Fir Tree Announces Support for Esso Shareholder Resolution to Allocate 2023 Profit to an Exceptional Dividend
The shareholder resolution was published by Esso on June 5, 2024 in the Bulletin des Annonces légales obligatoires.1
- The shareholder resolution was published by Esso on June 5, 2024 in the Bulletin des Annonces légales obligatoires.1
The resolution proposes to allocate the Company’s profit for the financial year 2023 to a €41.80 per share exceptional net dividend to be paid to all shareholders, including ExxonMobil, on top of the regular net dividend of €3 per share for a total net dividend of €44.80. - “Esso currently obscures its true financial situation from its shareholders because of the simple fact that it is majority-owned by ExxonMobil.
- In order to address this imbalance, we support the shareholder resolution to allocate the Company’s available 2023 profit to pay an exceptional dividend to shareholders.
- Fir Tree is committed to taking all available actions to ensure that both Esso and Exxon act in the best interests of all shareholders moving forward.”