At a meeting on Monday, Kering’s board decided to postpone its AGM to June 23 from April 23, the luxury group said in a statement. France on Friday extended its official confinement period until April 15, although it could be prolonged until the end of the month.
“A press release will be issued later to inform shareholders of the arrangements for the general meeting, the payment of the dividend as well as other resolutions submitted to their approval,” Kering said.
The French government has asked companies who have benefited from emergency government aid, including state-backed loans and a postponement of taxes and social charges, to refrain from paying a dividend this year.
Asked whether it plans to make use of government aid and whether its planned dividend will be cut as a result, Kering declined to comment.