EssilorLuxottica : 2020 Annual Shareholders’ Meeting: Shareholders adopt all Board resolutions
June 25 2020 - 4:37AM
EssilorLuxottica : 2020 Annual Shareholders’ Meeting: Shareholders
adopt all Board resolutions
EssilorLuxottica 2020 Annual
Shareholders’ Meeting:Shareholders adopt all Board
resolutions
Charenton-le-Pont, France (June 25, 2020
– 11:30 am) – EssilorLuxottica’s Annual Shareholders’
Meeting was held today behind closed doors at the Company’s
headquarters in Paris, chaired by Juliette Favre, Director of
EssilorLuxottica and President of Valoptec, the association of
EssilorLuxottica employee-shareholders.
EssilorLuxottica shareholders were invited to
submit their votes prior to the meeting. EssilorLuxottica
shareholders approved all the 14 resolutions submitted by the Board
of Directors. All presentations, along with answers to the
questions sent by shareholders and results of votes are available
at EssilorLuxottica.com, on a dedicated webpage –
https://www.essilorluxottica.com/2020agm.
Dividend to be discussed by end of year
based on the Group’s recovery assessmentAs announced in
April in order to take the necessary measures to respond to the
COVID-19 pandemic and to prepare the Company for recovery, the
Board of Directors of EssilorLuxottica has decided not to submit a
dividend distribution. In the second half of the year, it will
further assess the state of the business and the efficacy of all
the measures undertaken to face the pandemic. If the recovery is
solid enough, a special dividend payment could be proposed before
the end of 2020.
As highlighted in today’s presentations, the
Company enjoyed strong momentum and cash flow through its
activities in 2019. This provided a solid basis to accelerate on
the plan presented at the Capital Markets Day 2019 and deliver the
expected synergies. The Company also successfully enhanced its
product innovation including e-chromic eyewear and most recently
the Ray-Ban complete pair offer with Essilor lenses. It also
further digitalized its business and progressed in several
integration workstreams.
In the first half of this year, EssilorLuxottica
responded to the COVID-19 pandemic by protecting its people and
communities, alongside its business. This included heightened
health and safety measures across factories, stores and offices,
and the launch of a Euro 100 million fund and emergency pay plan to
help the most vulnerable employees and their families. To support
customers throughout this crisis, EssilorLuxottica developed
training and designed a set of recommendations on how to reorganize
in-store spaces for increased safety, as well as guidance on the
safe use of instruments for eye exams and measurement. The Company
also donated more than two million units of personal protective
equipment including safety goggles, protective eyewear and face
masks to hospitals, public institutions, employees and partners in
the various countries in which it operates. These include China,
Italy, France, Germany, Spain, Portugal, the United States, Brazil,
Colombia, Israel, Australia, India, Bangladesh, and many more.
As lockdowns are gradually being lifted across
geographies, the Company has reopened all of its factories and most
of its stores and has begun to see initial signs of recovery.
Update on the Board of Directors
composition EssilorLuxottica shareholders have ratified
the appointment of Paul du Saillant, CEO of Essilor International,
as Director of EssilorLuxottica, replacing Laurent Vacherot, who
retired earlier in the year.
“We want to thank all shareholders for
supporting our efforts to lead in the best possible way. Our focus
today is two-fold: continue to drive our business with the
necessary safety measures for our people and our customers, while
accelerating our recovery and catching new opportunities. I am
proud of the decisions that we made and the way our management and
our teams have executed our strategy. In the face of adversity, we
have shown what we are truly made of,” commented Leonardo Del
Vecchio, Executive Chairman of EssilorLuxottica.
“The engagement of our people and the agility of
our operations illustrate the strength of our mission. The
Company’s commitment to helping its customers and communities
demonstrates its unfailing support not only to the industry, but
also to populations in need everywhere in the world. In an industry
that has once again proven resilient, together we are doing all
that is needed so the Company can continue to play its role and
deliver on its mission,” added Hubert Sagnières, Executive
Vice-Chairman of EssilorLuxottica.
To read today’s message to shareholders by the
Executive Chairman and Executive Vice Chairman, click here.
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 2019, EssilorLuxottica
had over 150,000 employees and consolidated revenues of Euro 17.4
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: ESLX.PA; Bloomberg:
EL:FP.
CONTACTS
EssilorLuxottica Investor
Relations(Charenton-le-Pont) Tel: + 33 1 49 77 42
16(Milan) Tel: + 39 (02) 8633 4870E-mail:
ir@essilorluxottica.com |
EssilorLuxottica Corporate
Communications(Charenton-le-Pont) Tel: + 33 1 49 77 45
02(Milan) Tel: + 39 (02) 8633 4470E-mail:
media@essilorluxottica.com |
- DOWNLOAD PDF VERSION OF THE NEWS RELEASE
Essilorluxottica (BIT:1EL)
Historical Stock Chart
From Apr 2024 to May 2024
Essilorluxottica (BIT:1EL)
Historical Stock Chart
From May 2023 to May 2024