Societe Generale SA (STU:SGE)

€ 24.99 -0.01 (-0.04%) Market Cap: 19.99 Bil Enterprise Value: 9.62 Bil PE Ratio: 8.52 PB Ratio: 0.31 GF Score: 70/100

Societe Generale SA Annual Shareholders Meeting (French) Transcript

May 19, 2020 / 02:00PM GMT

Release Date Price: €12.22 (-4.62%)

Transcript

Lorenzo Bini Smaghi;tÃ;GÃ;nÃ;rale SociÃ;tÃ;anonyme;Independent Chairman of the Board

SociÃ

©©©©©©-

Ladies and gentlemen, shareholders, good afternoon. The pandemic has led us to organize this meeting without your actual presence. We're deeply sorry. And we do hope that we will meet you again at the next opportunity. You have, nevertheless, received all useful information for your -- be able to vote within the normal time frame.

As you know, the only decision impacted by this crisis relates to dividend. You know why. The European Central Bank relayed the governments' conviction to strongly recommend that banks should not pay out any dividend before the first of October. And therefore, the Board on the 31st of March had decided to propose to your meeting to pay out dividend for 2019. And this payment was not possible before the 30th of September.

The Board of Directors did not decide after that date to pay out an interim dividend or an exceptional dividend. A decision will be

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