JCDecaux SA Annual General Meeting of May 16th, 2019

The Combined Annual General Meeting of JCDecaux SA (Euronext Paris: DEC) was held on May 16th, 2019.

The Annual General Meeting (AGM) approved all the resolutions put to vote.

In particular, the AGM:
 

• approved the financial statements for the year ending December 31st, 2018 and the pay-out of a dividend of €0.58 per share in respect of FY 2018, for an increase of +3.6% on FY 2017;
• renewed the terms of six members of the Supervisory Board: Gérard Degonse and Alexia Decaux-Lefort for three years, Michel Bleitrach for two years, and Jean-Pierre Decaux, Pierre Mutz and Pierre-Alain Pariente for one year;
• approved the 2019 remuneration policy for corporate officers and the 2018 remuneration components of the members of the Executive Board and the Chairman of the Supervisory Board;
• renewed the financial delegations and authorisations granted to the Executive Board which were due to expire.

                                                                                                       
Following the Meeting, the Supervisory Board renewed Gérard Degonse’s term as Chairman of the Supervisory Board and Jean-Pierre Decaux’s term as Vice-Chairman of the Supervisory Board for the duration of their terms as Supervisory Board members.

The Supervisory Board also renewed, for the duration of their terms as Supervisory Board members:
 

1. Pierre Mutz’s term as a member of the Audit Committee;
2. Pierre Mutz’s term as a member and the Chairman of the Compensation and Nominating Committee, as well as the Compensation and Nominating Committee memberships of Gérard Degonse and Michel Bleitrach;
3. Michel Bleitrach’s term as the Chairman of the Ethics Committee and Pierre Mutz’s term as a member of the Ethics Committee.

The Supervisory Board then appointed Jean-François Decaux as Chairman of the Executive Board and Jean-Charles Decaux as Chief Executive Officer for a period of one year, in accordance with the principle of alternating the Chief Executive Officer position at JCDecaux SA.

For commercial and public-representation purposes, Jean-François Decaux and Jean-Charles Decaux use the title of “Co-Chief Executive Officer” of JCDecaux.