Stellantis Approves Major Dividend Distribution and Board Appointments
Stellantis Annual General Meeting Outcomes
Stellantis N.V. recently held a significant Annual General Meeting where notable resolutions received the green light from shareholders. The meeting, attended in person and streamed online, showcased Stellantis' commitment to engaging with its stakeholders.
Dividend Distribution Approved
One of the key highlights was the approval of a generous EUR 2 billion dividend distribution. This decision allows common shareholders to benefit with a payout of EUR 0.68 per share. For those in North America, common shares on the NYSE will translate to approximately USD 0.773636 per share. This payment is supported by the profits recorded in the 2024 Annual Accounts, reaffirming the company’s strong fiscal position.
Understanding the Distribution Timeline
Shareholders can anticipate a structured timeline for this payout: the Ex-date is set for April 22, followed by the Record date of April 23, and the actual Payment date is projected for May 5. This clear outline helps shareholders be prepared and plan accordingly.
Board Appointments and Governance Updates
The AGM also marked a pivotal moment with the appointment of several non-executive directors, enhancing the leadership team's diversity and expertise. Among those appointed are Ms. Fiona Cicconi and Mr. Nicolas Dufourcq, both bringing significant experience that will contribute positively to Stellantis' governance.
Reception of Remuneration Policy Changes
The shareholders expressed their views in a recent advisory vote regarding the Remuneration Report. Approximately 66.9% voted in favor. Additionally, the amended Remuneration Policy and Equity Incentive plan saw even stronger support, receiving 72.8% and 81.1% approval, reflecting confidence in Stellantis' work to align shareholder interests.
A Commitment to Stakeholders
Stellantis is dedicated to creating value for all its stakeholders by integrating innovative practices and advanced technologies within its operations. The approvals from the AGM not only demonstrate fiscal strength but also a deep commitment to engaging shareholders in meaningful ways.
Corporate Information
As a leading global automaker, Stellantis offers a diverse lineup of iconic brands such as Abarth, Jeep, and Peugeot, each designed to provide freedom and choice in mobility. The company prides itself on being responsive to both market demands and shareholder expectations.
Frequently Asked Questions
What major decisions were made at the Stellantis AGM?
During the AGM, shareholders approved a EUR 2 billion dividend distribution and appointed new non-executive directors.
When will the dividend be paid to shareholders?
The dividend is set to be paid on May 5, following an Ex-date of April 22 and a Record date of April 23.
What percentage of shareholders supported the Remuneration Policy?
About 72.8% voted in favor of the amended Remuneration Policy during the AGM.
Who are some of the newly appointed board members?
New board members include Fiona Cicconi, Nicolas Dufourcq, and Ann Godbehere, among others.
How does Stellantis engage with its shareholders?
Stellantis engages with shareholders by actively soliciting their feedback and incorporating it into governance practices, as seen in the advisory vote on the recent Remuneration Report.
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