The LLYC Shareholders’ Meeting approves a dividend of 0.172 euros per share

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The LLYC Annual General Shareholders’ Meeting has overwhelmingly approved all the points on the agenda. These include the approval of the 2023 annual accounts, the distribution of the extraordinary dividend, and the expansion of the board of directors, which increases from 9 to 10 members. Hilario Albarracín and Verónica Zavala join this management body as independent directors. The meeting took place this Thursday at the consulting firm’s headquarters in Madrid, with the presence or representation of holders of 9,519,712 shares, representing 81.78% of the company’s share capital.

The approved extraordinary dividend of 0.172 euros per share is charged to the share premium reserve. This is 30% more than in the previous two years and represents a total disbursement of close to two million euros gross. It will be paid on July 17.

The LLYC board of directors remains gender-balanced. With the new additions, it improves in diversity of profiles and experience.

In his speech, Francisco Sánchez Rivas, chairman of the LLYC board of directors, highlighted: “2023 has been a year marked by great challenges globally and with a dynamic and changing business environment. However, we have responded to these challenges, once again demonstrating our ability to adapt and successfully lead the business. Last year was marked by growth. Since we went public, we have managed to double the size of the company in record time.”

Alejandro Romero, Partner and Global CEO of LLYC, referred during his speech to the new business model that the firm has launched, with Marketing and Corporate Affairs as its core, and to the company’s acquisition policy: “As you know, this year we have closed three very relevant operations: Lambert in the United States, Dattis in Colombia, and the most recent one, which we have just announced, Zeus Vision in Spain. This latest acquisition represents a great boost towards data visualization and, geographically, marks the first expansion beyond Madrid and Barcelona in Spain. Our commitment to inorganic growth remains intact, further reinforced by our strategic plan and the new business model,” he said.

“We face the future with the same ambition and firm conviction that we will achieve our objectives thanks to the outstanding management of our leadership team, the talent and dedication of the LLYC team, the trust of our clients, and the support of our shareholders,” concluded Romero.

News Board members

Hilario Albarracín Santa Cruz has extensive experience in management positions of professional service firms. He was president of KPMG in Spain for five years (2016-2021). He is currently a member of various boards such as Banca March, CELSA Group, Nazca Capital, and the boards of Fundació Exit and Fundación Amigos del Teatro Real, among others. In addition, he performs senior advisor roles for companies such as Howden and Mango.

Verónica Zavala Lombardi is an independent director in companies and organizations in Latin America. Among others, ENGIE, Promed (dedicated to medical equipment), and the mining company Calisto Cobre. She was Minister of Transport and Communications in the Government of Peru from 2006 to 2008. She has held relevant positions at the Inter-American Development Bank and the World Bank, and leadership positions in the Audit and ESG Committees in publicly traded companies. Verónica is a promoter of LGBTIQ+ diversity and a member of the advisory board of “Presente,” an organization that works for the access to rights of LGBTIQ+ people in Peru.

This content is translated with AI.