Manitou Group: Shareholders' Meeting and an improving 2020 outlook

Agro Napló
The Ordinary Shareholders' Meeting of Manitou BF was held on December 21, 2020 at the company's headquarters in Ancenis, under the chairmanship of Jacqueline Himsworth.

 

Shareholders' Meeting

 

The Manitou Group is holding today a Shareholders' Meeting during which it will be proposed to pay a €0.50 per share dividend to be paid out of reserves and to appoint Mrs Alexandra Matzneff as an independent director of the group.

 

Outlook for 2020

 

On the basis of the latest information available to the company, the commercial and financial performance anticipated by the company for the year 2020 looks more dynamic than initially expected. This will lead the group to slightly exceed its previously estimated 2020 revenue expectation of €1.550 million, and to deliver a current operating income of around 5.5% of sales revenues.

 

Michel Denis, President & Chief Executive Officer, stated: "In a period of high volatility, the group has managed to adapt with agility to the difficulties of 2020, nevertheless strong uncertainties remain about the evolution of the economic environment in the short term".

 

Ordinary General Meeting, December 21 2020

 

The shareholders who voted represented 34,845,797 shares, representing 91,05% of shares carrying voting rights (net of the 1,397,534 treasury shares) of the 39 668 399 shares composing the share capital.

 

The resolutions put to the vote were adopted by the shareholders. The voting results for each resolution will be available on the company's website www.manitou-group.com.

 

The Ordinary Shareholders' Meeting approved the exceptional distribution of sums to be paid out of reserves, approved the cooptation of Alexandra Matzneff as a director and gave powers to carry out the formalities.

Címlapkép: Getty Images
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