BIC Group - Press Release
At a meeting chaired by Mr. Bruno Bich on Friday, February 10, 2017, the SOCIÉTÉ BIC Board of Directors was apprised of recommendations by the Compensation and Nomination Committee and made the following decisions:
Remuneration for fiscal year 2016:
Mr Bruno Bich received 200,000 euros as fixed remuneration and no variable remuneration.
Remuneration for fiscal year 2017:
The Board has set the fixed parts of the remunerations:
The Board also sets the 2017 target for the variable part of their remuneration:
Performance-Based Share Allocations:
Each of the following beneficiaries has been granted performance-based BIC shares:
The shares will become fully vested on March 31, 2020, provided that the following two objectives are achieved: Net Sales increase and Cash Flow From Operations and Change in Inventory (CFO &I), as a percentage of net sales.
|Investor Relations : +33 1 45 19 52 26||Press Contacts|
|Albane de La Tour d'Artaise email@example.com|
Priscille Reneaume: +33 1 53 70 74 70
For more information, please consult the corporate website: www.bicworld.com
|First quarter 2017 results||26 April 2017||Conference call|
|2017 AGM||10 May 2017||Meeting - BIC Headquarters|
|Second Quarter 2017 results||03 August 2017||Conference call|
BIC is a world leader in stationery, lighters, shavers and promotional products. For more than 60 years, BIC has honored the tradition of providing high-quality, affordable products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands in the world. BIC products are sold in more than 160 countries around the world. In 2016, BIC recorded Net Sales of 2,025.8 million euros. The Company is listed on "Euronext Paris" and is part of the SBF120 and CAC Mid 60 indexes. BIC is also part of the following Socially Responsible Investment indexes: CDP's Climate A List, CDP's Supplier Climate A List, CDP Supplier Engagement Leader Board, FTSE4Good indexes, Ethibel Sustainability Index (ESI) Excellence Europe, Euronext Vigeo - Eurozone 120, Euronext Vigeo - Europe 120, Stoxx Global ESG Leaders Index.
 Amounts in US dollars were translated into euros using the average exchange rate for 2016 (1 € = 1.1062 USD).