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Universal Music Group NV announces results of its 2024 annual general meeting of shareholders

Posted on by angelo
Universal Music Group NV announces results of its 2024 annual general meeting of shareholders

HILVERSUM, The Netherlands, May 16, 2024 /PRNewswire/ — Universal Music Group NV (“UMG” or “the Company”) today announced the results of its annual general meeting of shareholders (“AGM”) held earlier today.

All resolutions on the AGM agenda were adopted by a majority of votes cast, including:

  • a positive advisory vote on the 2023 remuneration report;
  • the adoption of the 2023 accounts;
  • the reappointment of Vincent Vallejo as Executive Director;
  • the reappointment of Bill Ackman, Cathia Lawson HallCyrille Bolloré, James MitchellManning Doherty, Margaret Frerejean-Taittinger and Nicole Avant as non-executive directors;
  • the appointment of Eric Sprunk and Mandy Ginsberg as non-executive directors;
  • the adoption of the Non-Executive Directors Remuneration Policy and the authorization to issue shares and grant share subscription rights to Non-Executive Directors under the Non-Executive Directors Remuneration Policy.

The proposal to adopt a final dividend of 0.27 euros per share was also approved. With the interim dividend of 0.24 euros per paid-up share October 2023this brings the total dividend for the 2023 financial year to €0.51 per share. The following schedule will apply with regard to the payment of the final dividend:

May 20, 2024: Dividend ex-dividend date;
May 21, 2024: Date of recording of the dividend; And
June 11, 2024: Date of payment of the balance of the dividend.

The detailed results of the AGM vote will be available on the Company’s website within 15 days, as required by the Dutch Financial Supervision Act.

About Universal Music Group
At Universal Music Group (EURONEXT: UMG), we exist to shape culture through the power of art. UMG is the global leader in music entertainment, with a broad range of businesses active in recorded music, music publishing, merchandising and audio-visual content. Featuring the most comprehensive catalog of recordings and songs across all musical genres, UMG identifies and develops artists and produces and distributes the world’s most critically acclaimed and commercially successful music. Committed to art, innovation and entrepreneurship, UMG promotes the development of services, platforms and business models to expand artistic and commercial opportunities for our artists and create new experiences for fans. For more information about Universal Music Group N.V.. visit www.universalmusic.com.

SOURCE Universal Music Group SA