Around 65% of the 2008 dividend will be reinvested

Date: 1 July 2009
Source: Saint-Gobain Group
Saint-Gobain shareholders responded favorably to the dividend reinvestment option, with 64.8% of the total dividend to be paid in stock.

This high reinvestment rate, which attests to shareholders’ confidence in the Group’s strategy and long-term growth outlook, allows Saint-Gobain to strenghten its equity by €315 million. A total of 13.8 million new shares will be issued, equivalent to 2.8% of outstanding shares.

The new shares will be issued and delivered on July 2. They will carry rights to the 2009 dividend and will rank pari passu to existing shares from the issue date. An application will be made for the new shares to be listed on NYSE Euronext Paris on July 2.

The share issue will have the effect of increasing Compagnie de Saint-Gobain’s share capital as of June 29 to €2,052 million, represented by 512.9 million ordinary shares with a par value of €4 each, all fully paid and all in the same class. Cash dividends will also be paid on July 2, for a total of €171.3 million.

During the Annual General Meeting of June 4, Saint-Gobain shareholders approved payment of a 2008 dividend of €1 per share and the option to receive the dividend in cash or in Saint-Gobain shares issued at a price of €22.83 per share. Shareholders that chose the stock dividend alternative were required to notify the Company between June 10 and June 24.

More info:www.saint-gobain.com

600450 Around 65% of the 2008 dividend will be reinvested glassonweb.com
Date: 1 July 2009
Source: Saint-Gobain Group

See more news about:

See more from these topics:

Others also read

Over the last five years, Sandton (South Africa) has been a magnet for large-scale developments. Designed by Boogertman + Partners Architects, the 85 000 m2 Discovery building is one of them.
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Vetrotech supplied over 1'600m2 of Contraflam Lite Structure EW30 solutions.
The glazed walkway at London’s Tower Bridge attraction, which was designed and manufactured by GLASSOLUTIONS, has been voted as winner of MyGlazing.com’s ‘Best window with a view 2017’ competition.
Architects Pelli Clarke Pelli specified the most demanding requirements for a fire-rated glass floor and skylight to date for this project including 2-hour fire rating, blast, and seismic resistance, live loading for foot traffic, and waterproofing.
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.

Add new comment