IMERYS (EPA:NK) - Imerys - Summary of the Ordinary and Extraordinary Shareholders’ General Meeting of May 10, 2021

Transparency directive : regulatory news

10/05/2021 17:45

PRESS RELEASE
Paris, May 10, 2021

  Summary of the Ordinary and Extraordinary Shareholders' General Meeting of
                                 May 10, 2021

The Shareholders' General Meeting of Imerys (the "Company") held today and
chaired by the Chairman of the Board, Patrick Kron, approved all the
resolutions presented by the Board of Directors.

This Shareholders' General Meeting was held behind closed doors, without the
physical presence of its shareholders and other persons entitled to attend, at
Studio Digital Euronext, 8 place de l'Opéra, 75009 Paris, in accordance with
in particular provisions set out in Ordinance No 2020-321 of 25 March 2020 and
Decree No 2020-418 of 10 April 2020, as extended and amended, and with Decree
No 2021-296 of 19 March 2021. The meeting was broadcast live in video format on
the Company's website.

Approval of the 2020 ?nancial statements

The Shareholders' General Meeting has approved the statutory and consolidated
?nancial statements for 2020, which reported a net income from current
operations, Group share, of EUR167 million.

Dividend

The Shareholders' General Meeting decided to pay a EUR1.15 dividend per share
for ?scal year 2020, representing 57% of the net income from current
operations, Group share. The dividend will be paid out on May 17, 2021.

Governance

The Shareholders' General Meeting also approved:

* the compensation policies of corporate o?cers for 2021, as well as all the
components of the compensation and bene?ts of all kind paid in or granted for
the 2020 ?nancial year to Alessandro Dazza, Chief Executive O?cer since
February 17, 2020 and to Patrick Kron, Chairman of the Board since June 25,
2019 and interim Chief Executive O?cer from October 21, 2019 to February 16,
2020;
* the re-appointment for a 3-year term of Patrick Kron and Marie-Françoise
Walbaum as directors; and
* the appointment for a 3-year term of Paris Kyriacopoulos as director.

As of today, the Board of Directors is made up of 10 directors, including 6
independent directors (i.e. 60%) and 4 female directors (i.e. 40%), and 2
employee representative directors. Furthermore, the term of o?ce of Laurent
Raets as non-voting observer was renewed during the Board of Directors held
today.

Share buyback and cancellation of treasury shares

The Shareholders' General Meeting also approved the renewal of the share
buyback program under the same terms and conditions than the current program
and of the authorization granted in favor of the Board of Directors to cancel
all or part of treasury shares, representing up to 10% of the Company's share
capital per 24-month period.

Financial authorizations

The Shareholders' General Meeting also approved the renewal of a number of
?nancial authorizations in favor of the Board of Directors, granted most
recently by the Ordinary and Extraordinary Shareholders' Meetings held on May
10, 2019 and May 4, 2020 which enables it to increase the Company's share
capital by issuing shares or securities conferring entitlement to the Company's
share capital. These authorizations are renewed under the same terms and
conditions, including overall caps, for a 26-month period. Furthermore, the
Board of Directors cannot exercise these authorizations during a public o?er
for the Company's shares. As the Shareholders' Meeting has been asked to
approve the renewal of a number of ?nancial authorizations that may lead to
increases on one or several occasions in the Company's share capital,
shareholders were asked to renew the delegation of authority to carry out
capital increases reserved for employees who are members of a Company or Group
savings plan for a period of 26 months. Increases as a result of exercising
this delegation is subject to an overall cap of EUR1.6 million, unchanged from
previous authorization.

Voting results per resolution as well as the presentation of the Shareholders'
General Meeting are available on the Company's website:
https://www.imerys.com/?nance/?nance/shareholders-corner. The Shareholders'
Meeting will be also rebroadcast on the Company's website (www.imerys.com).

Financial agenda

July 27, 2021               H1 2021 Results
November 2, 2021            Q3 2021 Results

These dates are subject to any further updates as provided on the Company's
website www.imerys.com, under the Investors and analysts - ?nancial agenda
section.

The world leader in mineral-based specialty solutions for industry, with EUR3.8
billion revenue and 16,400 employees in 2020, Imerys delivers high value-added,
functional solutions to diversi?ed set of industrial sectors, from processing
industries to consumer goods. The Group draws on its knowledge of applications,
technological expertise and its material science know-how to deliver solutions
based on bene?ciation of its mineral resources, synthetic minerals and
formulations. These contribute essential properties to customers' products and
performance, including refractoriness, hardness, conductivity, opacity,
durability, purity, lightness, ?ltration, absorption and repellency. Imerys
is determined to develop responsibly, in particular by fostering the emergence
of environmentally-friendly products and processes.

Analyst / Investor Relations
Vincent Gouley - +33 (0)1 4955 6469
?nance@imerys.com

Press contacts
Claire Lauvernier : +33 (0)1 4955 6665
Hugues Schmitt (DGM Conseil) : +33 (0)1 4070 1189

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IMERYS (EPA:NK) - Imerys - Summary of the Ordinary and Extraordinary Shareholders’ General Meeting of May 10, 2021

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