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Picanol BoD approves dividend of €0.10 per share for 2014
17
Apr '15
At the general meeting of Netherlands based and weaving technologies producer, Picanol NV it was proposed to pay a dividend of €0.10 per share for 2014.

The dividend or also called coupon no. 5 will be payable to shareholders of record as on April 21, 2015.

“Out of a total of 17,700,000 outstanding shares, 15,755,704 or 89.02 per cent were either present or represented at the meeting,” Picanol said in a press release.

The general meeting approved the annual accounts, the annual report and the proposed appropriation of the results.

The general meeting also granted discharge to the members of the board of directors and the statutory auditor.

Following a proposal of the board of directors, the general meeting has extended the mandate of Kantoor Torrimmo, represented by Jean-Pierre Dejaeghere, as independent director.

On the recommendation of the audit committee, the general meeting has also appointed Deloitte Bedrijfsrevisoren, as statutory auditor with a mandate of three years.

The general assembly also agreed to grant a director's fee to Luc Tack with retrospective effect from January 1, 2015.

The general meeting decided to publish 2015 half-year results on August 26, 2015, annual results on March 9, 2016 and hold the next general meeting on April 20, 2016.

Picanol develops, produces and markets high-tech weaving machines built with a synthesis of technological know-how and experience built up over more than half a century.

About 2,600 weaving mills around the world use Picanol machinery, totalling to more than 175,000 weaving machines. (AR)

Fibre2fashion News Desk - India

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