Rail News

Alstom Shareholders Approve Siemens Merger and Other Resolutions

Paris, 17 July: shareholders of Alstom Transport have approved all of the resolutions proposed at their 2018 Special and Combined Meetings. More than 95% of shareholders approved the merger of Alstom with Siemens Mobility, including its rail traction drive division.

The merger requires the approval of the appropriate anti-trust authorities, but is expected to be completed during the first half of 2019. At the close of day before the closing date for the merger Alstom’s shareholders will receive two exceptional distributions: a control premium (Distribution A) of €4 per share, and an exceptional distribution (Distribution B) of up to €4 per share.

Related Post:  RSBN Franchise Goes to NordWestBahn Again
Alstom-Special and Combined Shareholders' Meetings
© Alstom Transport

The meeting also included a review of the company’s financial performance in 2017/18 and 2020 strategy. The shareholders approved the distribution of a dividend of €0.35 per share, an increase of 40% on 2017. The ex-dividend date will be 20 July 2018 and the record date will be 23 July 2018. The dividend will be payable in cash from 24 July 2018.

The shareholders approved the renewal of the mandates of Olivier Bouygues, Bouygues SA (represented by Philippe Marien) and Bi Yong Chungunco and the appointment of Baudouin Prot and Clotilde Delbos as directors. There are 14 directors on the board and these appointments maintain the ratio of independent members at 64%. The resolution to remove double voting rights was also approved at the meetings.

Related Post:  Russian Railways Launches New Rail Freight Service from Japan to Europe

Finally, the shareholders agreed a future board of directors for Siemens-Alstom, which will be composed of 11 directors, 55% of whom are independent. 45% of members are women. The names and future positions of the directors are Roland Busch as chairman, Yann Delabrière as independent vice-chairman, Clotilde Delbos, Sigmar H. Gabriel, Sylvie Kandé de Beaupuy, Janina Kugel, Henri Poupart-Lafarge as CEO, Baudouin Prot, Christina M. Stercken, Ralf P. Thomas and Mariel von Schumann.

Tags in this story

News categories

    18 Jul 2019
    First Upgraded Class 175 DMU Back in Service for TfW
    16 Jul 2019
    ERTMS Level 2 Becomes Operational on High-Speed Line in Spain
    15 Jul 2019
    Industry Insider Week 28 – 10 Must-Read Rail Stories
    11 Jul 2019
    Alstom Training at Ajman University a Success
    09 Jul 2019
    Nomad-Alstom Consortium Win Multi Million-Pound On-Board Passenger WiFi Contract
    09 Jul 2019
    Alstom to Supply Traction Systems to Xian Metro’s Line 5
    08 Jul 2019
    Trenitalia Receives Last Alstom Jazz Train
    08 Jul 2019
    Industry Insider Week 27 – 9 Must-Read Rail Stories
    Subscribe
    Subscribe to Railway-News
    Get the latest contract alerts and Railway News emailed directly to your inbox.

    We respect your privacy and take protecting it seriously.

    Please tick to confirm you would like to receive emails we think may be of interest to you. We sometimes tailor the content you see to what we think you'll find interesting, and so monitor your interaction with our website and email content (find out more).