Legrand

Combined Ordinary and Extraordinary Meeting of Shareholders, May 27, 2020

Regulatory News:

Legrand’s (Paris:LR) Combined Ordinary and Extraordinary Meeting of Shareholders took place on May 27, 2020, behind closed doors, and was chaired by Gilles Schnepp, Chairman of the Board of Directors.

I. Main voting results of the General Meeting of Shareholders

All resolutions put forward by the Board of Directors were approved with a large majority.

In particular, shareholders approved:

• The renewal of Isabelle Boccon-Gibod’s term of office as director for a period of three years; Ms Boccon-Gibod is also a member of the Audit Committee and a member of the Strategy and Social Responsibility Committee;
• The renewal of Christel Bories’ term of office as director for a period of three years; Ms Bories is also Chair of the Strategy and Social Responsibility Committee and a member of the Audit Committee;
• The renewal of Angeles Garcia-Poveda’s term of office as director for a period of three years; Ms Garcia-Poveda will become Chairwoman of the Board of Directors from July 1, 2020;
• The appointment of Benoît Coquart as director for a period of three years;
• The amendment of article 9.2 of the Company’s Articles of Association allowing the appointment of a second director representing employees according to the appointment arrangements described in the Company’s amended Articles of Association.

As a result, the Board consists of 11 independent directors¹ including:

• eight independent directors, a proportion of 73%
• five women, a proportion of 45.5%, which exceeds the minimum proportion of 40% set out in the French Commercial Code;
• five nationalities: German, American, Spanish, French and Italian.

As a result, the composition of the Board of Directors, whose members have a varied and complementary range of skills, is in line with industry best practices.

Shareholders in the meeting also approved the payment of a dividend of €1.34 per share with respect to 2019². The ex-dividend date will be June 1, 2020, and the dividend will be paid on June 3, 2020.

II. Responsible mobilization and outlook facing the world health crisis

During the meeting, Chief Executive Officer Benoît Coquart reminded the audience³ that Legrand was very early mobilized to address the current global health crisis, the scale of which is unprecedented. As part of those efforts, the Group has (i) ensured the health and safety of its employees, (ii) continued to serve its customers and (iii) quickly taken measures to help communities in the countries in which it operates.