Agro Napló • 2020. június 25. 13:53
The General Meeting of the Manitou Group was held on 18 June 2020 behind closed doors, without the physical attendance of shareholders, in accordance with the exceptional measures adapting the rules governing deliberations of general meetings taken by the French authorities in the context of the fight against COVID-19, at the company's head office in Ancenis, under the chairmanship of Jacqueline Himsworth.
The videocast of the General Meeting as well as the presentation are available under the General Meetings' section of the company's website at www.manitou-group.com
The officers of the Meeting were as follows:
- Chairman of the General Meeting: Jacqueline Himsworth, Chairman of the Board
- Scrutineers: Marcel Braud, Honorary Chairman and Founder of the Manitou forklift truck
Gordon Himsworth, board member and member of the Audit Committee
- Secretary: Odile Bagot, Legal Affairs Director
As the General Meeting was held behind closed doors, the entire vote took place by mail. The 120 shareholders who voted represented 34,506,770 shares out of the 38,268,138 shares making up the share capital and having voting rights, i.e. a quorum of 90.171%.
The resolutions submitted to the vote were adopted by the shareholders with the exception of resolution no. 20, which was rejected. The voting results for each resolution are available on the company's website www.manitou-group.com
The Ordinary General Meeting approved the parent company and consolidated financial statements for the financial year 2019 and decided not to pay a dividend for the year 2019.
The Ordinary General Meeting also approved corporate officers compensation policy, the fixed, variable and exceptional elements comprising the total compensation and the benefits of all kind paid during the past financial year or granted in respect of that year to Mrs Jacqueline Himsworth, Chairman of the Board of Directors, as well as the fixed, variable and exceptional elements comprising the total compensation and the benefits of all kind paid during the past financial year or granted in respect of that year to Mr Michel Denis, President & Chief Executive Officer.
The Extraordinary General Meeting approved the amendments to the Articles of Association submitted to it.
/ Information relating to the COVID-19 crisis
During the meeting, Michel Denis, President & Chief Executive Officer, presented how the group has reacted and organized itself to deal with the COVID-19 health crisis and economic crisis.
/ Outlook
After experiencing a strong growth and record sales in 2019, the group was hit hard by the sudden crisis of COVID-19 and will continue to be hit by an economic crisis, without calling into question the strength of its business model.
In 2020, the group's priority is to manage its activities in a crisis context and to rebound by taking the opportunities of the recovery. Its ambition remains unchanged: to become the undisputed leader in all markets while protecting people and the environment. Its challenge is to get the world back on track "Set the World in Motion" with the passion - the commitment - the desire to win, its distinctive feature, to get through this period that is and shows up to be difficult.