Saint-Gobain: 73% of the 2012 Dividend Will be Reinvested
PARIS, July 3, 2013
PARIS, July 3, 2013 /PRNewswire/ --
Saint-Gobain shareholders responded favorably to the dividend reinvestment
option, with 72.5% of thetotal dividendtobe paid in stock. This high
reinvestment rate allows Saint-Gobaintostrengthen its equity by €474
A total of nearly 16.9 million new shares will be issued, equivalent to 3.1%
of outstanding shares.
The new shares will be issued and delivered on July 5. They will carry rights
to the 2013 dividend and will rank pari passu to existing shares from the
issue date. The new shares will be listed on NYSE Euronext Paris on July 5.
The share issue will have the effect of increasing Compagnie de Saint-Gobain's
share capital as of July 5 to €2,211 million, represented by 552.7 million
ordinary shares with a par value of €4 each, all fully paid and all in the
Cash dividends will also be paid on July 5, for a total of €180 million.
During the Annual General Meeting of June 6, Saint-Gobain shareholders
approved payment of a 2012 dividend of €1.24 per share and the option to
receive the dividend in cash or in Saint-Gobain shares issued at a price of
€28.12 per share. Shareholders that chose the stock dividend alternative were
required to notify the Company between June 12 and June 26.
Florence TRIOU-TEIXEIRA +33-1-47-62-45-19
Alexandra BAUBIGEAT +33-1-47-62-30-93
Susanne TRABITZSCH +33-1-47-62-43-25
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