The Combined Ordinary and Extraordinary Meeting of the Shareholders of Banque Nationale de Paris was held on May 23, 2000, chaired by Mr. Michel Pébereau.
The Meeting adopted all the resolutions proposed by the Board of Directors, declaring a net dividend of 1.75 euro per share, for total earnings per share of 2.63 euros including a dividend tax credit. The 1998 dividend was 1.50 euro, or 2.25 euros including a dividend tax credit. The dividend will be payable in cash only as of May 26, 2000.
The Ordinary Meeting of the Shareholders appointed Mr. Claude Bébéar, Mr. Michel François-Poncet, Mr. Paul-Louis Halley and Mr. Denis Kessler to three-year terms as directors, and ratified the appointment by cooptation of Mr. Baudouin Prot as director by the Meeting of the Board of Directors of March 7, 2000, to replace Mr. Jacques Henri Wahl and serve out the remainder of his term.
Resolutions adopted by the Extraordinary Meeting of the Shareholders included the merger of Paribas with BNP, retroactive to January 1, 2000. The Extraordinary Meeting also resolved to merge BNP Finance with BNP, retroactive to January 1, 2000. These mergers are a decisive step toward forming the new group.
The Meeting of the Shareholders also made a number of amendments to the Bylaws, including the decision to change BNP's name to BNP Paribas.
The Meeting adopted all the resolutions proposed by the Board of Directors, declaring a net dividend of 1.75 euro per share, for total earnings per share of 2.63 euros including a dividend tax credit. The 1998 dividend was 1.50 euro, or 2.25 euros including a dividend tax credit. The dividend will be payable in cash only as of May 26, 2000.
The Ordinary Meeting of the Shareholders appointed Mr. Claude Bébéar, Mr. Michel François-Poncet, Mr. Paul-Louis Halley and Mr. Denis Kessler to three-year terms as directors, and ratified the appointment by cooptation of Mr. Baudouin Prot as director by the Meeting of the Board of Directors of March 7, 2000, to replace Mr. Jacques Henri Wahl and serve out the remainder of his term.
Resolutions adopted by the Extraordinary Meeting of the Shareholders included the merger of Paribas with BNP, retroactive to January 1, 2000. The Extraordinary Meeting also resolved to merge BNP Finance with BNP, retroactive to January 1, 2000. These mergers are a decisive step toward forming the new group.
The Meeting of the Shareholders also made a number of amendments to the Bylaws, including the decision to change BNP's name to BNP Paribas.