Radio Facts
Music Business News

Universal Music Group Shareholders Approve 2024 AGM Resolutions

0 views

Universal Music Group (UMG) announced the successful outcome of its Annual General Meeting of Shareholders (AGM) held on May 16, 2024. All resolutions on the agenda were passed with majority votes.

Key Outcomes:

  • Shareholders approved the 2023 remuneration report and financial statements.
  • Vincent Vallejo was re-appointed as Executive Director.
  • Bill Ackman,�Cathia Lawson-Hall,�and others were re-appointed as Non-Executive Directors.
  • Eric Sprunk and Mandy Ginsberg were newly appointed as Non-Executive Directors.
  • The Non-Executive Directors’ Remuneration Policy and share issuance for this purpose were approved.

Dividend Update:

Shareholders also approved a final dividend of EUR 0.27 per share. Combined with the EUR 0.24 interim dividend paid in October 2023, the total dividend for the 2023 financial year reaches EUR 0.51 per share.

Dividend Payment Timeline:

  • Ex-dividend date:�May 20,�2024
  • Dividend record date:�May 21,�2024
  • Final dividend payment date:�June 11,�2024

Detailed voting results will be available on the UMG website within 15 days, as required by regulations.

Universal Music Group

For more stories, visit Radio Facts.

See more in Music Business News.

Related

Radio Facts Seeks Gospel Writer(s)

Digital and Radio Facts

John Dobinson Named Chief Operating Officer Of BMG

Digital and Radio Facts

Beatport Adds Dance/Electro Pop Genre

Digital and Radio Facts

Vinyl LP Sales Hit Half Million in a Decade

Digital and Radio Facts

Radio Facts Forum is Back!

Digital and Radio Facts

SESAC Appoints John Josephson As Chairman And CEO

Digital and Radio Facts

OneBeat Labs: EDM Marketing Trends Education

Digital and Radio Facts

Radio Still Dominates Music Discovery: Nielsen Report

Digital and Radio Facts

Former Record Exec Passes

Digital and Radio Facts

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Regional News