Econocom Group - EGM 06 November 2020
The general meeting will be organized in the form of a physical meeting in accordance with social distancing and hygiene measures. However, shareholders are invited to participate to the general meeting, as far as possible, by proxy or to vote by correspondence.
Under ITEM 2, it is proposed to allocate an intermediary dividend of EUR 0,12 (twelve cent euros) gross per share. In view of the resurgence of the pandemic, ECGS is in favour of postponing decisions on the dividend, reductions or suspensions that would allow companies to avoid liquidity risks or not generate risk for their survival. Despite this observation, in light of the Company's results, and given that the proposed dividend is covered by the earnings and FCF, ECGS recommends to vote FOR.
Econocom Group specializes in the management of IT and telecom infrastructures for businesses throughout Europe, U.S. and China. Co. designs and implements products and services for SMEs, corporations or public authorities. It operates through four complementary businesses: IT products and solutions, distributed infrastructures (outsourcing, maintenance and consulting), telecom services and administrative and financial management of ICT assets. Co.'s business segments are as follows: IT Financial Services; Managed Services; Products and Solutions; and Telecom Services.
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