Annual report 2001 - GL events

88 89
4-6
Draft of proposed resolutions presented at the Mixed
Annual General Meeting of 20 June 2002
RESOLUTIONS UNDER THE COMPETENCE OF THE ORDINARY GENERAL MEETING
FIRST RESOLUTION
After presentation of the Board of Directors‘ report and
the Auditors‘ General Report, the Annual General
Meeting approves the consolidated financial statements,
comprising the consolidated balance sheet, the income
SECOND RESOLUTION
After presentation of the Board of Directors’s report and
the Auditors’ General Report, the Annual General
Meeting approves the reserves and the annual corporate
accounts, comprising the balance sheet, the income
statement and the notes at 31 December 2001, as they
THIRD RESOLUTION
The Annual General Meeting approves the Board of
Directors‘ proposition, and after observing that the
financial statements ended at 31 December 2001 were
statement, and the notes at 31 December 2001, as they
were presented, and also the operations entered in these
accounts and summarized in these reports.
were presented, and also the operations entered in these
accounts and summarized in these reports.
Consequently, it gives the board members full discharge
for the year ended 31 December 2001.
showing a profit of € 8 426 238,68, decided to allocate
it as follows :
(In Euros)
Legal reserve 421 311.93
Special reserve for long-term capital gains 1 259 646.39
Dividends that is €. 0.28 per share 3 354 692.60
Retained earnings 3 390 587.76
TOTAL 8 426 238.68
The Annual General Meeting observed that the net
dividend per share would be € 0.28 and the
corresponding tax credit € 0.14 for the shareholders who
are entitled to it, amounting for these shareholders to a
gross earning of € 0.42 , however subject to the special
provisions of the Tax General Code concerning the
amount and the beneficiary of the tax credit.
In compliance with the law, the Annual General Meeting
states that the amount of the dividend being distributed
and that of the corresponding tax credit for the three
precedent years are as follows :
Years Net dividend Tax credit
(rate at 50 %)
€ €
1998 0.10 0.05
1999 0.20 0.10
2000 0.28 0.14
The information given takes into account for the three years the division by five of the nominal value of the share
decided upon by the Annual General Meeting of 15 June 2001.
FOURTH RESOLUTION
The Annual General Meeting, after listening to the presentation of the Auditors ‘ special report concerning the
conventions listed in the case L 225-38 and the following ones of the New Business Code under which the report is
governed, approves each of the said conventions.