Eurazéo - AGM 30 April 2020
Press release of 8/4/20 (/assets-eurazeo/uploads/2020/04/CP-
AG-Solidarite-FR-VDEF.pdf): Dividend is cancelled.
ITEM 13: Ms. Morgon's total compensation for 2019 is far too generous compared to
her peers in the SBF 120 and MSCI Europe Financial Services sector. Moreover, the
performance conditions of the performance shares granted in 2019 allow for vesting in
the event of underperformance, which is not acceptable for a company of Eurazeo's
size. We therefore do not support resolution 13.
ITEM 10: It seems that the company has heard our criticism of these performance
conditions since the executive compensation policy for 2020 provides that this matrix
will be replaced by additive criteria that no longer allow vesting in the event of
underperformance. We welcome this change and therefore support Resolution 10.
ITEM 28: The Company proposes to introduce a premium dividend. This loyalty
instrument is acceptable as it respects the principle of "one share, one vote". However,
it is regrettable that the company has not taken advantage of this opportunity to abolish
double voting rights (98.5% of existing double voting rights currently benefit only the
first three shareholders).
Eurazeo is a listed investment company in Europe. Co. invests in French or other European companies in which it can exercise influence. Co. divides its operaion in five divisions: Holding company, Eurazeo Capital, Eurazeo PME, Eurazeo Croissance, and Eurazeo Patrimoine. Holding company focuses on investment in non-consolidated fund business; Eurazeo Capital invests in companies valued over Euro150,000,000 to Euro200,000,000; Eurazeo PME invests in enterprises valued at less than Euro150,000,000 to Euro200,000,000; Eurazeo Croissance targets companies with high growth potential in promising markets; and Eurazeo Patrimoine groups Co.'s real estate asset management and investment activities.
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