Bic

AGM 2020 and Board of Directors

FOR IMMEDIATE RELEASE                                           

 May 20, 2020 Annual General Meeting
 and Board of Directors

Payment of 2.45 euros ordinary dividend per share

Clichy, France, 20 May 2020 – In the current environment of the COVID-19 epidemic, SOCIÉTÉ BIC Annual General Meeting was held on Wednesday, May 20, 2020 in Clichy, France, behind closed doors, without the physical presence of its shareholders.

It was chaired by Mr. Timothée BICH, director.

The Shareholders’ Meeting approved the payment, from June 3, 2020, of an ordinary dividend amount of 2.45 euros per share, and all the proposed resolutions, among them:

• the financial statements for 2019;
• the authorizations to be given to the Board of Directors to undertake operations with regards to the shares of the Company (share buyback and cancellation);
• the authorization to be given to the Board of Directors to reduce the share capital by cancellation of shares acquired in accordance with Article L. 225-209 of the French Commercial Code;
• the delegation of authority to be given to the Board of Directors to increase the share capital by issuing new ordinary shares and/or securities giving access to the share capital, with preservation of Shareholders’ preferential rights of subscription
• the renewal of Marie-Pauline CHANDON-MOËT and Candace MATTHEWS as Directors;
• the ratification of the co-optation of Timothée Bich as Director and the renewal of this mandate;
• the appointment of Jake Schwartz as Director;
• the compensation elements to the corporate officers for the 2019 fiscal year;
• the compensation policy of corporate officers.

       
The Board of Directors, held after the Shareholders’ Meeting, decided to renew the mandates of Candace Matthews on the Audit Committee as well as on the Nomination, Governance and CSR Committee.

MARIE-PAULINE

CHANDON-MOËT, maiden name : BICH - DIRECTOR

Marie-Pauline Chandon-Moët is President of Chateau de Ferrand SAS, and has been a Director of the Board of SOCIÉTÉ BIC since May 28, 2003. She was European Real Estate Projects Manager for BIC Group until December 31, 2010.