Notice of Annual General Meeting

Date: 24 March 2009
Source: Saint-Gobain
At its meeting today, the Board of Directors of Compagnie de Saint-Gobain decided to call the Annual General Meeting on June 4, 2009 at 3:00 p.m. at the Palais des Congrès convention center in Paris.

The Board will recommend at the Meeting paying a cash dividend of €1 per share and offering shareholders a dividend reinvestment option*. Based on the closing share price on March 19, the €1 dividend represents a net yield of 4.7%. The record date (June 9) will be followed by a 15-day period (from June 10 to 24) during which shareholders may exercise their reinvestment option. As a result, payment of the dividend - in cash or in stock - will take place on July 2.

In line with the terms of the agreement entered into on March 20, 2008, Gilles Schnepp, Chairman & Chief Executive Officer of Legrand, will be proposed for election as the third representative of Wendel on the Saint-Gobain Board of Directors, to replace Gian Paolo Caccini who has reached the age limit specified in the bylaws. Shareholders will also be invited to re-elect as directors Gerhard Cromme, Chairman of the Supervisory Board of ThyssenKrupp AG, Jean-Martin Folz, Chairman of AFEP , Michel Pébereau, Chairman of the Board of Directors of BNP Paribas and Jean-Cyril Spinetta, Chairman of the Board of Directors of Air France-KLM.

* For the stock dividend, the Board will recommend setting to the Annual General Meeting the issue price of the new shares at a 10% discount on the average of the opening prices quoted for Compagnie de Saint-Gobain shares over the 20 trading days preceding the Annual General Meeting on June 4, after deducting the dividend from this average.


600450 Notice of Annual General Meeting
Date: 24 March 2009
Source: Saint-Gobain

See more news about:

See more from these topics:

Others also read

The LEED-Gold rated building is glazed with Saint-Gobain glass.
Sophisticated, subtle, yet stylish, it is the perfect foil for SGG Planisafe for offices – sturdy and safe.
Now is the time for revolutionary glass for evolving workspaces, with Saint-Gobain Inspire’s Planilaque Evolution.
China Ginza Tokyo is a luxurious and unique building expressing the spirit of Chanel through a façade generating images and acting as lighting for the building.
Vetrotech Saint-Gobain North America has an abundance of products and knowledge to share with those in attendance.
The Rail Nirman Nilayam at Hyderabad, constructed by the South Central Railways, is the first project of the Indian Railways that has been registered for GRIHA compliance.

Add new comment