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    BOL   FR0000039299

BOLLORÉ SE

(BOL)
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Bollore : Notice of meeting

05/03/2021 | 09:21am EDT

Bolloré

2021 Notice of meeting

Combined General Meeting

Wednesday, May 26, 2021 - 10:00 am

Important notice, given the exceptional circumstances related to the coronavirus (Covid-19) - See following page

Warning

- Health situation

In the light of the Covid-19 epidemic, and subsequent to the measures taken by the authorities to halt its spread, the Chairman and Chief Executive Officer, authorized by the Company's Board of Directors on March 4, 2021, has decided, exceptionally, to organize the General Shareholders' Meeting of May 26, 2021 on a closed-door basis without the physical attendance of its shareholders or other persons with the right to attend,

at Tour Bolloré, 31-32 quai de Dion-Bouton, in Puteaux (92800). Shareholders or other persons with the right to attend will not be present either physically or by telephone or audiovisual conference call. The decision is consistent with the provisions of order no. 2020-1497 of December 2, 2020 extending and modifying order no. 2020-321 of March 25, 2020 adapting the rules for meeting and deliberation of the assemblies and governing bodies of legal entities and entities without a legal personality under private law owing to the Covid-19 epidemic, as well as with the provisions of Decree no. 2021-255 of March 9, 2021 extending the application period of order no. 2020-321 of March 25, 2020, decree no. 2020-418

of April 10, 2020, and decree no. 2020-629 of May 25, 2020.

At the date of convening, the physical presence of members at the General Shareholders' Meeting is prevented by several administrative measures limiting or prohibiting the circulation of the population and collective gatherings for health reasons.

Consequently, no admission cards may be issued and the shareholders may exercise their voting rights solely on a remote basis or by post, and prior to the Meeting.

Shareholders are asked to make their postal votes using the voting form or the Internet, via the VOTACCESS secure voting platform, or to give a proxy to the Chairman of the Meeting or to a person of their choice using the same methods. Shareholders are also encouraged to transmit all their requests and documents electronically.

Bolloré SE will keep its shareholders informed of any potential changes to the conditions for participating in and voting at the General Shareholders' Meeting. To that end, each shareholder is asked to regularly check the General Meeting section on the www.bollore.com website.

The General Shareholders' Meeting will be broadcast both live and delayed on the www.bollore.com website.

This is a translation into English of the notice of meeting of the Company issued in French and it is available on the website of the Issuer.

Message from the Chairman

02

1

Procedures for participating

04

in General Shareholders' Meeting

Prior formalities for participating in the General

Shareholders' Meeting

04

How to take part in General Shareholders' Meeting

04

Voting form

06

2

Summary

08

Comments on the businesses and results

09

Financialresultsofthecompany

during the last five fiscal years

11

3

Agenda

12

Agenda of the Ordinary General Meeting

of May 26, 2021

12

Agenda of the Extraordinary General Meeting

of May 26, 2021

12

4

Reports to General Shareholders' Meetings

13

Presentation of the resolutions of the Combined General

Meeting of May 26, 2021

13

Governance

16

Conditions for the preparation and organization

of the work of the Board of Directors (article L. 22-10-10,

1° of the French commercial code [Code de commerce])

17

Information about the directors

20

Table summarizing current delegations

21

Compensation and benefits of company officers

22

Statutory Auditors' special report on regulated agreements

27

5

Text of the resolutions

28

Draft resolutions submitted to the Combined General

Meeting of May 26, 2021

28

6

Useful information

32

Procedures for exercising the option of submitting

written questions

32

For more information

32

2021 NOTICE OF MEETING - BOLLORÉ SE

1

Cyrille Bolloré

Chairman and Chief Executive Officer

Message

from the Chairman

Our 2020 results show good performances across all the Group's business sectors despite the particularly difficult environment resulting from the health crisis, which is affecting the entire planet.

Bolloré Transport & Logistics' business activities proved particularly resilient, with adjusted operating income (EBITA) of 607 million euros, down 2% at constant scope and exchange rates. Solid performances in freight forwarding, port terminals and oil logistics practically offset the expected impact of the end of the Douala

Terminal concession in Cameroon at the end of 2019 and the slowdown in logistics in Africa.

The results of the Communications sector, i.e. the business activities of Vivendi, increased 4% to 1,627 million euros, driven by the results of Universal Music Group

2 BOLLORÉ SE - 2021 NOTICE OF MEETING

I know I can count on all the people who make up our Group. I would like to thank them for their remarkable commitment and resilience in 2020.

(+18%) and Groupe Canal+ (+27%). The results of the Electricity storage and systems sector improved sharply, coming out at -102 million euros in 2020, for an increase of 332 million euros on 2019, which included

  1. substantial non-recurring impairment as part of the strategic redeployment in batteries and buses.

Overall, Group EBITA totaled 2,043 million euros, up 23%, while revenue, amounting to 24,109 million euros, contracted 3% at constant scope and exchange rates. Net income came out at 1,563 million euros, up 11%, and net income Group share was 426 million euros, for an increase of 79%. This total does not include the capital gain from the sale in March 2020 of 10% of the share capital of UMG to a Tencent-led consortium based on an enterprise value of 30 billion euros for 100% of UMG.

Bolloré also continued to reduce its net debt, which fell (excluding the financial debt of Vivendi's) to 4.2 billion euros at end- 2020. Vivendi's financial debt, having reached nearly 5 billion euros at end-2020, decreased substantially at the start of 2021 with the sale of an additional 10% of UMG for 2.8 billion euros.

As a result, the consortium led by Tencent now owns 20% of UMG. With the transaction finalized, Vivendi is now able to envisage the distribution of 60% of UMG's share capital to shareholders. The Extraordinary General Meeting of Vivendi's shareholders on March 29, 2021 having approved by 99.98% the change in the bylaws, making it possible to proceed with a distribution in specie, Vivendi will pursue this project, the objective being a distribution before the end of 2021.

Against the backdrop of the Covid-19 health crisis, the Group will continue in 2021 to invest in its various businesses while demonstrating extreme caution. In this difficult environment, I know I can count on all the people who make up our Group. I would like to thank them for their remarkable commitment and resilience in 2020. 

2021 NOTICE OF MEETING - BOLLORÉ SE

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Bolloré SE published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 13:20:03 UTC.


© Publicnow 2021
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