REG-Philip Morris International Inc. Philip Morris International Inc. (PMI) Holds 2016 Annual Meeting of Shareholders <Origin Href="QuoteRef">PM.N</Origin>

Philip Morris InternationalAnnouncement

04/05/2016 16:05

Philip Morris International Inc. (PMI) Holds       2016 Annual Meeting of Shareholders
      Philip Morris International Inc. (NYSE / Euronext Paris: PM) held its       2016 Annual Meeting of Shareholders today. Louis C. Camilleri, Chairman       of the Board, addressed shareholders and answered questions. Andr       Calantzopoulos, Chief Executive Officer, gave the business presentation,       which included an overview of PMIs strong momentum, the exciting       progress of its Reduced-Risk Product,iQOS, and its       commitment to returning cash to shareholders.    
      2015 was an excellent year for PMI, despite the significant drag on our       reported results stemming from the sharp appreciation of the U.S.       dollar. Our performance was underpinned by an improving cigarette       industry volume trend and continued market share momentum, said Mr.       Calantzopoulos.    
      During his presentation, Mr. Calantzopoulos also discussed the companys       commitment to the principle of harm reduction: We are mindful that RRPs       are today uncharted territory for many regulators, but this should not       be a reason for inaction. The faster public health authorities embrace       the principle of harm reduction through RRPs, in conjunction with       on-going regulatory efforts related to combustible products, the more       immediate the public health benefit will be. Our goal is to lead a       full-scale effort to ensure that Reduced-Risk Products ultimately       replace cigarettes to the benefit of adult smokers, society, our company       and our shareholders.    
      Mr. Calantzopoulos concluded his presentation with the companys focus       on shareholder returns: We remain focused on rewarding our shareholders       generously, with the dividend currently serving as the primary use of       our free cash flow. Last September, we increased our annual dividend for       the eighth consecutive year since the spin in 2008, representing a total       increase of approximately 122% and a compound annual growth rate of 12%.    
      Matters put before the Meeting were: the nomination for election of       twelve nominees for director named in the companys proxy statement; the       ratification of the selection of PricewaterhouseCoopers SA as       independent auditors; the approval on an advisory basis of the       compensation of named executive officers as disclosed in the companys       proxy statement; and two shareholder proposals. Final voting results       will be included in a Form 8-K that will be filed with the SEC.    
      An archived copy of the audio webcast of PMIs Annual Meeting of       Shareholders will be available until 5:00 p.m. ET on Thursday, June 2,       2016 at www.pmi.com/webcasts.    
About Philip Morris International Inc. (PMI)
      PMI is the worlds leading international tobacco company, with six of       the world's top 15 international brands and products sold in more than       180 markets. In addition to the manufacture and sale of cigarettes,       including Marlboro, the number one global cigarette brand, and       other tobacco products, PMI is engaged in the development and       commercialization of Reduced-Risk Products (RRPs). RRPs is the term       PMI uses to refer to products with the potential to reduce individual       risk and population harm in comparison to smoking cigarettes. Through       multidisciplinary capabilities in productdevelopment, state-of-the-art       facilities, and industry-leading scientific substantiation, PMI aims to       provide an RRP portfolio that meets a broad spectrum of adult smoker       preferences and rigorous regulatory requirements. For more information,       see www.pmi.com and www.pmiscience.com.    
      Investor Relations:
New York: +1 (917) 663 2233
Lausanne: +41       (0)58 242 4666
or
Media:
Lausanne: +41 (0)58 242 4500    
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      Philip Morris International Inc.