January 2017

Zodiac Aerospace shareholders meeting - 2017

Plaisir, January 19, 2017 - After discussing the proposed merger between Safran and Zodiac Aerospace, with the objective of creating a new world leader in aerospace, the Zodiac Aerospace Group held its combined General Shareholders’ Meeting today in Le Port-Marly. The quorum of the shareholders present or represented amounted to 76.16% of the shares with voting rights.
 
The General Shareholders’ Meeting approved all the resolutions submitted to its vote.
  • In particular, the shareholders approved the Group financial statements, the distribution of dividend of €0.32 per share for the 2015/2016 fiscal year, the option for the payment of the dividend in shares and the compensation elements due or granted for the fiscal year ended August 31, 2016 to Mr. Olivier Zarrouati, to Mr. Maurice Pinault and to Mrs. Yannick Assouad.
  • The term of the Office of Directors of Mrs. Gilberte Lombard, Mrs. Laure Hauseux and the one of Mr. Vincent Gerondeau was respectively renewed for two years, four years and four years.
  • The Company Fidoma, represented by Mr. Richard Domange, was appointed as a new member of the Supervisory Board for a term of four years set to expire at the end of the General
 
Shareholders’ Meeting which will approve the financial statements for the financial year ending August 31, 2020. The appointment of Fidoma as a member of the Supervisory Board intends to prepare the succession of Mrs. Elisabeth Domange and Mr. Didier Domange whose mandates will expire definitively at the end of the General Shareholders’ Meeting called to approve the financial statements for the year ended August 31, 2017.
 
The detailed results of the vote will be communicated soon and available on our website www.zodiacaerospace.com
 
Olivier Zarrouati, Chairman of the Executive Board, commented the Group’s outlook for the fiscal year 2016/2017, which will be the one of return in the operational performance thanks to the deployment of the Focus plan. The Group targets a stable sales, due to the drag from the past crisis lead time effect and the helicopter and business jets soft activity. Current Operating Income is expected to show a 10-20% increase, with a strong dissymmetry between the first and the second half-year.

 

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