Rexel Shareholders Approve Dividend and Board Appointments at Annual Meeting
Rexel's Annual Shareholders' Meeting approved all resolutions, including a dividend of 1.20 euros per share. The meeting also confirmed director appointments and compensation policies.
PARIS – Rexel held its Annual Shareholders' Meeting in Paris on Tuesday, where all presented resolutions were approved by shareholders. Key decisions included the distribution of 1.20 euros per share, aligning with the company's policy of distributing at least 40% of recurring net income.
The ex-dividend date is set for May 15, 2024, with payment scheduled for May 17, 2024. Resolutions concerning the compensation of the Chair of the Board, Directors, and the Chief Executive Officer also received shareholder approval.
Changes to the Board of Directors were confirmed, with Eric Labaye appointed as an independent director, replacing François Henrot. Catherine Vandenborre was also appointed as an independent director, and Brigitte Cantaloube's term was renewed for four years.
Rexel is a global distributor of products and services for the energy sector, serving residential, commercial, and industrial markets. The company reported sales of 19.2 billion euros in 2023 and operates over 1,950 branches in 19 countries.