These Meetings were an opportunity to remind the strategic rationale of the acquisition project of
Delegations and financial authorizations
The Combined Shareholders' Meeting approved all resolutions delegating competence to the Board of Directors related to the acquisition and linked to the following capital increases: Capital increase with preservation of the shareholders' preferential subscription right;
Reserved capital increase for
Governance
The Combined Shareholders' Meeting also approved the appointment of CDPQ, represented by Ms
At the acquisition closing and taking into account the entry into office of two Directors representing employees on
Once the acquisition is closed, the Board of Directors would thus be composed of 42% women and 67% independent Directors.
Independent Directors
Excluding Directors representing employees
Compensation policy of the Chairman and Chief Executive Officer
The Combined Shareholders' Meeting approved the modification of the compensation policy of the Chairman and Chief Executive Officer in order to compensate, on the basis of strict conditions, the success of this operation of transformation and the integration of the new entity.
Elimination of double voting rights
The Special Meeting, which gathered shareholders holding double voting rights, as well as the Combined Shareholders' Meeting, approved the elimination of this mechanism from the company's articles, thus ensuring to all shareholders the implementation of the 'one share-one vote' principle[2].
Subject to completion of the acquisition and with effect as from such date
Subject to completion of the acquisition and with effect as from such date
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