Corporate Amundi General Meeting 2021

The General Meeting of Amundi shareholders was held on Monday 10 May 2021 without the physical presence of the shareholders. Shareholders had the opportunity to attend and participate in the General Meeting remotely and live, in particular to vote on the draft resolutions and to ask questions during the discussion period opened by the Chairman of the General Meeting.

With a quorum of 89.57%, the General Meeting approved all the resolutions proposed by the Board of Directors, with an average percentage of 97.5%. Detailed voting results of the AGM are available at https://legroupe.amundi.com.

As announced on 10 February 2021, Amundi's financial strength allows it to resume its dividend policy^[1], a payout ratio of 65% of the Group's 2020 accounting net income. The dividend for the 2020 financial year has been set at EUR 2.90 per share, a yield of 3.7%.^[2] It will be detached from the share on 13 May 2021 and paid out from 17 May 2021.

Following the General Meeting, the Board of Directors has decided on a capital increase reserved for employees ; the completion date which is expected to take place in July 2021. This is the fifth increase since Amundi was listed on the stock market in November 2015.

This offering will strengthen employees’ sense of belonging and will be carried out within the framework of the authorisation voted by the General Meeting in May 2021. The impact of this operation on the net earnings per share should be negligible: the maximum volume of shares created will be 1 million shares (i.e. 0.5% of the capital and voting rights) and the discount offered to employees will be 30%.

In addition, as announced last February, the Board of Directors decided to change the governance structure following the General Meeting:

• Valérie Baudson was appointed Chief Executive Officer of Amundi, succeeding Yves Perrier;
• Yves Perrier was elected Chairman of the Board of Directors of Amundi, succeeding Xavier Mus