EssilorLuxottica - Press Release: EssilorLuxottica 2018 Combined Shareholders' Meeting
30 November 2018 - 6:00AM
EssilorLuxottica
2018 Combined Shareholders' Meeting
Charenton-Le-Pont (November 29, 2018 -
8:00 pm) - EssilorLuxottica held its first Combined General
Meeting today at the Espace Grande Arche at La Défense, chaired by
Leonardo Del Vecchio, Executive Chairman, and Hubert Sagnières,
Executive Vice-Chairman, of EssilorLuxottica.
EssilorLuxottica shareholders
approved today the proposals submitted by the board (and published
in compliance with the provisions of law) regarding the ten
resolutions listed below:
Ordinary
meeting
- Approval of the compensation
policy applicable to the Executive Corporate Officers
- Increase of the Directors'
fees
- Ratification of the co-optation
of Ms. Sabrina Pucci as Director in replacement
of Ms. Rafaella Mazzoli
- Board authorisation to proceed
with the purchase of the Company's own ordinary shares
Extraordinary
meeting
- Authorisation to be granted to
the Board of Directors to reduce the share capital by cancelling
Company shares
- Delegation of authority granted
to the Board of Directors for the purposes of deciding a capital
increase reserved for members of a Company Savings Plan (French
plans d'épargne d'entreprise or "PEE"), without preferential
subscription rights (ceiling of 0.5% of the share capital)
- Authorisation to be granted to
the Board of Directors to proceed with the award of free existing
shares (also called performance shares)
- Authorisation to be granted to
the Board of Directors to grant stock-options giving right
to purchase existing shares subject to performance
conditions
- Authorisation to be granted to
the Board of Directors to proceed with the award of free
existing shares to certain Luxottica group employees,
replacing cash retention bonuses previously promised to them by
Luxottica
- Powers to carry out
formalities
Leonardo Del Vecchio, Executive
Chairman of EssilorLuxottica quote: "I was honored
today to open the first Shareholders' Meeting of EssilorLuxottica.
I face my role with a great sense of responsibility and a desire to
be able to be a point of reference for all the shareholders of our
new Group, while generating growth, achieving synergies and
creating value for them. From today we expect the important process
of integration to have an emphasis on extreme simplicity and speed
of execution, focusing the two operating companies in their
respective areas of excellence: Luxottica in frames and Essilor in
lenses."
Hubert Sagnières, Executive
Vice-Chairman of EssilorLuxottica, commented, "With its first shareholder meeting held today, we continue
to lay the foundations of EssilorLuxottica. I
am delighted that the Group has taken a decisive step forward to
further develop employee shareholding within the Group with the
support of its shareholders. The involvement of employees has
always been key to Essilor's development and I am proud to see that
our shareholders recognize the importance of this as a core feature
of the new entity. Going forward, the Group is in a unique position
to advance its mission and to fully seize growth opportunities in a
very dynamic market."
EssilorLuxottica
is a global leader in the design, manufacture and distribution of
ophthalmic lenses, frames and sunglasses. Formed in 2018, its
mission is to help people around the world to see more, be more and
live life to its fullest by addressing their evolving vision needs
and personal style aspirations. The company brings together the
complementary expertise of two industry pioneers, one in advanced
lens technology and the other in the craftsmanship of iconic
eyewear, to set new industry standards for vision care and the
consumer experience around it. Influential eyewear brands including
Ray-Ban and Oakley, lens technology brands including
Varilux® and
Transitions®, and
world-class retail brands including Sunglass Hut and LensCrafters
are part of the EssilorLuxottica family. In 2017, EssilorLuxottica
had nearly 150,000 employees and pro forma consolidated revenues
would have reached approximately Euro 16 billion.
The EssilorLuxottica share trades on the Euronext
Paris market and is included in the Euro Stoxx 50 and CAC 40
indices.
Codes and symbols: ISIN: FR0000121667; Reuters:
EL.PA; Bloomberg: EL:FP.
CONTACTS
EssilorLuxottica Investor
Relations
(Charenton-le-Pont) Tel: + 33 1 49 77 42 16
(Milan) Tel: 39 (02) 8633 4870
E-mail: ir@essilor-luxottica.com
|
EssilorLuxottica Corporate
Communications
(Charenton-le-Pont) Tel: + 33 1 49 77 45 02
(Milan) Tel: + 39 (02) 8633 4470
E-mail: media@essilor-luxottica.com |
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Source: EssilorLuxottica via Globenewswire
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