VALLOUREC: Dividend payment in shares and cash
Dividend payment in shares and cash
Boulogne-Billancourt, 25 June 2014 - In accordance with the resolution
approved by the Shareholders' Meeting on 28 May 2014, shareholders were
invited to choose to receive the dividend payment in cash or in new shares.
The dividend in respect of the financial year 2013 was set at € 0.81 per
This operation resulted in the creation of 518,416 new shares (i.e. 0.4% of
the share capital) issued at a price of € 35.69 per share delivered and listed
on Euronext Paris today.
The new shares are issued with all rights attached as of 1 January 2014 and
are completely assimilated with existing shares. Following this operation, the
share capital of the company is comprised of 128,678,016 shares.
The payment of the dividend in cash, for an amount of € 84.7 million also took
Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.
With over 24,000 employees, integrated manufacturing facilities, advanced R&D
and a presence in more than 20 countries, Vallourec offers its customers
innovative global solutions to meet the energy challenges of the 21st century.
Listed on Euronext in Paris (ISIN code: FR0000120354, Ticker VK) and eligible
for the Deferred Settlement System (SRD), Vallourec is included in the
following indices: MSCI World Index, Euronext 100 and SBF 120.
In the United States, Vallourec has established a sponsored Level 1 American
Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).
Parity between ADR and a Vallourec ordinary share has been set at 5:1.
Follow us on Twitter @VallourecGroup
For further information, please contact
Investor relations Press relations
Etienne Bertrand Caroline Philips
Tel: +33 (0)1 49 09 35 58 Tel: +33 (0)1 41 03 77 50
140625_Vallourec press release_Dividend Payment in PDF
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The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: VALLOUREC via Globenewswire
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