Exor Shareholders Make Key Decisions at Annual General Meeting

Exor Shareholders Approve Key Resolutions

Exor N.V. shareholders gathered for the Annual General Meeting to deliberate on crucial corporate matters. During this significant event, all proposed resolutions by the Board were unanimously accepted. These decisions are vital for the company's future as they impact financial outcomes and governance structure.

Dividend Distribution Overview

In a notable move, shareholders adopted Exor's annual accounts and approved a dividend of €0.49 per outstanding share, totaling around €100 million. This decision reflects the company's strong financial performance and commitment to returning value to its shareholders. The dividend is scheduled for payment on 28 May, with the ex-dividend date set for 26 May, ensuring that all eligible shareholders will receive their due share. This measure highlights Exor's ongoing strategy to enhance shareholder engagement and financial rewards.

Board of Directors Authorizations

The shareholders also granted the Board of Directors permission to repurchase up to 10% of the Company's issued common shares within the next 18 months, as stipulated by Dutch law. This repurchase strategy allows Exor to maintain a robust share structure and manage investor confidence effectively. Furthermore, the Board received approval to cancel any ordinary and special voting shares that may be held as treasury stock, thereby streamlining capital management and enhancing shareholder value.

New Appointments and Audit Engagements

During the AGM, shareholders welcomed Karl Guha, Chairman of ING, as a new non-executive director, replacing Marc Bolland, whose term has ended. The reappointment of Ginevra Elkann and Alessandro Nasi to the Board signifies continuity in leadership and direction, which is crucial for Exor’s strategic initiatives. Additionally, Deloitte Accountants B.V. was appointed as the independent auditor for the financial year 2026's annual accounts, ensuring transparency and adherence to financial regulations.

Remuneration Policy Adjustments

The approval of an amended remuneration policy aims to align executive compensation with the company’s long-term objectives, promoting sustainability and performance among the leadership team. This policy change is part of Exor's broader strategy to focus on responsible governance and accountability.

Shareholder Discharge from Liability

In a pivotal decision, shareholders granted discharge to the directors for all liability related to their duties during the financial year 2024. This signifies trust in the board's actions and decisions, enabling a more dynamic governance environment.

Looking Ahead: Voting Results and Future Plans

The detailed voting results will be accessible shortly on Exor's official website, serving as a transparent record of shareholder engagements and decisions made during this pivotal meeting. As the company moves forward, these resolutions will pave the way for strategic investments and sustained growth initiatives.

Frequently Asked Questions

What major resolutions were approved during the AGM?

Shareholders approved all proposed resolutions, including a dividend distribution and board member appointments.

When will the dividend be paid?

The dividend of €0.49 per share will be payable on 28 May 2025.

Who was appointed to the Board of Directors during the AGM?

Karl Guha was appointed as a non-executive director, replacing Marc Bolland.

Which external auditor was appointed for the upcoming financial year?

Deloitte Accountants B.V. was appointed as the independent external auditor for the audit of the financial year 2026.

What does the amended remuneration policy entail?

The amended remuneration policy aims to align executive compensation with the company's long-term objectives to enhance performance.

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