Danone

2021 Danone Shareholders’ Meeting: approval of all resolutions

Press Release – Paris, April 29, 2021

2021 Danone Shareholders’ Meeting: approval of all resolutions

2021 Danone Shareholders’ Meeting: approval of all resolutions

Danone’s Shareholders’ Meeting was held today, exceptionally behind closed doors given the current health context, chaired by Gilles Schnepp, Chairman of the Board of Directors. 64.09% of Danone’s total outstanding share capital was represented in this Shareholders’ Meeting.

Danone’s shareholders approved all resolutions submitted to a vote, including the statutory and consolidated financial statements for the 2020 fiscal year, and the proposed dividend of €1.94 per share in cash, down 8% from 2019. The ex-dividend date (or ex-date) is set on May 10, 2021 and the dividend will be payable on May 12, 2021.

In addition, the Shareholders’ Meeting approved all proposed renewals of terms of office of the members of the Board of Directors, Guido Barilla, Cécile Cabanis, Michel Landel and Serpil Timuray, and the ratification of the co-opting of Gilles Schnepp as Director.

Following the adoption of the Entreprise à Mission model in June 2020, the Mission Committee chaired by Pascal Lamy, and in charge of measuring Danone’s progress on the 4 pillars of its mission, presented for the first time its annual report to the Shareholders’ Meeting.

The presentation made during the Shareholders’ Meeting, the detailed voting results per resolution, the answers to all written questions sent by shareholders and the Mission Committee’s annual report are available on Danone’s corporate website (www.danone.com). The video webcast of the Shareholders’ Meeting will be available on the website as of the end of the day.

Composition of the Board’s Committees

In the framework of the new composition of the Board of Directors further to today Shareholders’ Meeting, the Board decided to review the composition of its committees which are composed now as follows:

• Audit Committee chaired by Gaëlle Olivier along with Frédéric Boutebba and Lionel Zinsou-Derlin;
• Governance Committee chaired by the Lead Independent Director, Jean-Michel Severino, along with Clara Gaymard and Michel Landel;
• Engagement Committee chaired by Serpil Timuray along with Michel Landel and Bettina Theissig;
• Strategy & Transformation Committee chaired by Lionel Zinsou-Derlin along with Guido Barilla, Cécile Cabanis, Franck Riboud and Isabelle Seillier.

Continuation of the global Employee Share Subscription Plan