L'Oréal: Board decisions for AGM of 30 June

(CercleFinance.com) - L'Oréal's Board of Directors has decided that its AGM will be held behind closed doors on 30 June 2020.


The Board has decided to waive the scheduled 10.4% increase in its dividend, instead proposing a 3.85 euro dividend at the AGM, identical to that paid in 2019.

It has also decided to abandon share repurchases throughout 2020; these totaled 750 million euros in 2019.

The group also decided to establish a fund for philanthropic endowment of 50 million euros to support associations accompanying women in highly vulnerable situations worldwide, who are victims of the social and economic crisis.


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