16May06

Press release

Group

Combined General Meeting of Shareholders 16 May 2006

Agenda of the Combined General Meeting of Shareholders of SCOR chaired by Denis Kessler took place in Paris on May 16, 2006.

The Combined General Meeting of Shareholders of SCOR chaired by Denis Kessler took place in Paris on May 16, 2006. The agenda was as follows:


Concerning the ordinary shareholders' meeting
 
1. Approval of the annual accounts for the fiscal year ended December 31, 2005;
 
2. Allocation of income and determination of the dividend for the fiscal year ended December 31, 2005;
 
3. Approval of the consolidated accounts for the fiscal year ended December 31, 2005;
 
4. Approval of the agreements referred to in the statutory auditors' special report pursuant to Article L. 225-38 of the French Commercial Code;
 
5. Authority granted to the board of the directors in order to carry out transactions on the shares of the Company;
 
6. Powers of attorney to carry out formalities.
 

Concerning the extraordinary shareholders' meeting
 

7. Approval of the contribution of the Company’s Non-Life reinsurance branch to SCOR Global P&C;
 
8. Delegation of authority to the board of directors in order to decide to increase the share capital by the issuance of ordinary shares, with shareholders' preferential subscription right;
 
9. Authorization granted to the board of directors in order to reduce the share capital by cancellation of the Company's own treasury shares; 
 
10. Delegation to the board of directors in order to issue ordinary shares of the Company, with cancellation of the shareholders’ preferential subscription right, to the benefit of categories of persons pursuant to Article L. 225-138 of the French Commercial Code;
 
11. Authorization granted to the board of directors in order to grant options to subscribe and/or purchase shares for the benefit of members of the salaried personnel and Company representatives;
 
12. Authorization granted to the board of directors in order to attribute ordinary shares of the Company at no cost to members of the salaried personnel and Company representatives;
 
13. Delegation of authority to the board of directors in order to carry out the capital increase by issuance of shares reserved for the members of savings plans (plans d'épargne), with cancellation of the preferential subscription right to the benefit of such members;
 
14. Aggregate ceilings of the capital increases;
 
15. Harmonization of the Company's by-laws with Law No. 2005-842 dated July 26, 2005 to build trust in and modernize the economy, called the “Loi Breton”;
 
16. Deletion of the provisions relating to board members representing employees and correlative amendment of the Company’s by-laws;
 
17. Regrouping of the Company shares into shares of a par value of EUR 7.8769723 each;
 
18. Powers of attorney to carry out formalities.
 

The Combined General Meeting of Shareholders of SCOR approved all of the resolutions submitted to it. 

Contact

Marie-Laurence Bouchon

Group Head of Communications

+33 (0)1 58 44 75 43

mbouchon@scor.com

 

Ian Kelly

Head of Investor Relations

+44 203 207 8561

ikelly@scor.com