Tessenderlo Group offers payment of 2011 dividend in shares and/or in cash
(Thomson Reuters ONE) -
Tessenderlo Group (NYSE Euronext: TESB) announced during the Annual General
Meeting of shareholders held earlier today, that a gross dividend for the 2011
financial year was declared at 1.3333 EUR per share. The Board of Directors
decided to offer shareholders a choice of payment conditions: the option of
receiving a dividend in new shares at a price of 18.00 EUR per share, or in
cash, or a combination of both.
Today, the Annual General Meeting approved a net dividend of 1.00 EUR (coupon n°
75), corresponding to a gross dividend of 1.3333 EUR. The net dividend for
shares with VVPR strips attached is 1.0533 EUR.
Following approval by the shareholders to increase the authorized capital, the
Board of Directors decided to offer the choice of payment of the 2011 dividend
in new shares, or in cash, or a combination of both. The price of these new
shares was set at 18.00 EUR per share. Shareholders can make their choice of
payment during a period from Tuesday, June 12th 2012 until Friday, July
6th 2012. The settlement in cash and/or the delivery of new shares will take
place on July 16th 2012. The ex-dividend date is June 7th 2012.
A document explaining the practical details of the 2011 dividend payment will be
made available on the group's website (www.tessenderlogroup.com) as from June
12th 2012. For further information, shareholders should contact their banks from
the same date. The financial service will be provided by ING Belgium with regard
to the dematerialized and bearer shares, and by Belfius Bank with regard to the
registered shares.
Tessenderlo Group is a worldwide specialty company, focused on food,
agriculture, water management and on valorizing bio-residuals. The group employs
about 7,500 people and is a leader in most of its markets, with a consolidated
revenue of 2.1 billion EUR in 2011. Tessenderlo Chemie NV is listed on NYSE
Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices.
Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes
Media Relations Investor Relations
Kathleen IWENS Philip LUDWIG
+32 (0) 478 664 555 +32 2 639 16 58
This press release is available in Dutch, French and English on the corporate
website www.tessenderlogroup.com - under 'News & Media'
*The enclosed information constitutes regulated information as defined in the
Royal Decree of 14 November 2007 regarding the duties of issuers of financial
instruments which have been admitted for trading on a regulated market
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tessenderlo Group via Thomson Reuters ONE
[HUG#1617377]
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2012 - 13:12 Uhr
Sprache: Deutsch
News-ID 153250
Anzahl Zeichen: 3450
contact information:
Town:
Brussels
Kategorie:
Business News
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