Aéroports de Paris – AGM 12 May 2020
ITEM 21: The Company proposes to insert a Preliminary Article to the Articles of Association of the Company before Article 1 in order to clarify its purpose ("Raison d'Être"). While it is appreciable that the company has decided on a Raison d'Être that is specific to its business, it is regrettable that the company has not communicated the process by which it came up with this Raison d'Être or whether stakeholders were involved (and if so, how many participants were involved). However, we have no reason to oppose this resolution.
ITEMS 15 and 31: In view of the current health crisis, the company has decided to limit the amount of the 2019 dividend to the interim dividend paid in December 2019. In view of the consequences of this crisis on the air transport sector, this decision is welcome. However, it does not seem reasonable to significantly reduce the dividend but to maintain the authorizations for share buybacks and cancellations. We therefore do not support resolutions 15 and 31.
Aeroports de Paris is the airport authority that owns and manages the fourteen civil airports and airfields in the Ile-de-France (Paris) area. Co. owns and operates the three main airports of the Ile de France region (Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget), 10 general aviation airfields and the Issy-les-Moulineaux heliport. In the three main airports, Co. provides facilities to accommodate passengers, airlines and cargo and postal services, and offers a range of services. Co.'s activities are divided into five business segments: Aviation, Retail and Services, Real Estate, Airport Investments and Other Activities.
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