Rexel’s 2013 Annual General Meeting
Rexel, a global leader in the distribution of electrical supplies, held its Shareholders’ Assembly today in Paris.
All the resolutions submitted to shareholder vote were approved by a large majority, including those pertaining to the dividend payment and the composition of the Supervisory Board.
Dividend payment
Rexel’s annual meeting of shareholders held on May 22, 2013 has decided to distribute a dividend of €0.75 per share and has also decided to offer to each shareholder the choice of opting for the payment of the dividend either in cash or in new shares of Rexel. The shareholders can exercise their option from May 31, 2013 (inclusive) to June 21, 2013 (inclusive) upon request to the concerned financial intermediaries. In the event of the absence of exercise of the option before June 21, 2013 (inclusive), the dividend will be paid only in cash. The choice will apply to the full dividend amount for which this choice is offered. The price of the new shares issued for the payment of the dividend is set at € 14.59.The record date is May 30, 2013 and the ex-dividend date is May 31, 2013. The payment in cash or the delivery of the new shares when the option is exercised will be carried out from July 2, 2013. The maximum number of new shares that can be issued if the option is exercises is 13,923,456, i.e. 5.10% of Rexel’s share capital and voting rights.
Renewed mandates for three members of the Supervisory Board and appointment of one member
Shareholders also voted in favour of renewing the mandates of three members of the Supervisory Board for four years: Manfred Kindle, Thomas Farrell, and Eurazeo.
Shareholders also ratified the appointment of Vivianne Akriche to the Supervisory Board, which was decided at the Supervisory Board meeting held on February 11 2013. Akriche replaces Luis Marini Portugal.