Legrand Appoints Michel Landel as an Independent Director; Approves Distribution for 2018, Payable on June 5, 2019
May 29, 2019 at 12:00 pm EDT
Share
The Combined Ordinary and Extraordinary General Meeting of Legrand Shareholders was held on May 29, 2019, appointed Michel Landel as an independent Director for a four-year term, noting that the Board of Directors held on this day and acting on the recommendation of the Nominations and Governance Committee, appointed Mr. Landel as a member of the Nominations and Governance Committee.
The General Meeting of Shareholders also approved the distribution of a €1.34 per-share dividend in respect of 2018 (compared with €1.26 in respect of 2017). Based on the number of shares outstanding at April 30, 2019, this distribution will be effected under the same conditions as that in respect of the previous year by deducting from: on the one hand, distributable income in an amount of €0.792 per share, and on the other hand, the “issue premium” account in an amount of €0.552 per share. Shares will go ex-dividend on June 3, 2019, and dividends will be paid on June 5, 2019.
Legrand is the global specialist in electrical and digital building infrastructure. Its comprehensive range, suitable for the commercial, industrial, and residential segments of the low voltage market, makes Legrand a benchmark for customers worldwide. Close to its markets and focused on its customers, Legrand has commercial and industrial operations in over 90 countries. The group benefits from solid, long-term growth levers.
Geographically, 41.4% of net sales are generated Europe region, 38.6% in North and Central America and 20% in the rest of the world.
In terms of product offering, 36% of its sales come from products with enhanced value in use (datacenters, connected products in the Eliot program, and energy efficiency programs).
In addition, the group benefits from very solid social and technological megatrends which will support its long-term development.
LEGRAND 
