Rothschild & Co: Combined General Meeting of 17 May 2018
All the resolutions submitted by the Managing Partner have been approved
Rothschild & Co announces that during the Combined General Meeting held on 17 May 2018, its shareholders agreed all of the proposals that were submitted by the Managing Partner.
This General Meeting and the Supervisory Board of Rothschild & Co which followed have endorsed the change in leadership from David de Rothschild to his son, Alexandre de Rothschild. Alexandre de Rothschild is now Executive Chairman of Rothschild & Co Gestion, Rothschild & Co's Managing Partner. David de Rothschild succeeds Eric de Rothschild as Chairman of the Supervisory Board, while the latter has been appointed with Adam Keswick as Deputy Chairmen of the Supervisory Board.
Dividend for the financial year 2017
Following the recommendation of the Supervisory Board, the General Meeting of shareholders approved the payment of a dividend of €0.68 per share, i.e. a 6% increase on the dividend payment compared to the previous financial year with an additional payment of €0.14 per share, which represents a total amount of €55.6 million, reflecting the good results of the financial year and the confidence of the Group in the future. The dividend will be payable on 24 May 2018.
Supervisory Board composition
The General Meeting of shareholders approved:
- the appointment of Mr. David de Rothschild as a member of the Supervisory Board; and
- the renewal of Ms. Lucie Maurel-Aubert, Messrs. Sylvain Héfès, Anthony de Rothschild, Sipkto Schat and Peter Smith's terms of office.
More detailed information on members' profiles are available in the Annual Report and the Combined General Meeting Document, and on the company's website, www.rothschildandco.com.
The presentation made during the General Meeting, as well as detailed information on the quorum and the results of the votes are available on the company's website, www.rothschildandco.com, section “Investor relations / Shareholders / General Meetings”.
Financial calendar
- 25 September 2018: Half year results 2018 (January - June)
- 13 November 2018: Third quarter information 2018 (July - September)
For further information
Investor Relations
Marie-Laure Becquart
Tel.: +33 (0)1 40 74 65 26
marie-laure.becquart@rothschild.com
Media Relations
Caroline Nico
Tel.: +33 (0)1 40 74 43 44
caroline.nico@rothschild.com
For more information, please visit the Group's websites: www.rothschildandco.com, www.rothschild.com
About Rothschild & Co
With a team of c.3,500 talented financial services specialists on the ground in over 40 countries across the world, our integrated global network of trusted professionals provide in-depth market intelligence and effective long-term solutions for our clients in Global Advisory, Private Wealth, Asset Management, and Merchant Banking. Rothschild & Co is family-controlled and independent and has been at the centre of the world's financial markets for over 200 years.
Rothschild & Co is a French partnership limited by shares (société en commandite par actions) listed on Euronext in Paris, Compartment A with a share capital of €154,895,024. Paris trade and companies registry 302 519 228. Registered office: 23 bis avenue de Messine, 75008 Paris, France.