speeches are available at the following links: https://www.publicisgroupe.com/en/investors/shareholders/annual-general-meeting. All documents relating to the General Shareholders’ Meeting have been made available to shareholders on the Groupe's website. Shareholders participated in the live event and were able to ask questions.
Representing a quorum of 73%, shareholders adopted all 26 resolutions, among which:
The renewal of the mandate of Mr. Maurice Lévy, which was approved by 92.99% of votes, for a duration of four years. The Supervisory Board expressed its wish to see him continue his mission as Chairman of the Supervisory Board, providing support and advice to the Management Board and its President, Mr.
Arthur Sadoun, who expressed the same wish. The Supervisory Board that met after the General Shareholders’ Meeting unanimously approved the renewal of the mandate of its Chairman for a duration of four years.
The renewal of the mandates of Mr.
Simon Badinterand Mr. Jean Charest, with strong support from shareholders, for mandates of four years as well.
- The Management Board’s 2020 compensation packages were approved by more than 88%, and their 2021 compensation policy passed at more than 90%.
The dividend of
2.00 eurosper share, representing a pay-out ratio of 46.8%, above its pre-pandemic level. The option for payment of the dividend in shares must be exercised between June 17 and June 30, 2021inclusive. The ex-dividend date will be June 15, 2021. Shareholders can opt to receive payment of the dividend either in cash or in new shares. The issue price of shares distributed as dividends was set at 53.05 eurosper share, calculated as the average of the closing prices of the twenty trading days prior to the Combined Shareholder Meeting, minus the net dividend.
Maurice Lévy, Chairman of the Supervisory Board, said:
« In a year when the whole world has been put to the test and we have entered in a new normal era, the Supervisory Board and I are very proud of the resilience demonstrated by your Groupe. It is the contribution of each person, the individual and combined strengths of the teams as well as the rapid, determined and efficient response of the management under the direction of
The Supervisory Board and I would like to thank shareholders for their trust and support. By their votes, they acknowledge the extraordinary work and mobilization of the Management Board and more particularly of its President and CEO in this period. I would also like to thank them for approving the renewal of my mandate as member of the Supervisory Board, and the
Thanks to its transformation and its long-term investments in technology and data, notably Sapient and Epsilon, your Groupe has all the assets it needs in an environment which has, with this crisis, evolved rapidly and irreversibly towards digital. While the environment remains uncertain, your Groupe is very well equipped and very well managed to meet the needs of its clients and support them on the path to growth in this new world».
During his presentation at the Combined Shareholder Meeting, Mr.
When the crisis hit and despite a very uncertain environment, the Management Board reacted immediately and defined three clear priorities:
- First, protect the Groupe’s talents, by shifting all employees to home working in a matter of days, in all countries. Moreover, the Groupe undertook many initiatives in the year to ensure their well-being and their health.
- Second, the Groupe fully mobilized to accompany its clients in rethinking and immediately adapting their communication campaigns to this new situation, contributing to their competitiveness and resilience in this critical period.
- Third, the Directoire implemented a series of exceptional measures to maintain the Groupe’s financial strength, notably with a €500m cost savings plan and a reduction of the initially proposed dividend. In parallel, the Chairman of the Supervisory Board and members of the Management Board proposed to reduce their salaries. Also, the voluntary salary sacrifices made by 6,000 talents at the peak of the crisis were reimbursed after the publication of better than expected results, with the exception of Management Board members.
Concluding this incredibly exceptional year, the Groupe emerged stronger and outperformed the market in 2020 organically while posting again the strongest financial ratios in the industry.
It is worth noting that, answering a question asked at the General Shareholders’ Meeting, Mr.
Composition of the Supervisory Board and of the Management Board
After this General Shareholders’ Meeting, and after the departure of Mr.
The Supervisory Board also confirmed the composition of the Management Board, with four members: Mr.
Composition of the Committees of the Board
During its meeting that took place after the General Shareholders’ Meeting, the Supervisory Board approved the following composition of the Committees of the Board.
Independent Expert: Mr.
« ESG » Committee
A committee dedicated to environmental and societal reflexions, taking into account all stakehoders’ interests, has been created:
Members : Mrs.
Composed of the Chairmen of the different committees, the Nominating Committee is chaired by Mrs.
Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts. These forward-looking statements and forecasts are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These forward-looking statements and forecasts are presented at the date of this document and, other than as required by applicable law,
2 Pursuant to the law and Afep-Medef Code, the members of the Supervisory Board representing employees are not taken into account for the calculation of percentages.
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