EVS Broadcast Equipment invites its shareholders to the Ordinary General Meeting on May 17, 2016

Publication on April 15, 2016, 5.45pm CET
Regulated information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

EVS Broadcast Equipment, the leading provider of live video production systems, published today the invitation to its Ordinary General Meeting, to be held on May 17, 2016, at its headquarters in Liège.

Aside from the usual topics, the Board of Directors will propose to shareholders to approve the following resolutions:

• The payment of a total gross dividend of EUR 1.00 (including the interim dividend of EUR 0.50 paid in November 2015), implying a final gross dividend of EUR 0.50 to be paid on May 26, 2016;
• A profit sharing plan in the form of a grant of 37 EVS shares for EVS employees, adjusted for the employee time spent with the firm in 2015;
• Board mandates:
  • the renewal of the mandates of Michel Counson and Freddy Tacheny as Directors.
  • the confirmation of the mandate of Patrick Tillieux
  • the appointment of InnoConsult bvba (permanently represented by Martin De Prycker)
• The change in the remuneration of the mandates of the members of the Board;
• The appointment of Ernst & Young Réviseurs d'entreprises as statutory auditor for the coming three years.

The EUR 1.00 total dividend, which implies a pay-out ratio of 56.8% and a dividend yield of 3.5% (on the 2015 average share price), reflects the willingness of the Board of Directors to continue to distribute a large portion of the net profit, while keeping enough financial flexibility to support the future growth of EVS in new markets under development in the broadcast industry.

All documents relating to the combined Ordinary General Meeting of May 17 are available on the website of EVS Broadcast Equipment at www.evs.com, including the 2015 annual report.