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Acerinox announces dividend and changes to board

Steel News - Published on Mon, 15 Apr 2019

Image Source: acerinox
The General Shareholders' Meeting of Acerinox SA in Madrid approved the proposed resolutions listed in the agenda, including an increase in the return to shareholder of 0.50 Euro per share, as opposed to the 0.45 they had been receiving in the past few years, changes to the composition of the Board of Directors and a reduction of the number of members.

Regarding the news within the Board of Directors, the decisions made during the Meeting included the appointment of Mr Ignacio Martín and Mr Donald Johnston as Independent Directors, and Mr Pablo Gómez Garzón and Mr Mitsuo Ikeda as Proprietary Directors, with the first representing the Corporación Financiera Alba and replacing Pedro Ballesteros, and the latter representing Nippon Steel Stainless Steel Corporation and replacing Mr. Katsuhisa Miyakusu.

During the Meeting it was also agreed to eliminate a position in the Board of Directors, going from 15 to 14 members, to gradually match its size to the boards of similar European and Spanish companies.

Source :

Posted By : Ratan Singh on Mon, 15 Apr 2019
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