Legrand: Combined Ordinary and Extraordinary Meeting of Shareholders of May 27, 2014

Regulatory News: 

The combined ordinary and extraordinary general meeting of LEGRAND (Paris:LR) shareholders was held on May 27, 2014, chaired by Legrand Chairman and Chief Executive Officer, Mr. Gilles Schnepp.

At the general meeting, Legrand shareholders adopted all the resolutions proposed by the Board of Directors by a large majority.

In particular, Legrand shareholders renewed for a four-year term the Directors’ mandates of Mr. Olivier Bazil, Mr. François Grappotte, Mr. Dongsheng Li and Mr. Gilles Schnepp. Moreover, meeting immediately after the general meeting, the Board of Directors reappointed Mr. Gilles Schnepp as Chairman and Chief Executive Officer.

Consequently, as before, out of a total of ten members, the Board of Directors includes:

• Seven independent Directors, i.e., a ratio of 70%, which exceeds the 50%-ratio recommended by the Afep-Medef Code of Corporate Governance;
• Four women, i.e., a proportion of 40%, compliant since 2013 with both the requirements of the French Commercial Code (40% as from 2017) and the recommendations of the Afep-Medef Code of Corporate Governance (40% as from 2016); and
• Five different nationalities: Belgian, Chinese, French, Italian, and Spanish.

Membership of the Board of Directors thus reflects a great diversity of talents, nationalities and cultures, in line with the diversity policy advocated by the Group.

Legrand shareholders also decided to distribute a dividend of €1.05 per share in respect of the 2013 financial year, with payment on June 3, 2014.

Legrand shareholders were also given a presentation of the Group’s new roadmap on Corporate Social Responsibility (CSR) for 2014-2018. This roadmap follows on from the two previous editions which Legrand successfully concluded over the 2007-2010 and 2011-2013 periods respectively.

The definition of this new roadmap reasserts Legrand’s commitment on CSR related issues, which are also closely linked to its business activities and strategic axes. The new roadmap is built around 4 axes – Users, Society, Staff, and the Environment –, which in turn are translated into 21 objectives, the achievement of which will be measured and published each year. The full set of objectives and their presentation are available on the Legrand website at www.legrand.com, under "Our responsibility”.

Presentations to the General Meeting as well as full results of votes on resolutions and the General Meeting webcast will be available on the Company’s website at www.legrand.com, under "Finance / Shareholders’ corner / 2014 General Meeting”.

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Key financial dates

• Ex-dividend date: May 29, 2014
• Dividend payment date: June 3, 2014
• 2014 first-half results: July 31, 2014
• 2014 nine-month results: November 6, 2014

ABOUT LEGRAND

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for use in commercial, industrial and residential markets makes it a benchmark for customers worldwide. Innovation for a steady flow of new products with high added value, and acquisitions are prime vectors for growth. Legrand reported sales of close to €4.5 billion in 2013. The company is listed on NYSE Euronext and is a component stock of indexes including the CAC40, FTSE4Good, MSCI World, Corporate Oekom Rating, and DJSI (ISIN code FR0010307819). www.legrand.com