Appointment of Anne-Marie Idrac as member of
the Supervisory BoardRenewal of the term of office of Jean-Paul
Parayre, Chairman of the Supervisory Board
Boulogne-Billancourt, 8 June 2011 – With a
quorum of 59%, Vallourec’s Ordinary and Extraordinary Shareholders’ Meeting
held on 7 June 2011, and chaired by Jean-Paul Parayre, adopted all the
resolutions that were put to the vote. Among the resolutions adopted were those
allowing the development of the worldwide employee shareholder programme.
Furthermore, the Shareholders’ Meeting adopted
the appointment of Anne-Marie Idrac as member of the Supervisory Board. In
addition, the assembly ratified the provisional appointment of Pascale
Chargrasse and renewed her term of office. Both appointments are for a period
of four years.
The renewals of the terms of office of
Jean-Paul Parayre and Patrick Boissier, for two and four years respectively
were adopted. Following the Shareholders’ Meeting, the Supervisory Board
reconfirmed Jean Paul Parayre and Patrick Boissier in their respective
functions of Chairman and Vice-Chairman of the Supervisory Board.
Lastly, shareholders approved the payment of a
dividend in respect of the financial year 2010 of €1.30 per share. Shareholders
may choose, from 16 to 28 June 2011, to receive payment of their dividend in
shares; in this case, the new shares will be issued at a price of € 75.92. The
dividend, in shares or in cash, will be paid on 7 July 2011.