ZODIAC AEROSPACE Zodiac Aerospace shareholders meeting
Plaisir, January 19, 2017 - After discussing the proposed merger between Safran and Zodiac Aerospace, with the objective of creating a new world leader in aerospace, the Zodiac Aerospace Group held its combined General Shareholders' Meeting today in Le Port-Marly. The quorum of the shareholders present or represented amounted to 76.16% of the shares with voting rights[1].
The General Shareholders' Meeting approved all the resolutions submitted to its vote.
- In particular, the shareholders approved the Group financial statements, the distribution of dividend of €0.32 per share for the 2015/2016 fiscal year, the option for the payment of the dividend in shares and the compensation elements due or granted for the fiscal year ended August 31, 2016 to Mr. Olivier Zarrouati, to Mr. Maurice Pinault and to Mrs. Yannick Assouad.
- The term of the Office of Directors of Mrs. Gilberte Lombard, Mrs. Laure Hauseux and the one of Mr. Vincent Gerondeau was respectively renewed for two years, four years and four years.
- The Company Fidoma, represented by Mr. Richard Domange, was appointed as a new member of the Supervisory Board for a term of four years set to expire at the end of the General Shareholders' Meeting which will approve the financial statements for the financial year ending August 31, 2020. The appointment of Fidoma as a member of the Supervisory Board intends to prepare the succession of Mrs. Elisabeth Domange and Mr. Didier Domange whose mandates will expire definitively at the end of the General Shareholders' Meeting called to approve the financial statements for the year ended August 31, 2017.
The detailed results of the vote will be communicated soon and available on our website www.zodiacaerospace.com
Olivier Zarrouati, Chairman of the Executive Board, commented the Group's outlook for the fiscal year 2016/2017, which will be the one of return in the operational performance thanks to the deployment of the Focus plan. The Group targets a stable sales, due to the drag from the past crisis lead time effect and the helicopter and business jets soft activity. Current Operating Income is expected to show a 10-20% increase, with a strong dissymmetry between the first and the second half-year.
About Zodiac Aerospace
Zodiac Aerospace is a world leader in aerospace equipment and systems for commercial, regional and business aircrafts and for helicopters and spacecrafts. It develops and manufactures state-of-the-art solutions to improve comfort and facilities on board aircrafts and high-technology systems to increase aircraft performance and flight safety. Zodiac Aerospace has 35,000 employees worldwide and generated revenue of €5.2bn in 2015/2016. www.zodiacaerospace.com
| Next meetings: | Q2 and H1 sales 2016/2017 H1 results 2016/2017 Q3 sales 2016/2017 | March 14, 2017 (after stock exchange closing) April 20, 2017 (before stock exchange opening) June 14, 2017 (after stock exchange closing) | |||
| ZODIAC AEROSPACE CONTACTS Pierre-Antony VASTRA Tel: +33 (0)1 61 34 25 68 Florent DEFRETIN Tel: +33 (0) 1 61 34 03 34 Isabelle DELHOM (Investors meetings) Tel : +33 (0)1 61 34 19 86 investisseurs@zodiacAerospace.com 61, rue Pierre Curie - CS20001 - 78373 PLAISIR CEDEX | MEDIA/PRESS CONTACTS - IMAGE 7 Priscille RENEAUME Tel: +33 (0) 1 53 70 74 61 / Upreneaume@image7.frU Grégoire LUCAS Tel: +33 (0) 1 53 70 74 61 / Uglucas@image7.frU | ||||
[1] General quorum, i.e. 293,778,248 voting rights and 211,160,977 shares.
Extraordinary quorum represented 75.48% of the shares with voting rights.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zodiac Aerospace via Globenewswire
