DSM provides information on optional stock dividend
(Thomson Reuters ONE) -
Royal DSM, the global Life Sciences and Materials Sciences company, today
provides the following information about the optional stock dividend for 2010:
The exchange ratio for the dividend in shares has been determined at 1 new
ordinary share for every 48.077 existing ordinary shares. This exchange ratio is
based on the volume weighted average price of all ordinary shares in DSM traded
at NYSE Euronext on 16, 17, 18, 19 and 20 May 2011. The value of the stock
dividend is equal to the value of the cash dividend (? 0.95). The ordinary
shares that constitute the stock dividend are entitled to any dividend for the
financial year 2011 and to the dividends for subsequent financial years.
Both the dividend in cash and the dividend in shares will be made payable to
shareholders from 25 May 2011. Around 39% elected for a dividend in shares
resulting in 1,330,425 ordinary shares to be paid as stock divdend.
DSM will reallocate 1.33 million ordinary shares currently held in treasury to
be distributed to shareholders who have chosen to receive the final dividend
2010 in shares. DSM held as at 31 December 2010 13.5 million ordinary shares in
treasury as a result of a share buy-back program executed in 2007 and 2008. With
the re-allocation of 1.33 million of ordinary shares DSM will be able to
distribute the shares required for the optional stock dividend to shareholders
without issuing new shares or buying shares in the market.
DSM - Bright Science. Brighter Living.(TM)
Royal DSM N.V. is a global science-based company active in health, nutrition and
materials. By connecting its unique competences in Life Sciences and Materials
Sciences DSM is driving economic prosperity, environmental progress and social
advances to create sustainable value for all stakeholders. DSM delivers
innovative solutions that nourish, protect and improve performance in global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials. DSM's
22,000 employees deliver annual net sales of about ? 9 billion. The company is
listed on NYSE Euronext. More information can be found at www.dsm.com
For more information:
DSM Corporate Communications DSM Investor Relations
Herman Betten Hans Vossen
tel. +31 (0) 45 5782017 tel. +31 (0) 45 5782864
fax +31 (0) 45 5740680 fax +31 (0) 10 4590275
e-mail media.relations(at)dsm.com e-mail investor.relations(at)dsm.com
Press release-pdf:
http://hugin.info/130663/R/1518092/454607.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: DSM N.V. via Thomson Reuters ONE
[HUG#1518092]
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 54924
Anzahl Zeichen: 3559
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Town:
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Kategorie:
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