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

Recticel will distribute a gross dividend of EUR 0.26 per share, which will be paid on 01 June 2021. 

The Meeting also:

• approved the 2020 financial statements and the appropriation of the result.
• discharged the directors and the statutory auditor.
• accepted the renewal of the mandate of THIJS JOHNNY BV, permanently represented by Mr. Johnny THIJS, as non-executive and independent director for a new term of one year ending after the Ordinary General Meeting of 2022. 
• accepted the renewal of the mandate of COMPAGNIE DU BOIS SAUVAGE SERVICES NV, permanently represented by Mr. Benoit DECKERS, as a non-executive director for a new term of three years ending after the Ordinary General Meeting of 2024. 
• accepted the renewal of the mandate of COMPAGNIE DU BOIS SAUVAGE SA, permanently represented by Mr. Frédéric VAN GANSBERGHE, as non-executive director for a new term of three years ending after the Ordinary General Meeting of 2024.
• accepted the renewal of the mandate of LUBIS BV, permanently represented by Mr. Luc MISSORTEN, as non-executive and independent director for a new term of three years ending after the Ordinary General Meeting of 2024.
• accepted the renewal of the mandate of CARPE VALOREM BV, permanently represented by Mr. Kurt PIERLOOT, as non-executive and independent director for a new term of three years ending after the Ordinary General Meeting of 2024.
• acknowledged and accepted the resignation of the Statutory Auditor DELOITTE Bedrijfsrevisoren, received by letter dated January 15, 2021 and based on the legal limitation of the number of years during which the same auditor can act pursuant to Article 41 of the EU Regulation No. 537/2014.
• appointment as statutory auditor, on proposal of the audit committee, for a period of three years ending after the Ordinary General Meeting of 2024, of the civil company in the form of a cooperative company with limited liability “PWC Bedrijfsrevisoren” , with registered office at Woluwe Garden, Woluwedal, 18, B-1932 Sint-Stevens-Woluwe ”, represented by Mr Marc DAELMAN, in order to audit the financial years ended December 31, 2021, 2022 and 2023. The annual fees of the statutory auditor amount to EUR 356,065, including domestic expenses and excluding IBR contribution, travel and accommodation expenses abroad and VAT. 
• approved the remuneration report of 2020, fixed the emoluments and remuneration fees for 2021 and approved the deviation from the principle to spread the payment of the variable remuneration for the members of the Management Committee over three years; i.e. acceptance of the full payment of the variable remuneration within a shorter period.
• authorized the Board of Directors to issue a new edition of maximum 600,000 stock options under the Stock Option Plan of the Recticel Group in favour of the senior managers of the Recticel Group.

Extraordinary General Meeting 

All items on the agenda of the Extraordinary General Meeting were approved by a large majority of shareholders' votes, except one resolution relating to the increase of the capital by an amount equal to 20% of the issued capital for strategic acquisitions (resolution 3)  which did not reach the required 75% majority and hence was rejected.

Download Press Release (PDF)