DECISIONS OF THE RICHEMONT 2022 ANNUAL GENERAL MEETINGSource: EQS
In addition, 'A' shareholders were asked to formally designate one person to serve as representative of all 'A' shareholders on the Board. Following the vote of 'A' shareholders only, Ms
The proposals to amend the Company's Articles of Incorporation put forward by
All other matters on the agenda were approved by the shareholders, with most of them by an overwhelming majority.
Specifically, the results for the year, including the proposals of the Board of Directors for the appropriation of retained earnings at
An ordinary dividend of
"I am deeply grateful to all our shareholders and wish to thank them for their vote of confidence in the leadership and governance of the company. The Board can now continue to work in a collegial manner, in the interest of all our shareholders. We remain focused on building value for shareholders by supporting our Maisons as they adapt to clients' evolving purchasing patterns, while staying true to their heritage. The recently announced partnership with Farfetch and
The Board believes the current governance structure has underpinned Richemont's performance, allowing the Group to take a long-term view on sustainable value creation, unencumbered by short-term considerations. We recognise, however, that there are reservations about aspects of our governance which we will continue to address."
All information on the AGM, including the Chairman's address and detailed voting results will be available for download in due course from the Richemont website at AGM/EGM | Investors (richemont.com).
At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity, alongside Online Distributors that cultivate expert curation and technological innovation to deliver the highest standards of service. Richemont's ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.
Richemont operates in four business areas: Jewellery Maisons with Buccellati, Cartier and
Richemont 'A' shares are listed on the
Investor/analyst and media enquiries
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1437731 07.09.2022 CET/CEST