ABC arbitrage : Report on the Combined General Meeting of June 9, 2023

ABC arbitrage

Report on the Combined General Meeting of June 9, 2023

2022 dividend balance

The Combined General Meeting of ABC Arbitrage shareholders, chaired by Dominique Ceolin, Chairman and CEO, was held on Friday June 9, 2023 and adopted all the resolutions proposed to it.

The documents detailing the votes, resolution by resolution, for the ordinary and extraordinary general meetings have been published on the company's website (abc-arbitrage.com).

Nomination - Among the adopted resolutions, the shareholders decided to: appoint BM&A as joint statutory auditor, renew the term of office of Dominique CEOLIN as Member of the Board of Directors, and appoint David HOEY as Member of the Board of Directors. The Board of Directors meeting that followed the Combined General Meeting decided to reappoint Dominique CEOLIN as Chairman and Chief Executive Officer. The Board also approved the proposal for a new organisation presented by David HOEY and Dominique CEOLIN, and agreed not to renew David HOEY's appointment as Deputy Chief Executive Officer. He will therefore be able to devote himself fully to specific missions within the Group, in particular as a director of ABC arbitrage and its subsidiaries ABC arbitrage Asset Management Asia and ABC arbitrage Asset Management, in addition to his role as a director of ABCA Funds Ireland Plc. The Board would like to thank David HOEY for his constructive involvement in setting up this new organisation, which is essential to the Group's ambitions. After 12 years on the Board, the General Meeting also decided not to renew the term of office of Sabine ROUX de BEZIEUX, in order to comply with the general principles of corporate governance and the rules of independence. The Board of Directors extends its warmest thanks to her for her many years on the Board.

Distributions - Among the resolutions adopted, the Ordinary Shareholders' Meeting, after approving the company and consolidated financial statements, decided to distribute a balance of €0.11 per ordinary share for the year 2022. Taking into account the payments of €0.10 per share in October and December 2022, plus the interim dividend of €0.10 per share in April 2023, the distributions for fiscal year 2022 amount to €0.41 per share.

The Board of Directors, which met after the General Meeting, has decided to pay the dividend entirely in cash, in accordance with what was stated at the General Meeting.

The distribution schedule of €0.11 per share is as follows: ex-dividend date: Tuesday July 4, 2023 and payment date: Thursday July 6, 2023.

Finally, as a reminder, ABC arbitrage intends to pay interim dividends of €0.10 per share in October 2023, December 2023 and April 2024. This intention will nevertheless have to be validated by the various dedicated Boards of Directors, after having noted in particular that the distributable profit to date is compatible with this intention.

Group's Activity - The Combined General Meeting was also an opportunity for the company to provide an update on the Group's activity in the first few months of the 2023 financial year. This information was published in a press release dated 8 June 2023 and available on the website (link below).

All this information is available on the group's website at the following link: abc-arbitrage.com