Dividend payment in shares and cash

25/06/2014 - Finance
Vallourec shareholders were invited to choose whether to receive the dividend payment in cash or in new shares.

 

 

 

 

 

 

 

Boulogne-Billancourt, 25 June 2014 - In accordance with the resolution approved by the Shareholders' Meeting on 28 May 2014, shareholders were invited to choose to receive the dividend payment in cash or in new shares. The dividend in respect of the financial year 2013 was set at € 0.81 per share.

This operation resulted in the creation of 518,416 new shares (i.e. 0.4 % of the share capital) issued at a price of € 35.69 per share delivered and listed on Euronext Paris today.

The new shares are issued with all rights attached as of 1 January 2014 and are completely assimilated with existing shares. Following this operation, the share capital of the company is comprised of 128,678,016 shares.

The payment of the dividend in cash, for an amount of € 84.7 million also took place today.

 

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