Valeo hereby informs shareholders that its Ordinary and Extraordinary Annual Shareholders’ Meeting will be held at 2:30pm on May 26, 2016 at Pavillon Gabriel, 5 Avenue Gabriel, 75008 Paris.
At the Meeting, shareholders will be asked to approve a dividend of 3 euros per share for the year ended December 31, 2015, payable on May 31, 2016.
The Meeting will also be asked to re-elect Thierry Moulonguet, Georges Pauget and Ulrike Steinhorst as directors, and to elect Mari-Noëlle Jégo-Laveissière and Véronique Weill as directors. The re-appointment of the Statutory Auditors and their substitutes will also be on the agenda.
Shareholders will be asked to authorize the Board of Directors to carry out share buybacks and award free shares to employees and corporate officers. Further, in light of the sharp rise in Valeo’s share price since 2009, shareholders will be asked to vote on a stock split that divides the par value of the shares by three. The split will take place following the payout of the dividend for the year ended December 31, 2015.
The prior Notice of Meeting to be published in the French official journal, Bulletin des Annonces Légales Obligatoires, dated April 1, 2016, will contain the detailed agenda for the meeting and the proposed resolutions, and will describe the main ways in which shareholders can take part in and vote at the Meeting.
This prior Notice of Meeting, along with the report of the Board of Directors on the proposed resolutions, and related legal information will be available on www.valeo.com (Investors and Shareholders/ Shareholders’ Meeting) as of April 1, 2016.
Other documents and information regarding the Meeting will be made available to shareholders and can be viewed on the abovementioned website in the conditions and within the period provided for by the applicable laws and regulation.
