COMBINED ANNUAL GENERAL MEETING 2022
- Approval of the financial statements for 2021-2022, showing total net income of
95.4 million euros - A net dividend of
1.60 euros per share, constant in nominal value compared to the previous fiscal year - Confirmation of the objectives for 2022-2023
The Combined Annual General Meeting of
The Shareholders therefore had the opportunity to deliberate on the resolutions submitted for their approval and exchange on the Company's strategy and outlook.
Approval of the resolutions
All the resolutions submitted to the vote of the Shareholders were approved, with the exception of the twentieth resolution, which proposed delegation to the Board of Directors to proceed with an increase in capital stock reserved for employees. The Board of Directors made no voting recommendation on this resolution, as the employees already benefit from other forms of profit-sharing.
Approval of the financial statements for 2021-2022
The Combined General Meeting of Shareholders approved the financial statements for fiscal year 2021-2022, posting sales of
A dividend of 1.
The Combined General Meeting of Shareholders fixed the dividend at
Dividends will be detached on
Ratification of the provisional appointment of Éric GRELICHE, as Board Member
The Combined General Meeting of Shareholders ratified the provisional appointment of Éric GRELICHE as Board Member, for the remainder of his predecessor's term of office, i.e. until the end of the Annual General Meeting called to deliberate on the financial statements for the fiscal year closing on
Member of the Limagrain Board since 2005, Éric GRELICHE has exercised several mandates within the Group's different divisions. He is currently Vice Chairman of
Ratification of the provisional appointment of Pierre-Antoine RIGAUD, as Board Member
The Combined General Meeting of Shareholders ratified the provisional appointment of Pierre-Antoine RIGAUD as Board Member, for the remainder of his predecessor's term of office, i.e. until the end of the Annual General Meeting called to deliberate on the financial statements for the fiscal year closing on
Member of the Limagrain Board since 2016, Pierre-Antoine RIGAUD has exercised several mandates within the Group's different divisions. He is currently Vice Chairman of
Renewal of the term of office of Marie-Yvonne CHARLEMAGNE as an independent Board Member
The Combined General Meeting of Shareholders renewed the term of office as independent Board Member of Marie-Yvonne CHARLEMAGNE, for the duration of three years, expiring at the end of the Annual General Meeting called to deliberate on the financial statements closing on
Confirmation of the objectives for 2022-2023
In spite of market conditions that are likely to remain uncertain and fluctuating,
- an increase in sales of between 6% and 8%1, excluding the positive impact of the EGalim law (which will however be neutral concerning the operating income)2,
- a current operating margin rate of at least 8%, which will take into account investment into research of a similar level (as a percentage of sales) to that of the two previous fiscal years, and spread evenly between Vegetable Seeds and
Field Seeds , - a contribution from associated companies – mainly AgReliant (
North America .Field Seeds ), Seed Co (Africa .Field Seeds ), AGT (Australia .Field Seeds ) and Hengji Limagrain (China .Field Seeds ) – at least equal to that of fiscal year 2021-2022.
As a reminder, at the end of the first quarter of fiscal year 2022-2023,
You can consult thepresentation and detailed results of the votes in French of the Combined General Meeting of Shareholders on the website www.vilmorincie.com
Coming disclosures and events | For any further information | |
Detachment of the dividends Payment of the dividends Disclosure of sales and results for the first semester 2022-2023* Disclosure of sales at the end of the 3rd quarter 2022-2023* Disclosure of sales for 2022-2023* Disclosure of results for fiscal year 2022-2023* Annual General Meeting of Shareholders *Disclosure after trading on the Dates provided as an indication only, and liable to be changed. | Anthony CARVALHO Chief Financial Officer Édouard ROCHE Head of Financial Communication and Investor Relations Tel: + 33 (0)4 73 63 40 08 e-mail: contact@diffusion.vilmorincie.com www.vilmorincie.com |
The 4th largest seed company in the world, pure play in its sector,
True to its long-term vision of development,
Appendix
Glossary
Current operating margin
The current operating margin is defined as the accounting operating margin restated for any impairment and reorganization costs.
Like-for-like data
Like-for-like data is data that is restated for constant scope and currency translation. Financial data for the previous fiscal year is restated with the average rate for the current fiscal year, and any other changes to the consolidation scope, in order to be comparable with data for the current fiscal year.
Research investment
Research investment refers to gross research expenditure before recording any research costs and tax relief as fixed assets.
1 On a like-for-like basis.
2 The law of
3 Cf.
Attachment
- CP post-AG_2021_VCO_EN_vdef
© OMX, source