Annual General Meeting and Board of Directors’ Meeting of 17 April 2018
Group

Annual Meeting 2018

The Annual General Meeting of L’Oréal shareholders was held in Paris, on Tuesday 17 April 2018, under the chairmanship of Mr Jean-Paul Agon, Chairman and Chief Executive Officer.

The Annual General Meeting adopted all the proposed resolutions, and in particular:

• approved the parent company financial statements and the consolidated financial statements for 2017;

• decided on the distribution of a dividend of €3.55 per share. This dividend is increased to €3.90 for shares that have been continuously registered for at least two years. 
  Dividend paymentdate: Friday 27 April 2018;

• appointed two new Directors, Mr Patrice Caine and Mr Axel Dumas for a four-year term;

• renewed the tenure as Directors of Mr Jean-Paul Agon and Mrs Belén Garijo, for a four-year term.


The Board of Directors’ Meeting
, held at the close of the Annual General Meeting has decided to renew the duties of Mr Jean-Paul Agon as Chairman and Chief Executive Officer. 
The Board was informed of the renewal for four years of the tenure as employee director of Mrs Ana Sofia Amaral and of Mr Georges Liarokapis, appointed respectively by the Instance Européenne de Dialogue Social (European Works Council) and by the CFE-CGC, the most representative trade union organisation at L’Oréal in France.

Moreover, the Board of Directors has decided, under the authorisation voted by the Annual General Meeting of 20 April 2017, to set up a share buyback programme amounting to a maximum of €500 million during the second quarter of 2018. 

All the shares bought back will be cancelled.

 

***

The results of the votes are available on the www.loreal-finance.com website
A summary of the AGM will be provided in the next L’Oréal “Letter to Shareholders”, available on request and on the www.lorealfinance.com website.

 

 

More from this topic

Triple A CDP

L'Oréal recognized as a global environmental leader with triple ‘A’ score given by the CDP

22/01/2019

L’Oréal has been highlighted as a global leader in corporate sustainability by environmental impact non-profit CDP, achieving a place on the CDP A List for climate change, water security and forests - all three environmental themes covered by CDP scores.

Share and Care_photoprincipale

Share & Care: Where L’Oréal and social protection meet

27/11/2018

Over the past five years, L’Oréal has carried out dozens of initiatives to help provide employees with solid social guarantees. These initiatives are the work of the L'Oréal Share & Care program, which has positioned the Group today as a leading employer in terms of social protection in each of its markets.

Logocos acquisition

L’Oréal acquires German natural beauty company Logocos Naturkosmetik AG

11/08/2018

L’Oréal announces the signing of an agreement to acquire Logocos Naturkosmetik AG, the German beauty company which pioneered natural cosmetics with the brand Logona and other brands such as Sante. All the company’s brands are vegan and bio certified with a range of products using their own plant extracts and natural ingredients derived from organic farming.