LafargeHolcim Annual General Meeting 2019: Shareholders approve all Board proposals

15 May 2019
 

The shareholders of LafargeHolcim who attended today’s Annual General Meeting approved all the motions proposed by the company’s Board of Directors. 784 shareholders representing a total of 66.06 percent of the company’s share capital attended the Annual General Meeting.

Shareholders confirmed the proposed distribution of a dividend of CHF 2.00 per registered share of LafargeHolcim Ltd from capital contribution reserves. LafargeHolcim shareholders are given the choice of having the dividend paid out in cash, in new LafargeHolcim Ltd shares issued at a discount of 8 percent or as a combination of cash and shares. The shareholders also approved the creation of authorized capital for this scrip dividend.

The Annual General Meeting confirmed Beat Hess as Chairman of the company’s Board of Directors. Except for Nassef Sawiris and Gérard Lamarche who did not stand for re-election, all other existing members of the Board were confirmed in office. Colin Hall, Naina Lal Kidwai and Claudia Sender Ramirez were newly elected to the Board.

The members of the Board of Directors are now as follows: Beat Hess (Chairman), Oscar Fanjul (Vice-Chairman), Paul Desmarais, Jr., Colin Hall, Naina Lal Kidwai, Patrick Kron, Adrian Loader, Jürg Oleas, Claudia Sender Ramirez, Hanne Birgitte Breinbjerg Sørensen and Dieter Spälti. Shareholders also confirmed the following members of the Nomination, Compensation & Governance Committee: Paul Desmarais Jr., Oscar Fanjul, Adrian Loader, Hanne Birgitte Breinbjerg Sørensen.

Shareholders approved the annual report and annual financial statements of the Group and of LafargeHolcim Ltd. They also approved the compensation report in an advisory vote. In two separate binding votes shareholders approved the maximum overall amount of compensation paid to members of the Board for the period between the 2019 and 2020 Annual General Meetings, and the total maximum amount of compensation paid to members of the Executive Committee for the 2020 financial year. Shareholders further approved to cancel shares repurchased under the share buyback program announced in June 2017 and completed in March 2018.

Shareholders should note that due to certain legal restrictions shareholders in certain jurisdictions may not be entitled to make an election to receive shares. 

 

About LafargeHolcim

LafargeHolcim is the global leader in building materials and solutions. We are active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. With leading positions in all regions of the world and a balanced portfolio between developing and mature markets, LafargeHolcim offers a broad range of high-quality building materials and solutions. LafargeHolcim experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeHolcim materials and solutions is driven by global population growth, urbanization, improved living standards and sustainable construction. Around 75,000 people work for the company in around 80 countries.

 

Documents

  • Media release - English (pdf, 79.7 KB)
  • Media Release - German (pdf, 79.86 KB)