Barco held its extraordinary and annual general meeting on 29 April 2021 in Kortrijk, Belgium.
Shareholders approved all agenda items.
Barco makes reference to the agenda as shared in the convening of the annual general meeting and more specifically the topics regarding authorisation to increase issued capital, dividend, composition of the board of directors and the re-appointment of the statutory auditor.
AUTHORISATION TO INCREASE ISSUED CAPITAL
The extraordinary meeting approved the proposal to authorise the board to increase the capital in one or more steps with an amount not to exceed thirty percent (30 percent) of the capital. The Board can use this authorisation for a period of five (5) years.
Following the proposal of the Board of Directors the General Meeting approved the gross dividend over 2020 at 378 eurocents (€ 0.378) per fully paid up share.
- Ex-Dividend Trading date: Monday 10 May 2021
- Record date: Tuesday 11 May 2021
- Payment date: Wednesday 9 June 2021
In relation to the dividend and the authorisation to increase the capital, the proposal to have the option for the shareholders to have the dividend paid out in shares was also approved. The conditions and modalities were explained in the press release of 29 April 2021, 7:30 am and presented at the general meeting.
APPROVAL OF THE REMUNERATION POLICY AND REMUNERATION REPORT
The general meeting has approved Barco’s remuneration policy as disclosed and made available on Barco’s corporate governance portal: https://www.barco.com/en/about-barco/corporate-governance
The general meeting has also approved the remuneration report with respect to the fiscal year ending December 31, 2020. This report is included in the Corporate Governance report of Barco’s annual report 2020: https://ir.barco.com/2020/uploads/files/PDF/Barco-IR2020-CGR.pdf
COMPOSITION BOARD OF DIRECTORS
The General Meeting has re-appointed Mrs. Hilde Laga as independent director for a period of three (3) years until the closing of the ordinary general meeting of 2024.
The General meeting has decided to appoint Mrs. Lieve Creten as independent director of the board for a period of three (3) years from the closing of this general meeting until the closing of the ordinary general meeting of 2024.
Mrs. Creten holds a Master’s degree in business engineering from the University of Leuven as well as a postgraduate in tax sciences. She is a certified public accountant and a partner at Deloitte for more than twenty years, where she has developed the M+A practice for national and international investors in various sectors and headed the Financial Advisory business as managing partner from 2008 to 2019. She was a member of the executive committee of Deloitte Belgium until 2019. In addition, she was part of the global executive team of Deloitte Financial Advisory from 2015 to 2021. She was a member of the supervisory board and audit committee of Deloitte Belgium from 2000 to 2008.
RE-APPOINTMENT OF A STATUTORY AUDITOR
The general meeting decided to re-appoint BV PwC Bedrijfsrevisoren, as statutory auditor for a term of three years. The mandate expires after the general meeting of shareholders that has to approve the annual accounts as at December 31, 2023.