Proxinvest approuve la proposition de dividende de 0,44 €. En effet, la distribution n'étant pas couverte par les flux de trésorerie libre, cela justifie un dividende peu élevé (0,86% des fonds propres).
Dans la politique de rémunération de 2017, la société émet la possibilité de mettre en place une rémunération variable de long terme pour ses dirigeants, ce qui serait souhaitable selon Proxinvest. En effet, la structure actuelle de la rémunérations des dirigeants n'est pas satisfaisante car elle n'est composée que d'une rémunération fixe, ce qui exclu tout lien avec la performance du groupe.
Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.
Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.
Proxinvest main services are :
Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.
Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.
As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide.
Telecom 2019 outlook for telecoms in France: key factors to watch Competitive environment could show slight improvement The door is opened for consolidation talks, but headwinds remain 5G frequencies throw additional uncertainties on the market The sector remains immune to some major macroeconomic risks
Iliad is the second-largest broadband and fourth-largest wireless telecom operator in France. The broadband side has generated solid revenue growth, margins, and returns on capital as well as good name recognition. However, it is behind on moving broadband customers to fibre, which could create problems down the road.In January 2012, Iliad used its broadband base and name recognition to enter the French wireless market with very aggressive price offerings. While it was late entering the market, it did a nice job of exploiting weakness in the market and its wireless subscriber base is now almos...
Item 1: Approve the share consolidation The Board requests shareholder approval to implement a share consolidation on the basis of 19 new ordinary shares for every 20 existing ordinary shares held. The consolidation is intended to maintain comparability, as far as possible, of the Company’s share price before and after the payment of a special dividend of $2.621 per share. The special dividend is equivalent to 5% of the market capitalisation of the Company as at 14 December 2018. The Company has implemented a series of share consolidations, returning funds to shareholders in this way in 2012...
Item 1: Approve Share Buybacks Shareholder approval is being sought to authorise the Company to make market purchases of its ordinary shares following the inclusion of a typographical error in the resolution granting authority at the 2018 AGM. This error meant that the authority granted at that meeting has already expired. As there is currently no authority in place, the Board proposes the standard share repurchase authority for the UK market with period ending until the earlier of 25 October 2019 (being the later date set out in in the resolution granting authority at the 2018 AGM) and the ...
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