The Laclede Group Hosts Annual Shareholder Meeting
Three Directors re-elected; Board of Directors declares quarterly dividend
ST. LOUIS, Jan. 31, 2013
ST. LOUIS, Jan. 31, 2013 /PRNewswire/ --The Laclede Group is executing on
itsgrowth and shareholder value initiatives as highlighted by President and
Chief Executive Officer Suzanne Sitherwood at the Company's annual shareholder
meeting held earlier today at the Laclede Gas Building in St. Louis, Missouri.
During the meeting, Sitherwood highlighted key achievements that moved The
Laclede Group onward in 2012, including a pending acquisition and new
innovation initiative. She cited the strong financial and operational
performance of the Company including an increase in net income for both its
gas utility and gas marketing businesses for fiscal year 2012.
The growth of The Laclede Group was most clearly defined by the Company's
pending acquisition of two gas distribution companies, Missouri Gas Energy and
New England Gas Company, announced last December. When approved, these
acquisitions will effectively double the number of the Company's utility
customers to 1.2 million.
To harness the power of natural gas and emerging technologies, The Laclede
Group announced the launch of Spire™ natural gas fueling solutions. More than
a fueling station, Spire™ is focused on meeting the needs of fleet managers
from station design and build through facility operations and upgrades. The
first Spire™ compressed natural gas station is set to open this year near
Lambert-St. Louis International Airport.
During the meeting, shareholders re-elected three directors, each to a
oBrenda D. Newberry, chief executive officer of Nesher, LLC
oSuzanne Sitherwood, chief executive officer and president of The Laclede
oMary Ann Van Lokeren, former chairman and chief executive officer of Krey
Shareholders also ratified the appointment of Deloitte & Touche, LLP as the
independent registered public accountant for the Company for the 2013 fiscal
At its meeting today, the Board of Directors declared a quarterly dividend of
42 1/2 cents per share. The dividend will be payable on April 2, 2013 to
shareholders of record on March 11, 2013. The Laclede Group has continuously
paid a cash dividend since 1946, with 2013 marking the Company's 10^th
consecutive year of increasing its dividend on an annualized basis.
A video archive of the annual shareholder meeting will be available on the
ABOUT THE LACLEDE GROUP, INC.
The Laclede Group, Inc. (NYSE: LG), headquartered in St. Louis, Missouri, is a
public utility holding company. Its subsidiary, Laclede Gas Company, the
regulated operations of which are included in the Regulated Gas Distribution
segment, serves approximately 630,000 residential, commercial and industrial
customers in St. Louis City and parts of 10 counties in eastern Missouri.
Laclede's primary non-utility business, Laclede Energy Resources, Inc.,
included in the Non-Regulated Gas Marketing segment, provides non-regulated
natural gas services. Laclede Group is committed to pursuing growth through 1)
developing and investing in emerging technologies; 2) investing in
infrastructure; 3) acquiring businesses to which the Company can apply its
operating model, and 4) leveraging its current business unit competencies. For
more information about Laclede and its subsidiaries, visit
SOURCE The Laclede Group, Inc.
Contact: Investors, Scott W. Dudley Jr., +1-314-342-0878,
sdudley@TheLacledeGroup.com, or Media, Jessica B. Willingham, +1-314-342-3300,
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