Legrand SA Announces Board Changes; Approves to Distribute a Dividend for the Year 2015, Payable on June 2, 2016
May 27, 2016 at 11:45 am
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Legrand SA announced that at its ordinary and extraordinary general meeting of shareholders held on May 27, 2016, approved to appoint for a four-year term, Ms. Isabelle Boccon-Gibod, as an independent Director. Meeting immediately after the general meeting, the Board of Directors decided to appoint Ms. Isabelle Boccon-Gibod as a member of the Audit Committee and Ms. Eliane Rouyer-Chevalier as a member of the Compensation Committee.
The company shareholders also decided to distribute a dividend of €1.15 per share in respect of the 2015 financial year, split into two payments: €0.72 per share from distributable income; €0.43 per share as a repayment of paid-in capital. Ex-dividend date will be May 31, 2016 and the dividend will be paid on June 2, 2016.
Legrand is the global specialist in electrical and digital building infrastructure. Its comprehensive range, suitable for the commercial, industrial, and residential segments of the low voltage market, makes Legrand a benchmark for customers worldwide. Close to its markets and focused on its customers, Legrand has commercial and industrial operations in over 90 countries. The group benefits from solid, long-term growth levers.
Geographically, 41.4% of net sales are generated Europe region, 38.6% in North and Central America and 20% in the rest of the world.
In terms of product offering, 36% of its sales come from products with enhanced value in use (datacenters, connected products in the Eliot program, and energy efficiency programs).
In addition, the group benefits from very solid social and technological megatrends which will support its long-term development.
LEGRAND 
