EVS Broadcast Equipment invites its shareholder...

Publication on April 15, 2016, 5.45pm CET
Regulated information
EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

EVS Broadcast Equipment, the leading provider of live video production systems, published today the invitation to its Ordinary General Meeting, to be held on May 17, 2016, at its headquarters in Liège.

Aside from the usual topics, the Board of Directors will propose to shareholders to approve the following resolutions:

• The payment of a total gross dividend of EUR 1.00 (including the interim dividend of EUR 0.50 paid in November 2015), implying a final gross dividend of EUR 0.50 to be paid on May 26, 2016;
• A profit sharing plan in the form of a grant of 37 EVS shares for EVS employees, adjusted for the employee time spent with the firm in 2015;
• Board mandates:
  • the renewal of the mandates of Michel Counson and Freddy Tacheny as Directors.
  • the confirmation of the mandate of Patrick Tillieux
  • the appointment of InnoConsult bvba (permanently represented by Martin De Prycker)
• The change in the remuneration of the mandates of the members of the Board;
• The appointment of Ernst & Young Réviseurs d'entreprises as statutory auditor for the coming three years.

The EUR 1.00 total dividend, which implies a pay-out ratio of 56.8% and a dividend yield of 3.5% (on the 2015 average share price), reflects the willingness of the Board of Directors to continue to distribute a large portion of the net profit, while keeping enough financial flexibility to support the future growth of EVS in new markets under development in the broadcast industry.

All documents relating to the combined Ordinary General Meeting of May 17 are available on the website of EVS Broadcast Equipment at www.evs.com, including the 2015 annual report.

For more information, please contact:   Yvan ABSIL, Senior Vice President, CFO Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate Communication EVS Broadcast Equipment S.A., Liege Science Park, 13 rue du Bois Saint-Jean, B-4102 Seraing, Belgium Tel: [phone].  E-mail: [e-mail]; www.evs.com

Forward Looking Statements This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS' management are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.   About EVS EVS is globally recognized as the technology leader for live video production. The company introduced Live Slow Motion replay in 1994, and has continued to build on its reputation for quality and reliability with solutions that enhance live sports, entertainment and news content. Innovations - such as the C-Cast multimedia platform and DYVI IT-based switcher - are raising the bar for live production enrichment, management and distribution. Broadcasters, rights owners, producers and venues alike use EVS to maximize the value of their productions and increase revenue streams. The company is headquartered in Belgium with around 500 employees in offices in Europe, the Middle East, Asia and North America, and provides sales and technical support to more than 100 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com.

Press release in pdf format

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EVS Broadcast Equipment via Globenewswire

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