ENGIE (EPA:ENGI) - Update_Approval at the General Shareholders’ Meeting of all resolutions

Transparency directive : regulatory news

14/05/2020 18:08

Press release
14 May 2020

     Approval at the General Shareholders' Meeting of all resolutions

* Inclusion of the Group's purpose statement in the bylaws
* Reappointment of Fabrice Brégier and Lord Peter Ricketts of Shortlands as
   Directors

ENGIE's Combined General Shareholders' meeting was held on 14 May 2020 in its
headquarters under Jean-Pierre Clamadieu's chairmanship, without the physical
presence of shareholders in the context of the health crisis.

The Shareholders' Meeting was broadcast live on the Group's website. 15 246
shareholders voted remotely or by granting a proxy to the Chairman of the
Meeting or a third party, representing 1,745,637,500 shares and 2,335,413,043
of voting rights. 74.9% of the voting rights were cast, for an approval rate of
the resolutions between 77% and 99%.

Shareholders approved the Group's purpose statement and its inclusion in the
bylaws of the Company (article 2). ENGIE's purpose statement was co-created
through a robust consultative process with the Group's employees, clients,
partners and shareholders, as well as representatives of the civil society.

ENGIE's purpose (''raison d'être'') is to act to accelerate the transition
towards a carbon-neutral economy, through reduced energy consumption
and more environmentally-friendly solutions. The purpose brings together the
company, its employees, its clients and its shareholders, and reconciles
economic performance with a positive impact on people and the planet. ENGIE's
actions are assessed in their entirety and over time.

This purpose statement is notably reflected in the new concrete objectives of
Social and Environmental Responsibility, as announced by the Group at the
beginning of the year:
- greenhouse gas emissions resulting from production of electricity should be
  reduced from 149 Mt in 2016 to 43 Mt by 2030 (for 80 Mt in 2019);
- on gender diversity, the share of women in the management of the Group should
  increase from c. 23% in 2016 to 50% by 2030 (24% in 2019);
- the share of renewable energy in the power production capacity mix should
  reach 58% in 2030, compared to 20% in 2016 (for 28% in 2019).

During the meeting, the shareholders have reappointed, for 4 years, the terms
of Fabrice Brégier and Lord Peter Ricketts of Shortlands, as independent
Directors. With these reappointments the Board is composed of 13 members whose
6 are independent.

The other resolutions, including those regarding the financial statements and
income allocation for the 2019 financial year, were also approved. The
shareholders approved the Board's decision to not pay a dividend for the 2019
financial year in a spirit of responsibility and prudence in this exceptional
context due to the Covid-19 pandemic.

During this General Shareholders' meeting, Jean-Pierre Clamadieu said : "This
Annual General Meeting, which was particular because of the pandemic, was held
in a digital format that nevertheless made it possible to maintain a quality
dialogue with shareholders.
I congratulate Fabrice Brégier and Lord Peter Ricketts of Shortlands for their
second term reappointment as Board members. The shareholders also approved the
integration of the purpose statement into the company's by-laws. This is an
excellent news as it sets a long-term direction for the Group. It will be very
useful to us in the new era that is beginning, hopefully a period of global
economic recovery through low-carbon investments. Our intent is to resume
dividend payment, within the framework of the policy announced last year. The
Board will decide on the dividend to be proposed at the time of the 2020
financial closing.
Finally, I want to say how proud I am to chair the Board of Directors of this
Group, whose employees have demonstrated their ability to adapt and their
spirit of solidarity during the crisis we are going through. Together, we have
worked and will continue to work on the resilience of our company and its
ability to seize opportunities for growth and development."

The presentation and the results of the vote are also available on
www.engie.com. A recording of the webcast and a written transcription will be
posted online as soon as possible.

Next event :

- 31 July 2020 : Publication of the 2020 first semester results

About ENGIE

Our group is a global reference in low-carbon energy and services. In response
to the urgency of climate change, our ambition is to become the world leader in
the zero carbon transition "as a service" for our customers, in particular
global companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey solutions.
With our 170,000 employees, our customers, partners and stakeholders, we are a
community of Imaginative Builders, committed every day to more harmonious
progress.
Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and
Brussels stock exchanges (ENGI) and is represented in the main financial
indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe)
and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris -
World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

ENGIE HQ Press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com

ENGIEpress
Investor relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: ir@engie.com

ENGIE Headquartersengie.com
Tower T1 -1 place Samuel de Champlain - Faubourg de l'Arche -92930 Paris La
Défense cedex -FranceENGIE A PLCWITH CAPITAL OF 2 435 285 011 EUROS -
RCS NANTERRE 542 107651-Tel. +33 (0)1 44 22 00 00

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