2007 Reference document (PDF) - Valeo

Auditors
Statutory Auditors
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PricewaterhouseCoopers Audit SA, represented by Serge Villepelet
and Jean-Christophe Georghiou – 63, rue de Villiers, 92200 Neuillysur-Seine,
France.
Member of the Compagnie régionale des Commissaires aux
comptes de Versailles.
First appointed on March 31, 2003.
Current term of office began on April 5, 2004 and expires
at the close of the General Shareholders’ Meeting to be held
to approve the financial statements for the year ending
December 31, 2009.
Salustro Reydel, Member of KPMG International, represented by
Jean-Pierre Crouzet and Emmanuel Paret – Immeuble Le Palatin,
3, cours du Triangle, 92939 Paris La Défense Cedex, France.
Member of the Compagnie régionale des Commissaires aux
comptes de Versailles.
First appointed on May 27, 1998.
Current term of office began on April 5, 2004 and expires
at the close of the General Shareholders’ Meeting to be held
to approve the financial statements for the year ending
December 31, 2009.
Alternate Statutory Auditors
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Yves Nicolas, 63, rue de Villiers, 92200 Neuilly-sur-Seine, France.
Member of the Compagnie régionale des Commissaires aux
comptes de Versailles.
First and current term of office began on April 5, 2004 and
expires at the close of the General Shareholders’ Meeting to
be held to approve the financial statements for the year ending
December 31, 2009.
Philippe Arnaud, 198, boulevard Malesherbes, 75017 Paris,
France.
Member of the Compagnie régionale des Commissaires aux
comptes de Paris.
First and current term of office began on April 5, 2004 and
expires at the close of the General Shareholders’ Meeting to
be held to approve the financial statements for the year ending
December 31, 2009.
Dividends
Information on the Company and its capital
General information about the issuer
Each share entitles its holder to a proportion of income equal to the
proportion of capital represented by the share.
Distributable income is composed of net income for the year less
any prior year losses and amounts appropriated to the legal reserve,
plus any income carried forward. Subject to the provisions of the law,
shareholders in a General Meeting may decide to distribute amounts
taken from available reserves and/or retained earnings. In this case,
the related resolution approved by the shareholders must clearly
specify the reserve account from which the distributed amounts are
to be taken. Shareholders may resolve to pay out a dividend only
after approving the financial statements for the year and noting that
amounts are available for distribution. Shareholders or the Board of
Directors set the applicable conditions for any dividend payments.
The Board of Directors may decide to pay an interim dividend before
the financial statements are approved, subject to the conditions set
down by law.
At the General Meeting called to approve the financial statements,
shareholders may decide to offer a stock dividend alternative
representing all or part of the dividend, or interim dividend, as
provided for by law.
Dividends unclaimed after a period of five years from the date they
were made payable are paid to the French government.
Liquidation surpluses
Liquidation surpluses are allocated between the shareholders in
proportion to their interests in the Company’s capital.
General Shareholders’ Meetings
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Ordinary and Extraordinary Shareholders’ Meetings are called and
conduct business in accordance with the conditions set down
by law.
In accordance with Article R 225-85 of the French Commercial
Code, shareholders may participate in General Meetings subject to
submitting evidence of ownership of their shares. Share ownership
is evidenced by an entry in Valeo’s share register in the name of the
shareholder (or of the intermediary acting on their behalf) or in the
register of bearer shares held by an accredited intermediary. Such
entries must be recorded by 0.00 hours (12:00 am) (CET) on the third
working day preceding the date of the Meeting. In the case of bearer
shares, the accredited intermediary shall provide a participation
certificate for the shareholders concerned, which must be attached
to the corresponding postal voting or proxy form or to the admission
card made out in the name of the shareholder or in the name of the
registered intermediary representing the shareholder.
2007 Reference document - VALEO
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