Arkema’s Combined General Meeting, chaired by Thierry Le Hénaff, was attended by some 540 people at the Palais des Congrès in Paris (France).
The shareholders, representing 57,38% of the shares with voting rights, approved the 2012 financial statements and the distribution of a €1.80 dividend per share due to be paid on June 11th 2013. They also renewed the directors’ term of office of Messrs Bernard Kasriel, Thierry Morin, Marc Pandraud and Philippe Vassor for a four-year term, and ratified the appointment as director of Mrs Victoire de Margerie, which was decided upon on November 7th 2012. The Annual General Meeting approved the renewal of the authorizations to buy back shares and to implement performance share plans in order to closely involve the Group’s employees in its development.
At this Annual General Meeting Thierry Le Hénaff, Chairman and Chief Executive Officer, and Thierry Lemonnier, Chief Financial Officer, highlighted the strengthening of the Group’s profile in specialty activities, its 2012 performance, and its outlook. Thierry Le Hénaff recalled the Group’s ambition to become a world leader in specialty chemicals and advanced materials, as well as its 2016 targets to achieve sales of €8 billion and a 16% EBITDA margin while maintaining gearing below 40%.
The full voting results for the resolutions will be available in the Annual General Meeting section of the website www.finance.arkema.com in the coming days.
A global chemical company and France’s leading chemicals producer, Arkema is building the future of the chemical industry every day. Deploying a responsible, innovation-based approach, we produce state-of-the-art specialty chemicals that provide customers with practical solutions to such challenges as climate change, access to drinking water, the future of energy, fossil fuel preservation and the need for lighter materials. With operations in more than 40 countries, some 14,000 employees and 10 research centers, Arkema generates annual revenue of €6.4 billion, and holds leadership positions in all its markets with a portfolio of internationally recognized brands.