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Combined Shareholders' Meeting of April 28, 2016
8.3 Comments on the resolutions of the Shareholders' Meeting
DANONE
REGISTRATION DOCUMENT 2015
330
8.3 COMMENTS ON THE RESOLUTIONS OF THE SHAREHOLDERS' MEETING
Approval of the statutory and consolidated financial statements for fiscal year 2015
(1
st
and 2
nd
resolutions)
We request that you approve theCompany's statutory and consolidated
financial statements for the fiscal year ended December 31, 2015.
In accordance with Article 223
quater
of the French tax code, it is
stipulated that the total amount of expenses and charges referred to
in paragraph 4 of Article 39 of the French tax code totaled €368,956
during the year under review, and that the tax borne as a result of
these expenses and charges totaled €140,203.
Allocation of earnings and dividend proposal (3
rd
resolution)
You are asked to:
•
acknowledge that earnings for fiscal year 2015 totaled
€2,216,728,877.62;
•
acknowledge that retained earnings amount to €2,752,307,994.85;
totaling earnings available for allocation of profits of €4,969,036,872.47;
•
decide to allocate total earnings available for allocation as follows:
• to dividends in the amount of €1,047,921,920;
• to retained earnings in the amount of €3,921,114,952.47.
The amount of €1,047,921,910, distributed to shareholders enables
the payout of a dividend of €1.60 per share.
Where this is paid to individuals domiciled in France for tax purposes,
the dividend is fully eligible for the 40% tax allowance provided for
in Article 158-3.2° of the French tax code.
The ex-dividend date is May 5, 2016 and the dividend will be payable
as from May 9, 2016.
In accordance with Article L. 225-210 of the French commercial
code, the amount of the dividend corresponding to the shares held by
the Company on the payment date will be allocated to the “retained
earnings” account.
TABLE OF CONTENTS
Approval of the statutory and consolidated financial
statements for fiscal year 2015
(1
st
and 2
nd
resolutions)
330
Allocation of earnings and dividend proposal
(3
rd
resolution)
330
Composition of the Board of Directors
(4
th
to 6
th
resolutions)
331
Renewal and appointment of the Statutory auditors
(7
th
to 10
th
resolutions)
333
Approval of agreements and commitments
referred to in the Statutory auditors' special report
(11
th
to 13
th
resolutions)
334
Advisory opinion on the components of compensation of
corporate officers (14
th
to 15
th
resolutions)
336
Share buyback (16
th
resolution)
342
Allocations of Group Performance Shares
(17
th
resolution)
342