04/15/20
Withdrawal of a dividend payment proposal, and terms and conditions of the Annual General Meeting without the physical presence of its shareholders
In the context of COVID-19, Manitou Group’s Board of Directors has decided not to propose the payment of a dividend for the year 2019 and informs its shareholders of the terms and conditions of its Annual General Meeting to be held on June 18, 2020, taking place without the physical presence of its shareholders.
In the exceptional context of the Covid-19 crisis, the Board of Directors met today to take the following decisions:
Withdrawal of a dividend payment proposal: the Board decided to withdraw its proposal of a dividend payment of €0.78 per share as initially announced when the 2019 annual results were published on March 3.
The Board of Directors may, after October 1 and subject to the context, call a Shareholders' Meeting in order to proceed with a reserve distribution for its shareholders, replacing the dividend.
Terms and conditions of the Annual General Meeting behind closed doors: in the context of the traffic restrictions and containment measures imposed by the government, the Board has decided to call its next Combined General Meeting (ordinary and extraordinary) on June 18, 2020 without the physical presence of its shareholders, to be held at the Company's registered office, headquartered in Ancenis-Saint Géréon without the shareholders and other persons entitled to attend being present.