SBM OFFSHORE N.V. - DIVIDEND PAYMENT
(Thomson Reuters ONE) -
1. Dividend Payment
The Annual General Meeting of Shareholders held in Rotterdam on 5 May 2011
resolved to approve the dividend 2010 proposal of USD 0.71 per ordinary share.
The dividend is payable in Euro and amounts to EUR 0.4793 per ordinary share
which will be rounded upwards to EUR 0.48 per ordinary share. Shareholders have
the choice between payment of the dividend in cash (minus 15% dividend
withholding tax) or in stock.
The conversion ratio will be determined by the Management Board on 27 May 2011
after close of trading, based on the volume weighted average share price (as
calculated by Bloomberg) on the last five days of the choice period, i.e.
23, 24, 25, 26 and 27 May 2011. Save for a possible rounding off difference, the
value of the cash and the stock dividend will be equal.
No trading in dividend rights will take place on the NYSE Euronext in Amsterdam
("Euronext Amsterdam").
Time schedule
9 May 2011 : Ex-dividend
11 May 2011 : Record date
12 May - 27 May 2011 (15.00 hours CET) : Choice period
27 May 2011 (after trading) :
Determination of exchange ratio stock dividend
1 June 2011 : Payment of the
dividend
Shareholders are requested to indicate their choice within the determined
period, through their bank or broker to The Royal Bank of Scotland N.V. ("RBS").
If shares are held in a custody account with a bank or broker, then the bank or
broker in question generally reports the dividend in shares, unless selected
otherwise.
After 27 May 2011 the ordinary shares which fall due against non-exercised
dividend rights will be sold and the net cash amount will be distributed to the
members of Euronext Amsterdam ("Members") in favour of holders of non-exercised
dividend rights.
Payment of the dividend on the ordinary shares and delivery of new ordinary
shares, with settlement of fractions in cash, if required, will take place on 1
June 2011 on the basis of the delivered dividend rights.
A request to admit the new ordinary shares for admission to trading on Euronext
Amsterdam will be made pursuant to article 5:4 sub e of the Financial Markets
Supervision Act (Wet op het financieel toezicht).
Members
Members are requested to deliver their dividend rights directly to RBS (account
28009/106). Members will receive a commission for each new ordinary share
issued by the Company in accordance with RBS's circular in order to execute the
exchange of dividend rights on a cost free basis for shareholders. In order to
receive the commission, Members are required to deliver the dividend rights
directly to RBS. Furthermore, Members will need to confirm to RBS that they have
executed the exchange of dividend rights into new ordinary shares on a cost free
basis.
As reference price for the settlement of fractional entitlements, the opening
price of 30 May, 2011 must be used.
Contact person: Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser(at)sbmoffshore.com
Website: www.sbmoffshore.com
To see the full version of this press release please click on the link below.
SBM Offshore Press Release:
http://hugin.info/130754/R/1513230/449034.pdf
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: SBM Offshore N.V. via Thomson Reuters ONE
[HUG#1513230]
Unternehmensinformation / Kurzprofil:
Datum: 06.05.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 54359
Anzahl Zeichen: 4548
contact information:
Town:
Schiedam
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"SBM OFFSHORE N.V. - DIVIDEND PAYMENT"
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SBM Offshore N.V. (Nachricht senden)
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