The Board of Directors had also mentioned that it could, after October 1st and subject to the context, convene a Shareholders' Meeting in order to approve a distribution of reserves for its shareholders, replacing the dividend.
In line with this approach and with respect to the latest business trends announced on October 28, the Board of Directors of Manitou BF met today to call an Ordinary Shareholders' Meeting on December 21, 2020, which will be asked to approve an exceptional payment of € 0.50 gross per share, to be paid out of reserves.
The Ex date date would be December 23, 2020 and payment date would be December 28, 2020.
Terms of participation in the next Shareholders' meeting will be specified in the prior official notice to be published in the BALO (legal announcement) on November 16. Given the current health situation related to the COVID-19, and as a precautionary measure, the Company strongly encourages its shareholders to vote by mail or to give their proxy to the Chairman. Depending on health and/or legal requirements, terms of participation in the Shareholders' meeting may change. Shareholders are invited to regularly visit the dedicated 2020 Shareholders' Meeting section of the Company's website www.manitou-group.com.
/Cooptation of Alexandra Matzneff as independent board member of Manitou BF
The Board today co-opted Alexandra Matzneff as an independent board member of Manitou BF, replacing Carole Lajous who resigned as an independent board member last September. This cooptation is meant for Carole Lajous' remaining term of office, which will expire at the end of the Ordinary Shareholders' Meeting to be held in 2021 to approve the financial statements for the 2020 fiscal year ended.
A graduate of Paris Dauphine University and Bocconi University (Milan), Alexandra Matzneff, 38, began her career in 2006 in mergers and acquisitions at CA-CIB, Crédit Agricole's investment bank. In 2011, she joined Rothschild & Co. in Global Financial Advisory. In 2018, she founded Leuwen, together with three former colleagues from Rothschild & Co. Leuwen specializes in assisting start-up and innovating small and medium-sized companies in their divestment, fundraising and financing operations.
Alexandra Matzneff has been teaching at Sciences Po Paris since 2012 (financial modeling and fundraising).
