Universal Music Group N.V. Announces Results of its 2022 Annual General Meeting of Shareholders
Universal Music Group N.V. held its first Annual General Meeting of shareholders on May 12, 2022, where all resolutions were adopted by majority vote.
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Rhea-AI Summary
Universal Music Group N.V. held its first Annual General Meeting of shareholders on May 12, 2022, where all resolutions were adopted by majority vote. Key outcomes included a positive advisory vote on the 2021 Remuneration Report, the adoption of 2021 financial statements, and the appointment of four Non-Executive Directors. A final dividend of EUR 0.20 per share was approved, totaling EUR 0.40 for the financial year 2021. Important dates for the dividend payment include the ex-dividend date on May 16, 2022, and the payment date on June 8, 2022.
Positive
- All AGM resolutions adopted with majority support.
- Total dividend increased to EUR 0.40 per share for 2021.
- Appointment of experienced Non-Executive Directors.
Negative
- None.
Details
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HILVERSUM, Netherlands, May 12, 2022 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the results of its first-ever Annual General Meeting of shareholders ("AGM") held earlier today.
All resolutions on the AGM agenda were adopted with a majority of the votes cast, including, among others:
- a positive advisory vote on the 2021 Remuneration Report;
- the adoption of the 2021 financial statements;
- the appointment of Bill Ackman, Nicole Avant, Cyrille Bolloré and Sherry Lansing as Non-Executive Directors;
- the issuance of shares and the exclusion of the pre-emptive rights in relation to such shares under, and the approval of, the 2022 Universal Music Group Global Equity Plan;
- the approval to award annual long-term incentive and special grants to Executive Directors; and
- the re-appointment of Ernst & Young Accountants LLP and Deloitte Accountants B.V. as joint external auditors for the financial year 2022.
The proposal to adopt a final dividend of EUR 0.20 per share was also approved. With the interim dividend of EUR 0.20 per share that was paid in October 2021, this brings the total dividend for the financial year 2021 to EUR 0.40 per share. The following timetable shall apply with respect to the payment of the final dividend:
May 16, 2022: Ex-dividend date;
May 17, 2022: Dividend record date; and
June 8, 2022: Final dividend payment date.
Further details of the AGM, including the voting results, are available on the Company's website: https://investors.universalmusic.com/governance/agm.
About Universal Music Group
At Universal Music Group (EURONEXT: UMG), we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group N.V. visit www.universalmusic.com.
Contacts
Media
James Murtagh-Hopkins – communicationsnl@umusic.com
Investors
Erika Begun – investorrelations@umusic.com
Upcoming Calendar
1H 2022 Results: July 27, 2022
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SOURCE Universal Music Group N.V.
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