Shareholders' Meeting of Compagnie Plastic Omnium SE on April 23, 2020
Decision by the Board of Directors to reduce the dividend proposed by 34%
Aware of its responsibilities to all of its stakeholders, the Board of
Directors of Compagnie Plastic Omnium SE met by telephone conference on March
31, 2020 and unanimously agreed to reduce the dividend proposed for 2019 to
EUR0.49 per share, compared with the EUR0.74 initially proposed, i.e. a
reduction of 34%.
As mentioned in the Group press release published on March 24, 2020, Plastic
Omnium remains confident in its ability to address the major crisis arising
from the Covid-19 pandemic. It is implementing all of the measures that enable
it to protect the Group's 32,000 employees, ensure the continuity of its
businesses in close cooperation with its customers and maintain its robust
Plastic Omnium has carried out stress tests on its cash flow in the event of a
prolonged pandemic. These simulations confirm that the set of measures
implemented and the significant cash flow available in the short term, should
allow the Group to respond to a total shutdown of production, at a worldwide
level, for many months, while honoring all payments that fall due.
The dividend will be voted upon at the Shareholders' Meeting of Compagnie
Plastic Omnium SE, which will be held on April 23, 2020. It will be paid on May
The Combined Shareholders' Meeting of April 23, 2020 will be held behind closed
doors and broadcast live. Shareholders are invited to use postal or online
The Shareholders' Meeting of April 23, 2020 will take place at 5pm Paris time
in Levallois- Perret - 1 allée Pierre Burelle - without the shareholders of
Compagnie Plastic Omnium SE being physically present. This is in accordance
with the order no. 2020-321 of March 25, 2020, regarding the adaptation of the
meeting and voting rules for Shareholders' Meetings and the governing bodies of
legal entities and private entities that do not have a legal personality
because of the Covid-19 epidemic.
In this context, Compagnie Plastic Omnium SE has made the following provisions:
* The Combined Shareholders' Meeting will be broadcast live on the website
www.plasticomnium.com, from 5pm on April 23, 2020. The recording will also be
available after the Shareholders' Meeting.
Financial information Tel: +33 (0)1 40 87 66 78 Fax: +33 (0)1 40 87 96 62
firstname.lastname@example.org Plastic Omnium is the world leader in
intelligent exterior systems, clean energy systems and automotive modules.
The Group and its joint ventures have 32,000 employees in 131 plants, 26 R&D
centers and 26 countries worldwide, serving 93 automotive brands. Plastic
Omnium is listed on Euronext Paris, compartment A. It is eligible for the
Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60
indices (ISIN code: FR0000124570).
* The Group's shareholders will have the opportunity to ask questions in
advance of the Shareholders' Meeting by emailing
email@example.com. The Group will answer all of the
beforehand written questions asked during the Shareholders' Meeting.
* Shareholders can vote from April 7, 2020 using the following two methods:
- by postal vote(1) or voting by proxy, using a voting form available on the
website www.plasticomnium.com or by contacting the account holding institution
which manages their shares (bearer shareholders);
- using the secure platform, Votaccess, which can be accessed via the
Planetshares website (https://planetshares.bnpparibas.com) for registered
shareholders or by contacting their share account holding institution for
Any questions from shareholders about the organization of the meeting, the
different voting methods and access to documentation can be addressed to
Plastic Omnium's Shareholders Relations Department using the following free
phone number +33 (0)800 777 889 or by emailing
(1) By returning the voting form to their account-holding institution or to BNP
Paribas Securities Services - CTS Assemblées Générales - Les Grands Moulins
de Pantin - 9, rue du Débarcadère - 93761 Pantin Cedex