Umicore – AGM 30 April 2020
Covid-19 Emergency
Umicore may be required to adapt the participation modalities for the below Shareholders'meetings or, as the case may be, to postpone such shareholders'meetings. Such revised participation modalities and/or postponement will be announced in due time on the website of Umicore () and by means of a press release. In the meantime and for public safety/health reasons, all shareholders are strongly encouraged to use, to the greatest extent as possible, the below described rights of postal voting, proxy voting and their right to ask questions in writing.
Dividend
As announced on 26 March 2020, Umicore's Board of Directors has, as a matter of prudence and in light of the extreme unpredictability of the global situation, decided to propose a dividend of € 0.375 per share in respect of the full year 2019. This proposal replaces the proposal initially made on 7 February 2020 of € 0.75 per share and corresponds to the amount of the interim dividend of € 0.375 per share which was already paid out on 27 August 2019. This decision is also to be seen as a way for Umicore's management and Board of Directors to share the efforts among its stakeholders. Umicore will assess the appropriate amount to be returned to shareholders in 2020 once it gains more clarity around the full impact of COVID-19.
Under ITEMS 3, the board of directors seeks approval of the Company's remuneration policy 2020. Since ECGS does not approve of long term incentive plans that do not operate one or more challenging performance conditions, we recommend to OPPOSE.
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