2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino
2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino
2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino
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6GENERAL MEETINGProposed resolutions6.3. PROPOSED RESOLUTIONS6.3.1. ORDINARY RESOLUTIONSFirst resolutionApproval of the Company’s f inancial statements forthe year ended 31 December <strong>2010</strong>Having considered the reports of the Board of Directors and theStatutory Auditors, the shareholders approve the Company’s financialstatements for the year ended 31 December <strong>2010</strong> as presented,showing net profit for the year of €371,661,581.13, together with thetransactions reflected or described in the said reports.The shareholders note the transfer to retained earnings, pursuant tothe resolution voted at the Annual General Meeting of 29 April <strong>2010</strong>,of 2009 dividends allocated to the 85,996 ordinary shares held bythe Company on the 10 May <strong>2010</strong>, being the dividend payment date,amounting to a total of €227,889.40.Second resolutionApproval of the consolidated f inancial statementsfor the year ended 31 December <strong>2010</strong>Having considered the reports of the Board of Directors and theStatutory Auditors, the shareholders approve the consolidated financialstatements for the year ended 31 December <strong>2010</strong> as presented,showing net profit attributable to equity holders of the parent of€549,788 thousand.Third resolutionAppropriation of net profit and dividendHaving considered the report of the Board of Directors, the shareholders resolve to appropriate profit for the year ended 31 December <strong>2010</strong>as follows, having noted that there is no need for a transfer to the legal reserve:Net profit for the year €371,661,581.13Retained earnings brought forward from 2009 (+) €2,466,738,518.33Profit available for distribution (=) €2,838,400,099.46Dividend (-) €307,659,439.14TRANSFER TO RETAINED EARNINGS (=) €2,530,740,660.32Each share will receive a dividend of 2.78 payable on 21 April 2011.Private shareholders who are French tax residents will be entitledto claim 40% tax relief on their dividends, in accordance withArticle 158-3-2 of the French Tax Code (Code général des impôts).They may alternatively elect for liability to the flat rate withholdingtax.<strong>Casino</strong> shares held by the Company on the dividend payment date donot qualify for a dividend and the corresponding sums will thereforebe transferred to retained earnings.Dividends and corresponding tax credits for the past three years were as follows:YearClass of sharesNumber ofsharesDividendper shareDividend eligiblefor 40% tax reliefDividend not eligiblefor 40% tax relief2007 • Ordinary shares96,992,416 (1) €2.30 €2.30 -• Preferred non-voting shares15,124,256 (1) €2.34 €2.34 -2008 • Ordinary shares97,769,191 (2) €5.17875 (3) €5.17875 -• Preferred non-voting shares14,589,469 (2) €5.21875 (3) €5.21875 -2009 • Ordinary shares110,360,987 (4) €2.65 €2.65 -(1) Including 318,989 ordinary shares and 50,091 preferred non-voting shares held by the Company.(2) Including 250,730 ordinary shares and 411 preferred non-voting shares held by the Company.(3) At the Annual General Meeting of 19 May 2009, the shareholders voted to distribute a cash dividend of €2.53 per ordinary share and €2.57 per preferred non-voting share, plus an additionaldividend in the form of Mercialys shares on the basis of one Mercialys share for eight ordinary or preferred non-voting <strong>Casino</strong> shares. The per share value of the Mercialys stock dividend isequal to 1/8th of the Mercialys share price on 2 June 2009, i.e. €2.64875.(4) Including 85,996 held by the Company.210 <strong>Casino</strong> Group | Registration Document <strong>2010</strong>