Combined Ordinary and Extraordinary Meeting of Shareholders, May 27, 2025

Regulatory News:

Legrand’s (Paris:LR) Combined General Meeting of Shareholders took place on May 27, 2025 and was chaired by Angeles Garcia-Poveda, Chair of the Board of Directors.

I. Full support from shareholders for first-class governance in line with market best practices

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

In particular, resolutions were adopted promoting first-class governance, with the election of three directors who were previously or are currently senior executives of French industrial groups, world and European leaders.

More specifically, shareholders approved:

• the appointment of Stéphane Pallez (FDJ United) as an independent director for a period of three years; and
• the renewals of Patrick Koller (formerly at Forvia) and Florent Menegaux’s (Michelin) terms of office as directors for a period of three years.

As a result, out of a total of 13 members (including two directors representing employees), the Board of Directors consists of:

• nine independent members, representing a proportion of 82%¹, which far exceeds the 50% minimum level recommended by the AFEP-MEDEF Code of Corporate Governance;

• six women, representing a proportion of 55%¹;
• seven nationalities: American, Canadian, English, French, German, Indian and Spanish.

• six current or former Chief Executive Officers of major listed Groups.

As a result, the composition of the Board of Directors is in line with market best practices, and it can draw on the skills and expertise of highly prominent figures, who are well-placed to support the Group’s strategic priorities, as outlined in its new and ambitious roadmap for the period out to 2030.

The Shareholders’ Meeting also approved the payment of a dividend of €2.20 per share with respect to 2024², representing an increase of more than 5%. The ex-dividend date will be May 29, 2025 and the dividend will be paid on June 2, 2025.

II. Legrand, France’s datacenter champion, reiterates its ambitious 2030 roadmap that will unlock significant value creation

At the Shareholders’ Meeting, Benoît Coquart, CEO of the Group, presented Legrand’s strategic model, which is highly value-creating.

The Group is ideally positioned in a buoyant industry, in particular thanks to i) the depth of its offering, ii) its balanced exposure to various geographies and end-markets, and iii) its unique positioning within its value chain.