Equinor Stock Savings Plan Allocates Shares


Globe Newswire

BIC: Annual General Meeting and Board of Directors of May 19, 2021

FOR IMMEDIATE RELEASE May 19, 2021 General Meeting and Board of Directors of SOCIÉTÉ BIC Payment of 1.80 euro of ordinary dividend per share Clichy, France, May 20, 2021 – The Ordinary General Meeting of SOCIÉTÉ BIC was held on Wednesday 19 May 2021, in Paris, behind closed doors and broadcast live in video format to protect the health and safety of all stakeholders due to the ongoing pandemic. A replay of the event and presentations are available on the BIC website. Chaired by Pierre Vareille, Chairman of the Board of Directors, the meeting was also attended in person by Gonzalve Bich, Chief Executive Officer and John Glen, Director. All other board members attended by videoconference. All the proposed resolutions were approved and included the following: approval by the Ordinary General Meeting of the 2020 accounts; payment of an ordinary dividend of € 1.80 per share; authorization to be given to the board of directors to undertake operations on the Company’s shares (share buyback and cancellation); renewal of the directorships of Marie-Aimée Bich-Dufour, John Glen (for a one-year term), and of the company MBD represented by Edouard Bich; components of the compensation of Corporate Directors for the 2020 financial year; compensation policy for corporate officers for the 2021 financial year; Extraordinary General Meeting authorization to be given to the Board of Directors to reduce the share capital by canceling the shares acquired in accordance with article L. 22-10-62 of the French Commercial Code; authorization to be given to the Board of Directors to allocate restricted shares to employees and corporate officers through the allocation of existing and / or to be issued shares; authorization to be given to the board of directors to grant stock options and / or stock options; delegation of authority to the board of directors to carry out a capital increase by issuing shares or securities giving access to the capital, reserved for members of a shareholding plan. The Board of Directors met after the Annual General Meeting and appointed John Glen as Interim Non-Executive Chairman of the Board and Elizabeth Bastoni as Interim Independent Lead Director. The recruitment of a new independent non-executive chairman is underway. John Glen and Elizabeth Bastoni will serve until the Annual General Meeting approving BIC’s 2021 financial statements. The Board also renewed the mandates of Marie-Aimée Bich-Dufour on the Appointments, Governance and CSR Committee and MBD represented by Edouard Bich on the Audit Committee. The Board of Directors has decided to set up a stock option plan for a limited number of senior executives, aimed at ensuring the execution of the Horizon strategic plan and aligning the interests of all stakeholders. . The “Achieving Horizon” plan is based on two performance conditions over five years (“vesting” when the 2025 results are published). The objectives are linked to sales and adjusted EBIT for fiscal year 2025 and are consistent with the objectives published in the press release of November 10, 2020 “BIC launches its Horizon strategic plan”. The related results will be detailed in the Ex Post resolution voted by the General Meeting, which will validate the accounts for the year 2025. The allocation was made on the basis of an exercise price of € 65 corresponding to the share price. average share over the previous 20 days plus a 8.1% premium. Mr. Gonzalve Bich was granted 300,000 options under this plan for an IFRS value of 2,262 thousand euros. In addition, using the authorization given by the Ordinary General Meeting, the Group will set up a plan to distribute free shares to BIC employees during the fourth quarter of 2021. The objective is to involve all members. of the team in the success of the Horizon plan. MARIE-AIMÉE BICH-DUFOUR – DIRECTOR Marie-Aimée Bich-Dufour has been a director of SOCIÉTÉ BIC since May 22, 2019. Until October 1, 2020, she was General Affairs Delegate and President of the BIC Corporate Foundation for education. From March 22, 1995 to March 31, 2019, she was CEO of SOCIÉTÉ BIC and Secretary of the Board of Directors, she was Group Legal Director until February 1, 2016 and responsible for BIC’s Sustainable Development program between 2004 and 2018. Before joining the BIC Group, Marie-Aimée practiced for 12 years as a lawyer at the Paris Bar. She holds a Masters in Private Law from the University of Paris Panthéon-Assas and a Professional Lawyer Certificate (CAPA). JOHN GLEN – DIRECTOR John Glen has been Deputy Managing Director of DC Thomson and Director of SOCIÉTÉ BIC since May 14, 2009. He was Managing Director of Buccleuch, the holding company of a family group operating in the industry and agribusiness of November 2008 to March 2019. He continued the development and commercialization of a portfolio of large energy projects in sustainable technologies, on the Buccleuch family lands until December 2019. He previously held various positions at Unilever and has was Group Financial Director of Air Liquide (company side) from 2000 to September 2008 and Vice-Chairman of the Supervisory Board of EFRAG (European Financial Reporting Advisory Group) for four years. John Glen is a fellow of the Chartered Institute of Certified Accountants and holds a Masters degree in Accounting and Economics from the University of Edinburgh. SOCIÉTÉ MBD represented by EDOUARD BICH – DIRECTOR Edouard Bich has been Managing Director of SOCIÉTÉ MBD, and Director of SOCIÉTÉ BIC since May 24, 2006. He is also a member of the BIC Audit Committee. Mr. Bich spent eight years in the finance department of Procter & Gamble – France and holds an MBA from the Wharton School (USA), specializing in finance. *** ABOUT BIC World leader in stationery, lighters and razors, BIC brings simplicity and joy to everyday life. For more than 75 years, the company has honored the tradition of providing high-quality, affordable essentials to consumers around the world. Through this unwavering dedication, BIC has grown into one of the most recognized brands and is a registered trademark around the world. Today, BIC products are sold in over 160 countries around the world and feature iconic brands such as BIC Kids ™, BIC FlexTM, BodyMark by BICTM, Cello®, Djeep, Lucky Stationery, Rocketbook, Soleil®, Tipp -Ex®, Us. TM, Wite-Out® and more. In 2020, BIC’s turnover amounted to € 1,627.9 million. The Company is listed on “Euronext Paris”, is part of the SBF120 and CAC Mid 60 indices and is recognized for its commitment to sustainable development and education. He received an A- Leadership score from the CDP. To learn more, visit www.bic.com or follow us on LinkedIn, Instagram, Twitter or YouTube. Contact Sophie Palliez-CapianVP, Corporate Stakeholder Engagement + 33 1 45 19 55 28+ 33 87 89 [email protected] Michèle Ventura Senior Manager, Investor Relations + 33 1 45 19 52 [email protected] Albane de La Tour d ‘Artaise Senior Manager, Institutional Press Relations + 33 1 45 19 51 51+ 33 7 85 88 19 48 [email protected] Isabelle de Segonzac Image 7+ 33 6 89 87 61 [email protected] AGENDA 2021 ALL DATES TO BE CONFIRMED First half 2021 results July 28, 2021 Third quarter 2021 results October 26, 2021 Attachment BIC_Press release AGM of May 19, 2021


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