Icade Sa · EURONEXT:ICAD
Icade Sa — Shareholder Meeting (April 2023)
73 slides from Icade Sa's shareholder meeting presentation, Apr 21, 2023
Slide 1: Combined General Meeting
ATHLETES VILLAGE, “LES QUINCONCES” DESIGNING, BUILDING, Saint-Ouen, Seine-Saint-Denis MANAGING AND INVESTING in cities, neighbourhoods and buildings that are innovative, diverse, inclusive and connected with a reduced carbon footprint. Desirable places to live and work. This is our ambition. This is
Slide 2: Agenda
1 2022 Highlights & Financial Results 2 2023 outlook and update on Icade Santé’s liquidity event 3 Say on Climate & Biodiversity 4 Statutory Auditors’ reports AGENDA 5 Governance and remuneration of corporate officers 6 Proposed dividend 7 Q&A 8 Agenda of the Combined General Meeting 9 Resolutions s
Slide 3: 2022 Highlights & Financial Results
1. 2022 Highlights & Financial Results FRESK COMBINED GENERAL MEETING Issy-les-Moulineaux, Hauts-de-Seine FRIDAY, APRIL 21, 2023 3 Paris, 15th district
Slide 4: Chairman's Introduction
CHAIRMAN’S INTRODUCTION Icade delivers strong 2022 results, above expectations, in a volatile and challenging year Solid performance of our 3 business lines, reflecting sound fundamentals Icade Santé’s liquidity event announced on March 13, 2023 An even stronger balance sheet to face the new financi
Slide 5: 2022 Highlights 1/2
1. 2022 HIGHLIGHTS & FINANCIAL RESULTS 2022 HIGHLIGHTS 1/2 Office Property Investment in 2022 Healthcare Property Investment in 2022 Dynamic leasing activity Rental growth • c.200,000 sq.m of leases signed or renewed in 2022, +12% driven by 2021 international acquisitions WALB of 5.9 years Slowdown
Slide 6: 2022 Highlights 2/2
1. 2022 HIGHLIGHTS & FINANCIAL RESULTS 2022 HIGHLIGHTS 2/2 Property Development Finance in 2022 CSR in 2022 in 2022 Record year in terms Financial structure CSR strategy of sales in 2022 further strengthened further ramped up amid high volatility and a sharp rise in interest rates • Economic revenue
Slide 7: 2022 Key Indicators (Group Share)
1. 2022 HIGHLIGHTS & FINANCIAL RESULTS 2022 KEY INDICATORS (GROUP SHARE) +2.6% +≈17% -4 bps +≈6% per share(4) PROPERTY DEVELOPMENT LIABILITIES GROUP INDICATORS PROPERTY INVESTMENT €565m €1,148m 1.25% €5.50 per share vs. €551m as of 12/31/2021 vs. €985.1m as of 12/31/2021 vs. 1.29% as of 12/31/2021 v
Slide 8: 2022: Spotlight on the Balance Sheet
1. 2022 HIGHLIGHTS & FINANCIAL RESULTS 2022: SPOTLIGHT ON THE BALANCE SHEET LTV ratio incl. duties down 80 bps, below 40% S&P ratio (1) (net debt / [net debt + adjusted net assets]) down 40 bps to 44.5%, in line with a BBB+ rating Bank 60% covenant 50,0% 50,0% 43.7% 44.1% 43.5% 45,0% 41.7% 42.0% 44.
Slide 9: 2023 outlook and update on Icade Santé's liquidity event
PULSE Saint-Denis, Seine-Saint-Denis 2. 2023 outlook and update on Icade Santé’s liquidity event COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 9
Slide 10: 2023 Priorities
2. 2023 OUTLOOK AND UPDATE ON ICADE SANTÉ’S LIQUIDITY EVENT 2023 PRIORITIES Office Focus on letting transactions and disposal plan Liquidity event for Icade Santé Healthcare Exclusivity agreement signed with Primonial on March 13, 2023 Property Development Revenue and margin in line with the 2025 Ro
Slide 11: Liquidity Event for Icade Santé: Exclusivity Agreement Signed
2. 2023 OUTLOOK AND UPDATE ON ICADE SANTÉ’S LIQUIDITY EVENT LIQUIDITY EVENT FOR ICADE SANTÉ: EXCLUSIVITY AGREEMENT SIGNED ON MARCH 13, 2023 An exclusivity agreement signed on March 13, 2023 between Icade, Icade Santé’s minority shareholders and Primonial for (i) the sale of Icade’s stake in Icade Sa
Slide 12: An Attractive Transaction for Icade and Its Shareholders
2. 2023 OUTLOOK AND UPDATE ON ICADE SANTÉ’S LIQUIDITY EVENT AN ATTRACTIVE TRANSACTION FOR ICADE AND ITS SHAREHOLDERS The financial advisory and audit firm Finexsi reported on its work and conclusions to Icade’s Board of Directors on March 10, 2023 And confirmed the fairness of the terms and conditio
Slide 13: 2023: NCCF Guidance and Dividend Policy
2. 2023 OUTLOOK AND UPDATE ON ICADE SANTÉ’S LIQUIDITY EVENT 2023: NCCF GUIDANCE AND DIVIDEND POLICY Guidance announced on 02/20/2023 Guidance after the March 13, 2023 announcement 2023 Group Stable or slightly up Unchanged NCCF Excluding impact Actual NCCF to be confirmed in July 2023 per share of 2
Slide 14: Say on Climate & Biodiversity
3. Say on Climate & Biodiversity URBAN FOREST PORTES DE PARIS BUSINESS PARK COMBINED GENERAL MEETING Aubervilliers, Seine-Saint-Denis FRIDAY, APRIL 21, 2023 14
Slide 15: Low-Carbon Strategy Ramped Up; 1.5°C Pathway
3. SAY ON CLIMATE & BIODIVERSITY ICADE RAMPED UP ITS LOW-CARBON STRATEGY IN 2022; 2022 RESULTS IN LINE WITH A 1.5°C PATHWAY Even more ambitious goals over the medium term Results at the end of 2022 in line with a 1.5°C pathway 90% Target reductions in GHG emissions between Results 2019-2022 Target r
Slide 16: Biodiversity Strategy: 2019–2022 Targets Met or Exceeded
3. SAY ON CLIMATE & BIODIVERSITY BIODIVERSITY STRATEGY: 2019–2022 TARGETS HAVE BEEN MET OR EXCEEDED Ambitious 2019–2022 commitments… And targets have been surpassed 25% of new builds with a net positive impact 63% of construction projects PROPERTY on biodiversity starting in 2020 had a net positive
Slide 17: Higher Biodiversity Goals for 2030
3. SAY ON CLIMATE & BIODIVERSITY HIGHER BIODIVERSITY GOALS FOR 2030 Icade’s 2030 biodiversity strategy 1 2 3 Rewilding 100% Nature-boosting solutions Voluntary measures to restore of the Property Development for 90% of the Office Property Division’s new builds and the or preserve ecosystems Office P
Slide 18: Statutory Auditors' Reports
4. Statutory Auditors’ reports ROQUEBRUNE-CAP-MARTIN COMBINED GENERAL MEETING Alpes-Maritimes FRIDAY, APRIL 21, 2023 18
Slide 19: Statutory Auditors' Reports
4. STATUTORY AUDITORS’ REPORTS STATUTORY AUDITORS’ REPORTS Ordinary General Meeting Extraordinary General Meeting • • • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 19
Slide 20: Report on the Annual Financial Statements (1/2)
4. STATUTORY AUDITORS’ REPORTS REPORT ON THE ANNUAL FINANCIAL STATEMENTS (RESOLUTION 1) (1/2) Opinion • Justification of assessments – Key audit matters • • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 20
Slide 21: Report on the Annual Financial Statements (2/2)
4. STATUTORY AUDITORS’ REPORTS REPORT ON THE ANNUAL FINANCIAL STATEMENTS (RESOLUTION 1) (2/2) Specific verifications • • • • • • Other verifications and information pursuant to legal and regulatory requirements • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 21
Slide 22: Report on the Consolidated Financial Statements
4. STATUTORY AUDITORS’ REPORTS REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS (RESOLUTION 2) Opinion • Justification of assessments – Key audit matters • • Specific verifications • Other verifications and information pursuant to legal and regulatory requirements • • COMBINED GENERAL MEETING FRIDAY,
Slide 23: Special Report on Regulated Related Party Agreements
4. STATUTORY AUDITORS’ REPORTS SPECIAL REPORT ON REGULATED RELATED PARTY AGREEMENTS (RESOLUTION 4) Agreements subject to approval at the General Meeting • • Agreements already approved by the General Meeting in prior years • • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 23
Slide 24: Report to the Extraordinary General Meeting (Resolution 17)
4. STATUTORY AUDITORS’ REPORTS REPORT SUBMITTED TO THE EXTRAORDINARY GENERAL MEETING (RESOLUTION 17) Report on the authorisation to be given to the Board of Directors to cancel the treasury shares repurchased by the Company under Article L. 22-10-62 of the French Commercial Code (Resolution 17) COMB
Slide 25: Report to the Extraordinary General Meeting (Resolution 21)
4. STATUTORY AUDITORS’ REPORTS REPORT SUBMITTED TO THE EXTRAORDINARY GENERAL MEETING (RESOLUTION 21) Report on the delegation of authority to be given to the Board of Directors to increase the share capital by issuing ordinary shares and/or securities entitling their holders to shares in the Company
Slide 26: Governance and remuneration of corporate officers
5. Governance and remuneration of corporate officers TOULON HARBOUR, COMBINED GENERAL MEETING Provence-Alpes-Côte d’Azur FRIDAY, APRIL 21, 2023 26
Slide 27: Governance
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS GOVERNANCE It is proposed that this General Meeting approve: The reappointment as director of: Caisse des Dépôts et Consignations, represented by If these proposals are approved, Ms Carole Abbey, Head of Strategic Holdings Management the composi
Slide 28: Remuneration Policy for the Chairman of the Board
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE CHAIRMAN OF THE BOARD OF DIRECTORS Chairman of the Board of Directors Elements Criteria and objectives Amount/weight Annual fixed The Chairman of the Board of Directors, as a non-executive corporate officer, shall only
Slide 29: Remuneration of the Chairman of the Board
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS Mr Frédéric Thomas, Chairman of the Board of Directors Elements of remuneration paid or granted for 2022, in accordance with Amounts or accounting valuation the remuneration policy approved at
Slide 30: Directors' Remuneration Policy
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS DIRECTORS’ REMUNERATION POLICY • • Remuneration Meetings actually attended (in euros) Director/Board of Directors 1,750 Member/Committees of the Board of Directors (Audit and Risks; Appointments and Remuneration; Strategy and Investments; and Inno
Slide 31: Directors' Remuneration
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS DIRECTORS’ REMUNERATION • • • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 31
Slide 32: Revision of the Remuneration Policy for the CEO
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REVISION OF THE REMUNERATION POLICY FOR THE CHIEF EXECUTIVE OFFICER • • • • • • • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 32
Slide 33: Remuneration Policy for the New CEO (1/3)
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE NEW CHIEF EXECUTIVE OFFICER (1/3) New Chief Executive Officer from April 21, 2023 Elements Criteria and objectives Amount/weight Annual fixed The Chief Executive Officer receives annual fixed remuneration. The amount of
Slide 34: Remuneration Policy for the New CEO (2/3)
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE NEW CHIEF EXECUTIVE OFFICER (2/3) Stock options, The Chief Executive Officer is eligible for performance share plans. The implementation The maximum value of each plan performance shares of such plans is aimed at aligni
Slide 35: Remuneration Policy for the New CEO (3/3)
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE NEW CHIEF EXECUTIVE OFFICER (3/3) Commitments that may be made by the Company, a controlled company under Article L. 233-16 of the French Commercial Code or another company which controls it under the same article Sever
Slide 36: Remuneration Policy for the Current CEO (1/3)
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE CURRENT CHIEF EXECUTIVE OFFICER (1/3) Current Chief Executive Officer until April 21, 2023 Elements Criteria and objectives Amount/weight Annual fixed The Chief Executive Officer receives annual fixed remuneration. The
Slide 37: Remuneration Policy for the Current CEO (2/3)
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE CURRENT CHIEF EXECUTIVE OFFICER (2/3) Stock options, The Chief Executive Officer is eligible for performance share plans. The implementation The value of each plan at the time of performance shares of such plans is aime
Slide 38: Remuneration Policy for the Current CEO (3/3)
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION POLICY FOR THE CURRENT CHIEF EXECUTIVE OFFICER (3/3) Reminder of the commitments made by the Company, a controlled company under Article L. 233-16 of the French Commercial Code or another company which controls it under the same artic
Slide 39: Remuneration of the Current CEO for 2022
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION OF THE CURRENT CHIEF EXECUTIVE OFFICER FOR 2022 Mr Olivier Wigniolle, Chief Executive Officer from January 1, 2022 to December 31, 2022 Elements of remuneration paid in 2022 or granted for the same period, in accordance with Amounts o
Slide 40: Remuneration of the Current CEO for 2023
5. GOVERNANCE AND REMUNERATION OF CORPORATE OFFICERS REMUNERATION OF THE CURRENT CHIEF EXECUTIVE OFFICER FOR 2023 Mr Olivier Wigniolle, Chief Executive Officer from January 1, 2023 to April 21, 2023 Elements of remuneration paid or granted for 2023, in accordance with the remuneration policy Amounts
Slide 41: Proposed dividend
ORSUD Gentilly, Val-de-Marne 6. Proposed dividend COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 41
Slide 42: 2022 Dividend
6. PROPOSED DIVIDEND 2022 DIVIDEND Board of Directors’ proposal to the Growth General Meeting on April 21, 2023 +3.1% vs. 2021 2022 dividend at €4.33 per share 2022 dividend 78.7% payout ratio Dividend paid in cash in two instalments: Dividend yield • Interim dividend (€2.16 per share): paid in cash
Slide 43: Dividend History Since 2016
6. PROPOSED DIVIDEND DIVIDEND HISTORY SINCE 2016 2019 dividend adjusted due to Covid-19 4.60 +6.9% -13% +3.1% 4.30 4.33 +7.5% +4.7% 4.20 stable 4.00 4.01 4.01 2016 2017 2018 2019 2020 2021 2022 2022 dividend up for the second consecutive year after 2019 and 2020 impacted by Covid COMBINED GENERAL ME
Slide 44: Q&A
TEMPO NATURE Amiens, Somme 7. Q&A COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 44
Slide 45: Agenda of the Combined General Meeting
8. Agenda of the Combined General Meeting NEXT COMBINED GENERAL MEETING Lyon, Rhône FRIDAY, APRIL 21, 2023 45
Slide 46: Ordinary Resolutions (1/2)
8. AGENDA OF THE COMBINED GENERAL MEETING ORDINARY RESOLUTIONS (1/2) 1. Approval of the separate financial statements for the year ended December 31, 2022 – Approval of non-tax-deductible expenses and charges 2. Approval of the consolidated financial statements for the year ended December 31, 2022 3
Slide 47: Ordinary Resolutions (2/2)
8. AGENDA OF THE COMBINED GENERAL MEETING ORDINARY RESOLUTIONS (2/2) 12. Approval of the information referred to in section I of Article L. 22-10-9 of the French Commercial Code 13. Approval of the fixed, variable and exceptional components of total remuneration and benefits of any kind paid during
Slide 48: Extraordinary Resolutions
8. AGENDA OF THE COMBINED GENERAL MEETING EXTRAORDINARY RESOLUTIONS 17. Authorisation to be given to the Board of Directors to cancel the shares repurchased by the Company under Article L. 22-10-62 of the French Commercial Code 18. Delegation of authority to be given to the Board of Directors to inc
Slide 49: Resolutions submitted for approval
JUMP Saint-Denis, Seine-Saint-Denis 9. Resolutions submitted for approval COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 49
Slide 50: Ordinary Resolution 1
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 1 Approval of the separate financial statements for the year ended December 31, 2022 ORDINARY Approval of non-tax-deductible expenses and charges RESOLUTION • • 1 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 50
Slide 51: Ordinary Resolution 2
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 2 Approval of the consolidated financial statements for the year ended December 31, 2022 ORDINARY RESOLUTION 2 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 51
Slide 52: Ordinary Resolution 3: Appropriation of Profits and Dividend
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 3 Appropriation of profits for the financial year and determination of the dividend amount ORDINARY • Under Resolution 3, it is proposed that the General Meeting approve the RESOLUTION appropriation of profits for the financial year ended December 31,
Slide 53: Ordinary Resolution 4
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 4 Statutory Auditors’ special report on regulated related party agreements and approval of the new agreements mentioned therein ORDINARY • RESOLUTION • o 4 • o COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 53
Slide 54: Ordinary Resolution 5
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 5 Reappointment of Caisse des Dépôts et Consignations as director ORDINARY • RESOLUTION • 5 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 54
Slide 55: Ordinary Resolution 6
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 6 Reappointment of Mr Emmanuel Chabas as director ORDINARY • • RESOLUTION 6 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 55
Slide 56: Ordinary Resolution 7
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 7 Reappointment of Mr Gonzague de Pirey as director ORDINARY • • RESOLUTION 7 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 56
Slide 57: Ordinary Resolution 8
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 8 Reappointment of Mr Antoine Saintoyant as director ORDINARY • • RESOLUTION 8 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 57
Slide 58: Ordinary Resolution 9
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 9 Approval of the remuneration policy for the members of the Board of Directors ORDINARY RESOLUTION 9 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 58
Slide 59: Ordinary Resolution 10
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 10 Approval of the remuneration policy for the Chairman of the Board of Directors ORDINARY RESOLUTION 10 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 59
Slide 60: Ordinary Resolution 11
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 11 Approval of the remuneration policy for the Chief Executive Officer and/or any other corporate officer ORDINARY RESOLUTION 11 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 60
Slide 61: Ordinary Resolution 12
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 12 Approval of the information referred to in section I of Article L. 22-10-9 of the French Commercial Code ORDINARY RESOLUTION 12 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 61
Slide 62: Ordinary Resolution 13
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 13 Approval of the fixed, variable and exceptional components of total remuneration and benefits of any kind paid during the past financial year ORDINARY or granted for the same period to Mr Frédéric Thomas, Chairman of the Board of Directors RESOLUTI
Slide 63: Ordinary Resolution 14
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 14 Approval of the fixed, variable and exceptional components of total remuneration and benefits of any kind paid or granted to Mr Olivier ORDINARY Wigniolle in his capacity as Chief Executive Officer from January 1, 2022 to December 31, 2022 and from
Slide 64: Ordinary Resolution 15
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 15 Authorisation to be given to the Board of Directors to have the Company repurchase its own shares under Article L. 22-10-62 of the French ORDINARY Commercial Code RESOLUTION • • • • 15 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 64
Slide 65: Ordinary Resolution 16: Say on Climate and Biodiversity
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 16 Say on Climate and Biodiversity ORDINARY RESOLUTION 16 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 65
Slide 66: Extraordinary Resolution 17
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 17 Authorisation to be given to the Board of Directors to cancel the shares repurchased by the Company under Article L. 22-10-62 EXTRAORDINARY of the French Commercial Code RESOLUTION • • 17 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 66
Slide 67: Extraordinary Resolution 18
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 18 Delegation of authority to be given to the Board of Directors to increase the share capital by capitalisation of reserves, profits EXTRAORDINARY and/or share premiums RESOLUTION • • • 18 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 67
Slide 68: Extraordinary Resolution 19
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 19 Delegation of authority to be given to the Board of Directors to issue ordinary shares with pre-emptive rights for existing shareholders EXTRAORDINARY • RESOLUTION • • 19 • COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 68
Slide 69: Extraordinary Resolution 20
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 20 Authorisation to be given to the Board of Directors to increase the number of new shares being issued EXTRAORDINARY RESOLUTION 20 COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023 69
Slide 70: Extraordinary Resolution 21
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 21 Delegation of authority to be given to the Board of Directors to increase the share capital by issuing ordinary shares and/or securities entitling their EXTRAORDINARY holders to shares in the Company, without pre-emptive rights, to members of a com
Slide 71: Extraordinary Resolution 22
9. RESOLUTIONS SUBMITTED FOR APPROVAL RESOLUTION 22 Powers to complete formalities EXTRAORDINARY This resolution relates to the powers required to carry out the inherent publications and statutory formalities in connection with the resolutions of this Meeting. RESOLUTION 22 COMBINED GENERAL MEETING
Slide 72: Close of General Meeting
10. Close of General Meeting ORIGINE COMBINED GENERAL MEETING Nanterre, Hauts-de-Seine FRIDAY, APRIL 21, 2023 72
Slide 73: Next important dates
10. CLOSE OF GENERAL MEETING Next important dates: • April 24, 2023 (before the market opens): Q1 2023 financial data • July 24, 2023 (before the market opens): 2023 Half Year Results • October 23, 2023 (before the market opens): Q3 2023 financial data COMBINED GENERAL MEETING FRIDAY, APRIL 21, 2023