Press release

Annual General Shareholders' Meeting

Regulated information, Brussels 30 May 2017 – 14:00 CET, 30.05.2017

At the Annual General Shareholders’ Meeting of Recticel, which took place this morning, all proposed resolutions on the agenda(1) of the Ordinary General Shareholders’ Meeting were approved.

Recticel will distribute a gross dividend of EUR 0.18 per share, which will be paid on 02 June 2017.

The Meeting also:

  • Approved the 2016 financial statements and the appropriation of the result.
  • Discharged the directors and auditors.
  • Approved the 2016 remuneration report and the fixing of remuneration fees for 2017.
  • Appointed in replacement of REVAM BVBA, represented by Mr. Wilfried VANDEPOEL, IPGM Consulting GmbH, represented by Ms. Anne De Vos, as non-executive and independent director, for a term of three years expiring after the Ordinary General Meeting of 2020.
  • Authorized the Board of Directors to issue a new edition of maximum 500,000 stock options under the Stock Option Plan of the Recticel Group in favour of the senior managers of the Recticel Group. Regarding the Extraordinary General Shareholders' Meeting, the quorum required was not reached; hence a second Extraordinary General Shareholders' Meeting will be held on Friday 07 July 2017 at the same location.

Regarding the Extraordinary General Shareholders' Meeting, the quorum required was not reached; hence a second Extraordinary General Shareholders' Meeting will be held on Friday 07 July 2017 at the same location.

 

Financial calendar

Annual General Meeting 30.05.2017 (at 10.00 u CET)
Ex-coupon date 31.05.2017
Record date 01.06.2017
Dividend payment date 02.06.2017
First half-year 2017 results 31.08.2017 (before opening of the stock exchange)
Third quarter 2017 trading update 31.10.2017 (before opening of the stock exchange)
Annual Results 2017 23.02.2018 (before opening of the stock exchange)
First quarter 2018 trading update 26.04.2018 (before opening of the stock exchange)
Annual General Meeting 30.05.2018 (at 10.00 u CET)
First half-year 2018 results 31.08.2018 (before opening of the stock exchange)
Third quarter 2018 trading update 31.10.2018 (before opening of the stock exchange)

 

For additional information

RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)

Press: 
Mr Olivier Chapelle
Tel: +32 2 775 18 01
chapelle.olivier@recticel.com

Investor relations: 
Mr Michel De Smedt
Mobile: +32 479 91 11 38
desmedt.michel@recticel.com

 

Recticel in a nutshell

Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel employs 7,925 people in 98 establishments in 28 countries.

Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.

Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment high-quality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck®, Powerwall® and Xentro®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colofast®, Colosense® and Colosense Lite®.

In 2016 Recticel achieved combined sales of EUR 1.35 billion (IFRS 11 consolidated sales: EUR 1.05 billion).

Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.