Arkema’s Combined General Meeting, chaired by Thierry Le Hénaff, Chairman and CEO, was held in Paris on June 1st, 2010, with some 450 people in attendance.
The shareholders, representing 69.8% of share capital, approved all the resolutions agreed by the Board of Directors, in particular:
- the 2009 financial statements and the distribution of a dividend of € 0.60 per share, at the same level as the previous year. The dividend, to be paid on June 9th 2010, reflects the Group’s confidence in its outlook and strong balance sheet and its intention to continue to enable its shareholders to take part in its transformation,
- the ratification of the appointment of Mrs Isabelle Kocher as a Director of the Company,
- the appointment of Mrs Claire Pedini as a new Director of the Company,
- the appointment of Mr Patrice Bréant as a Director of the Company representing employee shareholders,
- Various delegations of authority and financial authorizations granted to the Board of Directors.
At the close of the General Meeting, Arkema’s Board of Directors now comprises eleven directors with a broad range of first-rate and highly complementary skills and experiences, nine of whom are independent.
At this Annual General Meeting Thierry Lemonnier, Arkema Chief Financial Officer, presented the Group’s 2009 results. Thierry Le Hénaff then reviewed the Group’s transformation four years after its stock market listing. He also presented Arkema’s outlook for 2010 and its ambition over the next five years with a target to achieve an EBITDA margin above 13.5% in mid-cycle conditions in a normalized environment, thereby confirming its growth potential, in particular through innovation as well as expansion in Asia.
The voting results for the resolutions are available on the website www.finance.arkema.com under the Annual General Meeting heading.
A global chemical company, Arkema consists of three businesses: Vinyl Products, Industrial Chemicals, and Performance Products. Arkema reported sales of 4.4 billion euros in 2009. Arkema has 13,800 employees in over 40 countries and seven research centers located in France, the United States and Japan. With internationally recognized brands, Arkema holds leadership positions in its principal markets.
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