Elior Group’s Shareholders’ Meeting Approves New Group Governance with a Notable Increase in the Number of Independent Directors Serving on the Board and a New Management

PARIS--(BUSINESS WIRE)-- Regulatory News:

At the Group’s Ordinary and Extraordinary Shareholders’ Meeting convened today, Elior Group (Paris:ELIOR) shareholders voted in favor of all 34 resolutions proposed by the Board of Directors. As such the Shareholders’ Meeting approved:

  • The corporate and consolidated financial statements for fiscal 2016-2017, as well as all resolutions concerning compensation (Say on pay).
  • A dividend payout in the amount of €0.42 per share relative to fiscal 2016-2017, to be distributed on April 17, 2018 (ex-dividend date: March 16, 2018) with the option for shareholders to receive shares in lieu of a cash payment. The price of these new shares to be issued in payment of the dividend is set at €16.88, i.e. equal to 95% of the average of the trading prices of the twenty stock exchange trading days preceding the date of the Shareholders' Meeting, less the net amount of the dividend.
  • All resolutions concerning the governance of the company, notably the ratification of the appointment by cooptation of Gilles Cojan to serve as a director of the Company, and the appointments of Philippe Guillemot, Fonds Stratégique de Participations (represented by Virginie Duperat-Vergne) and Bernard Gault to serve as directors of the company.

As a result of today’s Ordinary and Extraordinary Shareholders’ Meeting, the governing structure of the Group has emerged stronger both in terms of balance and independence. Six of the ten directors serving on the Board are now independent.

This general approval is a sign of shareholder confidence in Elior Group’s new management team headed up by CEO Philippe Guillemot, who will be presenting the Group’s strategic plan on June 26, 2018.

The English-language version of this document is a free translation from the original, which was prepared in French. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions expressed therein, the original language version of the document in French takes precedence over this translation.

About Elior Group

Founded in 1991, Elior Group has grown into one of the world's leading operators in the catering and support services industry, and has become a benchmark player in the business & industry, education, healthcare and travel markets. Now operating in 16 countries, the Group generated €6,422 million in revenue through 25,000 restaurants and points of sale in FY 2016-2017. Our 127,000 employees serve 5.5 million people on a daily basis, taking genuine care of each and every one by providing personalized catering and service solutions to ensure an innovative customer experience.

We place particular importance on corporate social responsibility and have been a member of the United Nations Global Compact since 2004, reaching the GC Advanced Level in 2015. The professional excellence of our teams as well as their unwavering commitment to quality and innovation and to providing best-in-class service is embodied in our corporate motto: "Time savored".

For further information please visit our website http://www.eliorgroup.com or follow us on Twitter @Elior_Group

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Elior Group
Press contacts
Inès Perrier – ines.perrier@eliorgroup.com / +33 (01 71 06 70 60
Anne-Laure Sanguinetti – anne-laure.sanguinetti@eliorgroup.com / +33 (0) 1 71 06 70 57
Investor relations
Marie de Scorbiac- marie.descorbiac@eliorgroup.com / +33 (0) 1 70 06 70 13

Source: Elior Group